1. What is Melio?
Melio is a digital payment platform designed for small businesses to pay vendors, suppliers, or contractors using bank transfers (ACH) or credit cards, even if the recipient doesn’t accept card payments.
2. Is Melio free to use?
Yes, standard ACH bank transfers are free on Melio. However, there is a fee of 2.9% if you choose to pay using a credit card.
3. Can I schedule payments with Melio?
Yes, Melio allows users to schedule both one-time and recurring payments, helping businesses stay on top of their bills and avoid late fees.
4. Does the vendor need to sign up for Melio?
No, vendors do not need a Melio account to receive payments. Melio can send checks or bank transfers on your behalf even if the recipient isn’t signed up.
5. Is Melio secure?
Yes, Melio uses industry-standard security protocols and encryption to ensure that your payment data is safe and protected.
6. Can I earn credit card rewards with Melio?
Yes, if you choose to pay a bill with a credit card, you can continue earning your usual card rewards, points, or cash back, while managing cash flow.
7. Does Melio integrate with accounting software?
Melio integrates with QuickBooks and other accounting platforms, making it easier to sync bills, payments, and keep financial records organized.
8. Is Melio available outside the United States?
Currently, Melio is only available for businesses operating in the United States, and payments must originate from a U.S. bank account.