Melio is a small business-oriented Accounts Payable tool, presented as a service that helps small businesses keep up with business. A B2B payments experience and payment workflow designed to be simple, and to enable businesses to pay domestic and international vendors, expedite payments, or pay by card.
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Payoneer
Score 7.8 out of 10
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Payoneer headquartered in New York offers a global payment solution enabling business to manage international payments, bill or request payments from clients, receive payments through popular marketplaces, and pay freelance workers no matter where they are.
1. One thing I like about Melio is the free version for small businesses or individuals or soleprenuels . 2. Melio offers free bank to bank payments on all plans, even the free version unlike other competitors. 3. You can pay vendors with credit cards even if they don't accept …
I have used Bill, Mercury and Novo. They all meet my requirements' for my business and do similar services. However, I have been sticking with Melio over the other products as it meets all the needs for my business. Melio is a turn key solution for me. Melio is all I am using …
Melio stacked up well against other solutions. The workflow and reporting were simple and the payment options were less expensive, without a monthly subscription. The ability to pay multiple invoicing in a few short clicks was appealing. The updated payment workflow was …
Melio is 100% free if you just use ACH, and that by itself would be reason enough for me to stick with the platform, it boats a ton of other useful features that add to the experience.
Additionally, Melio is free for bill payment; others charge quite a bit. Being able to recommend a free app to our clients makes standardizing on a single solution very easy for us.
Less features than Ramp, but a solid option for free use for ACH. If you need International wires, fees may be higher than other options. However, you can issue paper checks, ACH, wires or use a linked credit card to pay bills.
I prefer Melio over Bill.com. I prefer Melio because it is easier to cancel or correct a payment on the platform. I like the way that Melio lets you track vendor requests for payment information. I like that it is easy to follow the payment all the way through the process to …
It is pretty good, but clients call frustrated with it when they have to fix things. I cannot offer it to advanced clients, since the system is too simple.
Bill.com is more expensive and more difficult to use than Melio. While it has a greater range of functionality and apparently has better integration into QuickBooks, we didn't need the greater functionality and I had just as much trouble integrating into Bill.com as I have with …
I usually use direct transfers between bank accounts, Zelle, wire funds, credit cards, and paper checks as a last resort. In my experience, even mailing of paper checks would be many times faster and more convenient than using Payoneer.
Payoneer is simpler, offers more advantages when withdrawing income and is linked to the best markets. In addition, I can withdraw the money regardless of the currency deposited at the best exchange rate in the market. They offer very competitive commission rates and a debit …
Before Payoneer, I used Paxum, a Canadian product, that was or is similar but more expensive. Also used Payza(later Ecopayz), and European alternative, they have their ups and downs, they aren't even listed in the Search above, basically they are both payment gateways that …
Payoneer supports more geographies than many of the other leading payment solutions. Additionally, their fees are very low, and don’t require a minimum monthly volume or a subscription package. Where Payoneer falls short is that it’s slow (compared to something like PayPal), …
Paypal is more common but transaction fees and overall time spent waiting for some transfers if the other person doesn't have paypal or has not used it in a while is a plus for Payoneer.
Less hassle and more options related to types of transactions and places to process …
Payoneer has outperformed them all, with speedier payments, a larger network, and international business accounts. We first tried a few different payment service providers before settling on this one, like PayPal, Payeer, and Skrill. But after all these years, Payoneer …
I chose Payoneer over the competition because of the low transaction fees and the ease of receiving money from customers anywhere in the world, and then being able to withdraw it without using intermediaries, directly to my bank account and into my local currency.
When I used TransferWise I needed to add my Payoneer banking info. Therefore, even though I used this I still needed to use Payoneer. TransferWise limits the countries that they send cards to. It would have been easier to use and it would have removed the need to use Payoneer …
As compared to PayPal, Payoneer has nominal exchange rates. Secondly, it is more popular in developing countries than PaPpal which ultimately helps us in doing business in those countries. Thirdly, the transaction fee that Payoneer deducts is less as compared to PayPal which I …
I selected Payoneer as the fees they have deducted are less and also the exchange rate is better. Also, from time to time I get updates or notifications about the whereabouts of my money. Though there is a limit to receiving money in a single transaction using this tool, it's …
I would say they are both similar platforms, however, TransferWise has cheaper transfer fees. I also like TRansferWise's user interface better. I use both platforms for different purposes and I am happy with both platforms. Having two platforms give me more flexibility …
Through Payoneer's payment solution, it is easy to send funds to numerous countries across the globe. Payoneer will help pay people from more than 85 countries around the world. One of the things I love about Payoneer is the simplicity that they offer.
Payoneer is much more secure than any other transaction system. Transaction charges are affordable, but there is no other hidden cost to receive or make international payments. Its exchange rates are almost equal to the marketplace. Moreover, their Customer Support Team is well …
Before using Payoneer I had to rely on PayPal Payments but I have to face many troubles. The interface is very unique, it is simple to use
with an eye-catching and intuitive design, which helps in navigating things easily
for the new user too. The platform also offers to …
Payoneer is good for 3rd party sources when working with multiple companies. I like using Paypal Payments for when I'm charging a client individually and simply. Payoneer is best for reoccurring business with an entities like collecting from radio, online ads, commercials, …
PayPal is accepted by country but I can only send out funds, no receiving. With Payoneer you can send and receive funds, it also has a free credit card that can be delivered to your door step.
Melio is particularly well suited for small businesses above $100K in revenue whose owners want to save time and simplify bill payments. It is helpful to bookkeepers so that they don't have to ask the owners, over and over again, "what was that check for?" and "can you send me the bill?"
Payoneer is well suited for small to large-scale organizations for sending and receiving payments and establishing business internationally. Because their customer service crew is inexperienced, payment and account-related issues can arise and take a long time to fix. It's also appropriate for individuals or freelancers that need a payment provider that can collect payments from all over the world.
The simplicity it adds to business payments is a great deal. One feature we really value it the ability to pay vendors by check. Melio prints and mails checks for us which saves time and hassle.
Payment scheduling tool is another thing we enjoy. This tool lets us plan ahead and manage cash flow more effectively by setting payment dates in advance.
Another thing Melio does well is the tracking of payment.
There was a time a vendor claimed that they hadn't been paid, but with just a few clicks we could see the check has already been delivered.
This kind of transparency gives us confident and keep things professional.
The integration with other platform or accounts like QuickBooks is an experience I did love to keep.
There should be an automatic link between vendors added with their Melio link and the same vendors that already exist in QuickBooks. As it is now, a new vendor is created when you do that and is not linked with the one that already is in QuickBooks.
For some international countries it take a lot to get the physical card. This may be related to the local post office too, but it's a hassle for new users
It would be good to have tutorials on how to do basic tasks in video or audio, for users that can't read for too long or have a disability
Melio has been a very important tool in the advancement of our business. With great features, it has made payments to vendors seamless and hassle free. In terms of vendor management, account/data tracking, and scheduling of payments in advance. This has formed the base that we are still with Melio till today.
The support is really awful. They send you generic answers, and actually don't really understand what is going on. For example, when our re-verification was stuck, support agents told me that the account is active and you can send a payment. I did that, my card was charged, but the payment was declined, because the account was not active
Melio is 100% free if you just use ACH, and that by itself would be reason enough for me to stick with the platform, it boats a ton of other useful features that add to the experience.
Before Payoneer, I used Paxum, a Canadian product, that was or is similar but more expensive. Also used Payza(later Ecopayz), and European alternative, they have their ups and downs, they aren't even listed in the Search above, basically they are both payment gateways that allow using several payment methods, and any payment gateway, the problem is they don't have any bank accounts associated with them, therefore they are more limited in that regard. Both use a card as the main withdrawal method, and both support international currencies, but there as I mentioned there isn't any bank account associated with them, nor there is a way to connect them to Stripe.
I have been able to save hours every week now that I am only using Melio as my payment processor
I can easily add invoice details which I use to create in another platform and upload to Melio, this saves me time with projects I want to be quicker with
The ease of use for my clients is fantastic, and makes for a seamless workflow
Using Payoneer we have grown very well especially in 3rd world countries.
Due to its nominal transaction charges and better exchange rates, we get a decent ROI.
Since it is a very easy to use payment gateway and does not require many technicalities hence it is very well accepted which helps us in "ease of doing" business.
