No hidden fees, just simple solutions.
Melio offers straightforward pricing for business payments, featuring free ACH transfers for sending and receiving. Credit card payments incur a competitive processing fee, while check payments have a nominal cost. The platform aims for transparency, ensuring businesses understand all associated costs without hidden charges.
At Melio, our commitment to transparent pricing means businesses always know what to expect. We believe that managing your finances shouldn't involve deciphering complex fee schedules or encountering unexpected charges. Our model is built on clarity, ensuring that every transaction cost is clearly stated upfront, allowing you to budget and plan with confidence. This approach helps businesses maintain financial predictability.
We focus on providing real value through our services, not through confusing pricing tiers. Whether you're sending or receiving payments, the associated costs are readily available. This dedication to openness is a core part of the Melio experience, designed to build trust and simplify your financial operations. Our goal is to make business payments as straightforward as possible, removing common pain points associated with payment processing fees.
Understanding your costs is fundamental to effective cash flow management. Melio’s pricing structure is designed to support businesses of all sizes, from startups to established enterprises, by offering predictable and competitive rates. We prioritize making our services accessible and understandable, so you can concentrate on your core business activities without financial surprises.
Melio distinguishes itself by offering completely free ACH payments for both sending and receiving funds. This means businesses can pay vendors or collect payments from clients via bank transfer without incurring any transaction fees. This significant cost-saving feature is particularly beneficial for businesses that process a high volume of payments or deal with large transaction amounts, as it directly reduces operational expenses.
This free service underscores Melio's dedication to supporting small and medium-sized businesses by removing common financial barriers. For more information on how ACH transfers work, you can refer to resources like the Nacha website, which governs the ACH Network.
For businesses seeking greater flexibility and convenience, Melio facilitates payments using credit cards. When you choose to pay a vendor with a credit card through Melio, a standard processing fee applies. This fee is typically a percentage of the transaction amount, allowing you to manage your cash flow while still benefiting from your credit card rewards or extended payment terms. The current fee for credit card payments is 2.9% per transaction.
Using a credit card through Melio provides an excellent way to extend your payment terms, earn rewards, and maintain liquidity, even when your vendor only accepts checks or bank transfers.
This fee covers the costs associated with credit card processing, including interchange fees, assessment fees, and other network charges. Melio ensures this rate is competitive and transparent, so you understand the exact cost before initiating a payment. This option is particularly valuable when you need to make a payment quickly, or if you want to keep more cash in your business account for longer periods. For details on credit card processing, Wikipedia's entry on interchange fees provides a good overview of the underlying mechanics.
While digital payments are increasingly popular, some vendors still prefer or require physical checks. Melio offers a service to send checks on your behalf, combining the familiarity of traditional payments with the ease of a digital platform. When you opt for Melio to mail a check, a nominal fee is applied to cover the costs of printing, postage, and handling. This ensures your vendor receives their payment without you needing to manage the physical process.
The fee for sending a check through Melio is $1.50 per check. This fixed cost makes it easy to budget for check payments, regardless of the amount being paid. It's a cost-effective solution for businesses that occasionally need to send physical checks but want to avoid the manual effort of writing, stamping, and mailing them. Melio handles all the logistics, from printing to mailing, directly from your dashboard.
This service is designed to bridge the gap between digital convenience and traditional payment preferences. It's an ideal choice for vendors who are not yet set up for electronic payments or prefer receiving paper checks, ensuring they get paid reliably and on time, all while simplifying your accounts payable process.
Beyond our core payment functionalities, Melio offers additional features designed to further enhance your payment experience and provide greater control over your financial operations. While our primary services are built for accessibility, some advanced capabilities come with specific costs, reflecting the added value they provide. These features are optional, allowing businesses to tailor their Melio experience to their exact needs.
One such feature is the option for expedited payments. While standard ACH payments are free and typically take 2-3 business days, businesses requiring faster delivery can opt for a 1-day or same-day payment service. These expedited options incur a small fee, which varies depending on the speed selected and the payment method used. This is particularly useful for urgent payments or when managing tight deadlines.
Melio also provides tools for enhanced collaboration and user management, allowing multiple team members to access and manage payments with varying levels of permissions. While basic collaboration features are included, advanced user roles or specific reporting functionalities might be part of a future premium tier. These enhancements are continuously developed based on user feedback to provide more sophisticated financial management capabilities for growing businesses.
Melio's pricing model is built on a philosophy of simplicity and transparency, aiming to offer competitive advantages over traditional banking methods and other fintech platforms. Our core offering of free ACH payments sets us apart, significantly reducing the cost of doing business for many companies. This contrasts sharply with banks that often charge per-transaction fees for electronic transfers, or other services that bundle fees into monthly subscriptions regardless of usage.
When comparing Melio's pricing, consider the total cost of ownership. While a 2.9% fee for credit card payments is standard across the industry, the absence of fees for ACH payments and the low, fixed cost for checks make Melio a highly economical choice for a blended payment strategy. Many competitors might offer 'free' trials that convert to expensive subscriptions, or impose hidden charges for things like payment reconciliation or customer support.
Our commitment is to provide clear, upfront costs without hidden charges or complex tiered systems that escalate as your business grows. This allows businesses to accurately forecast their payment processing expenses, contributing to better financial planning and greater operational efficiency. Melio strives to be a cost-effective partner, ensuring that businesses can manage their payables and receivables without unnecessary financial burdens.
| Payment Method | Melio Fee | Typical Processing Time | Key Benefit |
|---|---|---|---|
| ACH Bank Transfer (Sending) | Free | 2-3 business days | No cost, direct bank transfer |
| ACH Bank Transfer (Receiving) | Free | 2-3 business days | No cost, easy collection |
| Credit Card (Paying Vendor) | 2.9% per transaction | 1-3 business days | Cash flow flexibility, rewards |
| Check (Mailed by Melio) | $1.50 per check | 5-7 business days | Vendor preference, no manual effort |
| Expedited ACH (1-Day) | Varies (e.g., 0.5% - 1%) | 1 business day | Faster payment delivery |
Melio