Accounting & Finance

What is Melio? | Small Business Payments

As a small business owner, managing finances can be stressful, especially when it comes to payments. Keeping track of bills, invoices, and transaction history can take up valuable time and energy. Fortunately, there’s a solution: Melio. In this guide, we’ll explore what Melio is, how to use it, its top features, and how it can support your business growth. Get ready to streamline your payments and focus on what really matters – growing your business.

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What is Melio?

Melio is a digital payment platform that allows businesses to manage all their payments in one place. With Melio, small business owners can pay their suppliers and vendors, receive and manage invoices, and even send and receive electronic checks. Melio integrates with QuickBooks, making it easy to sync payments with accounting records.

How does Melio Work?

Pay via Melio

Using Melio is easy and straightforward. First, you’ll need to sign up for an account on their website. Once your account is set up, you can start adding your payees – the people or companies you need to pay. You can add payees manually or import them from QuickBooks.

When it’s time to make a payment, simply select your payee, enter the payment amount, and choose the payment method. Melio offers different payment methods, including bank transfers, debit & credit cards, and electronic checks. Best of all, you can buy your business bills via credit card, even when cards aren't accepted, giving you more flexibility. 

When you send and receive money via ACH with Melio, it's completely free, so consider setting up a business bank account to avoid unnecessary credit card fees. After submitting your payment, you’ll receive a notification when it’s processed.

light bulb green iconFundid RecommendationNeed a business bank account? NorthOne integrates with the accounting software you already use, saving you hours of manual bookkeeping. Sign up for your account today to send and receive ACH payments for free in Melio.  

Get Paid via Melio

Getting paid is just as easy as making a payment in Melio's simple and user-friendly platform. Similar to the above, you can add your customers to Melio and start sending payment requests. First, you will need to add an invoice by connecting to your accounting software or adding the invoice yourself. If you choose to add the invoice yourself, you have the option of uploading an invoice pdf or typing in the invoice details yourself. Bonus - you can upload a CSV to send multiple invoices simultaneously! Once you've uploaded your invoice information, all you have to do is included your customer's email and an optional note to send the payment request.

The platform allows you to track your payments, schedule future payments, and even send payment reminders to your clients when payments are overdue. With Melio, you no longer have to worry about missed payments or delayed cash flow. Instead, focus on growing your business and let Melio take care of the rest. Sign up today and start getting paid the easy way!

What Are The Top Features?

Melio offers several features to help small business owners streamline their payment processes. We've highlighted a few of our favorites below.

  1. Easy Payments: Melio makes it easy to pay your vendors and suppliers using your preferred payment method, including bank transfer, debit card, or electronic check.
  2. Schedule payments: Set up payments in advance so you never miss a deadline or payment.
  3. Flexible Invoices: Melio provides your customers with multiple payment options so you get paid faster.  
  4. Manage your invoices: With Melio, you can receive, track, and manage your invoices in one place.
  5. Sync with QuickBooks: Link your Melio account with QuickBooks to automatically sync payments with your accounting records.
  6. Pay multiple invoices at once: Save time by paying multiple invoices with one transaction.

How does Melio support business growth?

Melio can support business growth in several ways. First, it helps small business owners save time and energy by streamlining their payment processes. This means more time and energy can be focused on growing the business.

Second, Melio offers a digital record of payment history and invoices, making it easier to manage finances and stay organized.

Third, the integration with QuickBooks allows for more accurate financial reporting and analysis, which can help businesses make informed decisions about growth strategies.

Lastly, Melio offers an option to earn rewards for paying with their platform, providing an additional incentive for businesses to continue using the service.

Get Started With Melio Today

In today’s fast-paced business world, it’s important to have efficient payment processes in place. Melio offers a convenient, user-friendly platform for managing payments, invoices, and transactions. As a small business owner, utilizing Melio can save you time and energy, make financial management easier, and ultimately support business growth. Amplify your cash flow, sign up for Melio today, and take your business payments to the next level.New call-to-action