Melio
What is Melio?
Melio is a digital accounts payable and receivable solution for small businesses in the US. Melio helps small businesses get more control over their finances and improve cash flow month after month. You can manage payments from your phone or your computer. Use Melio’s powerful tools to boost efficiency, gain more financial control, and optimize cash flow.
Pay and get paid your way, access additional credit, speed up crucial payments, and pay vendors globally—all from a single platform.
Melio.com
When you go to Melio.com, you can enjoy the entire Melio experience. You can manage both your accounts payable and receivable. Pay and get paid in one dashboard and sync with your accounting software to avoid double data entry.
Melio.com also allows you to make international payments, make partial payments, and create recurring bills.
Melio app
The app is Melio’s pay-on-the-go solution. It's designed to help you easily make payments from your phone. Melio’s business payment app makes it easy to make and track payments from anywhere. Pay vendors in seconds and approve or check the status of any payment—all from your phone.
With the app, you can simply take a picture of an invoice with your phone. It becomes a scanned bill and appears in your Unpaid tab. You can make a payment right away or at a later stage.
The app also allows you to add your payment details, vendors, and their preferred delivery method. You can also cancel, approve, and decline payments.
You’ll also find unique features like biometrics (including Face ID and Touch/ Fingerprint ID) to keep your account secure. You can also choose to get push notifications so you never miss an update.
You can download the app from your preferred app store.
Learn more from the video below and get started today!
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VideoMelio: Pay Your Business Bills Exactly How You Want - Start Your Free Trial
As a small business owner, you can now pay your business bills exactly how you want. Watch how.
Length: 0 minutes 51 seconds
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Why MelioWhat is a single-use virtual card?
A single-use virtual card (SUVC) is a virtual credit card that has become a common delivery method for Account Payable solutions like Melio.
Why use a single-use virtual card?
- Fast - Can be processed immediately after the payment is processed.
- Secure - Bank account details are not shared. Also, the card is specific for a single invoice and the exact amount.
- Efficient - Processing is automatic 24/7 and independent of banking working hours.
- Easier to reconcile - Cards are sent with full remittance data - amount, payor, and invoice details.
- Convenient- Process single-use cards with your existing solution. (Standard card processing fees still apply.)
Melio’s single-use virtual card characteristics
Melio’s single-use virtual card is issued by J.P. Morgan. It has some specific characteristics:
- A unique 16-digit digital card number.
- A 3-digit CVV code.
- Each card is issued for a specified amount to pay a single supplier invoice.
- It can only be used once.
- It expires 30 days after the payment is processed.
- No physical card is involved, and no card numbers are stored.
- It can be authorized and settled just like any other card through the existing machine you’re using to process credit card payments.
- It has a known settlement timeframe.
Get started by signing up your Small Business directly on the Melio website today!