Melio Review 2026: Is It Worth It?
4.6
/10
Phil Collective Score
Confidence: 0.9
What Is Melio?
Free B2B payment platform. pay vendors by bank transfer for free, or by card for 2.9%. Melio is laser-focused on making business payments painless. No monthly fee. Integrates with QBO and Xero. The catch: they make money on card transaction fees and expedited payments.
| Founded | 2018 |
|---|---|
| HQ | New York, NY |
| Deployment | cloud |
| Category | Payments |
| Free Trial | No |
| Free Plan | Yes |
Melio Pricing
Free
$0
per monthly
Melio Features
| Feature | Available | Notes |
|---|---|---|
| Receipt scanning | ✗ | |
| Audit trail | ✗ | |
| Tax preparation | ✗ | |
| Accountant access | ✗ | |
| Bank reconciliation | ✗ | |
| Bill pay | ✗ | |
| Double-entry accounting | ✗ | |
| Expense tracking | ✗ | |
| Inventory tracking | ✗ | |
| Invoicing | ✗ | |
| Mobile app | ✗ | |
| Multi-currency | ✗ | |
| Multi-entity | ✗ | |
| Role-based permissions | ✗ | |
| Time tracking | ✗ | |
| API access | ✗ | |
| Bank feeds | ✗ | |
| Payroll integration | ✗ | |
| Budgeting | ✗ | |
| Custom reports | ✗ | |
| Financial reports (P&L, Balance Sheet, Cash Flow) | ✗ | |
| Project profitability | ✗ |
Melio Alternatives
- Bill.com — 6.4/10 — from $45/mo