This article is relevant for: All subscribers.
With Melio, the payment process is divided into two parts: making a payment and receiving a payment. You can use any payment method that works best for your business. Your vendors still receive payment how they want, so you both have total flexibility.
Ways your vendor can receive payment:
- Check
- ACH bank transfer
- Fast ACH bank transfer
- Fast check
- International payment in USD
- International payment in foreign currency
- Single-use virtual card
- Debit card
- An instant payment to a bank account
- A fast payment to a bank account
Delivery methods
Receiving a paper check
Delivery method fee: $1.50
- Comfortable. Choose this payment method if your vendor prefers to get paid with checks. They will receive it within 5-7 business days.
- Secure. Your sensitive details are never written on the check, protecting you from fraud and check forgery.
Receiving an ACH bank transfer
Delivery method fee: Free for the vendor to receive.
$0.5 fee for you to send depending on your subscription plan.
- Free. ACH bank transfers are free for your vendors to receive.
- Direct. The payment will arrive in your vendor’s bank account within 3-5 business days.
- Boost subscribers? Your payments get premium delivery within 2 business days.
Receiving a fast ACH bank transfer
Delivery method fee: 1% (up to $30)
- Faster delivery. Fast ACH payments arrive in your vendor’s bank account on the same day it’s sent so you can avoid late fees.
- Increase your cash flow. Hold onto your cash for 3 more days.
- Save on fees. The fee is lower than bank wire transfers or paying by card.
Receiving a fast check
Delivery method fee: $20.
- Speed. Fast checks arrive within 3 business days. Vendors who need paper checks can get them 4 days earlier than regular checks and you avoid late fees.
- Flat rate. No matter how big the payment, it’s always the same fee.
Receiving an international payment in USD
Delivery method fee: $20
- Get paid from abroad. Your vendors around the world will receive an international payment in USD directly to their bank account in USD. They don’t even need a Melio account to accept payment.
Receiving an international payment in foreign currency
Delivery method fee: Conversion rate
- Get paid from abroad. Your vendors around the world will receive an international payment in their local currency directly to their bank account. They don’t even need a Melio account to accept payment.
Receiving a single-use virtual card
Delivery method fee: Point-of-sale (POS) terminal processing fee (for your vendor).
- Faster. Vendors can process payments 24/7 using their POS terminal - so they get paid on their schedule, not according to bank hours.
- Easier on their accounting. Cards are sent with full remittance data - amount, payor and invoice details. This makes it easier to track, manage & reconcile every incoming payment.
- More secure. No need for them to expose their bank details. They receive a digital card with a unique 16-digit number that only they can use.
-Your vendors need to sign up to receive payments via single-use virtual cards. This is not something you can choose for them. They will pay the regular processing fee for running the card through their POS terminal.
Receiving instant payment with a debit card
Delivery method fee: 1% (for your vendor).
- Choice. If your vendor needs payment sooner, they can choose to get it immediately into their bank account with their debit card.
- Speed up the payment. Once they choose to get paid instantly with their debit card, the payment is processed and delivered to their bank account in up to 30 minutes.
- Only your vendor can select this delivery method. They will pay the 1% fee.
- For your vendor to get this option, you must pay by ACH bank transfer, credit or debit card + select delivery method as ACH bank transfer or paper check. They will not receive this option if you send a fast ACH bank transfer or fast check.
Receiving an instant payment to a bank account
Delivery method fee: 1% (for your vendor)
- Choice. If your vendor needs payment sooner, they can choose to get it instantly to their bank account.
- Speed up the payment. Once they select “Get paid intently”, the payment is processed and delivered to their bank account within seconds.
- Only your vendor can select this delivery method. They will pay the 1% fee.
- For your vendor to get this option, you must pay by ACH bank transfer, credit or debit card + select delivery method as ACH bank transfer or paper check. They will not receive this option if you send a fast ACH bank transfer or fast check.
Receiving a fast payment to a bank account
Delivery method fee: 1% (for your vendor)
- Choice. If your vendor needs payment sooner, they can choose to get it faster to their bank account.
- Speed up the payment. Once they select “Get paid today”, the payment is processed and delivered to their bank account that day (depending on weekends and federal holidays).
- Only your vendor can select this delivery method. They will pay the 1% fee.
- For your vendor to get this option, you must pay by ACH bank transfer, credit or debit card + select delivery method as ACH bank transfer or paper check. They will not receive this option if you send a fast ACH bank transfer or fast check.