Paying a vendor for the first time with ACH

  • Updated

ACH (automated clearing house) transfers are how most online bank transactions in the US are facilitated. They're also sometimes called a direct deposit, direct pay or electronic check. 

 

With Melio you can pay how you want - including credit card (2.9%) and debit card (2.9%) - and your vendor will get an ACH bank transfer directly to their account.

 

ACH bank transfer is free, takes up to 3 business days, and is trackable. There’s also an option for fast ACH (1% fee for eligible payment). Learn more about our delivery times

 

Here’s how to pay your vendor with ACH bank transfer:

1. Sign in to your Melio account.

2. Click Pay in the left sidebar.

3. Add a bill or select one from your inbox.

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4. Select how you want to pay. Click Continue.

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5. When asked to select a delivery method, click Bank transfer (ACH).

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6. Fill in the vendor’s routing number and bank account number. Click Save bank details. The vendor’s details will be saved in Contacts for future payments.

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7. Select a date for your payment to be deducted. Click Continue

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8. (Optional) Leave a memo for your vendor. The default is the invoice number. Click Continue.

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9. Carefully review the details in the Review & confirm page. Click Confirm and schedule payment to complete the process.

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10. If this is your first time making a payment with Melio, enter your business’s legal details. This needs to be done only once. Click Complete and save.

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That’s it! You’ll get an email summarizing the details of this payment. We’ll notify your vendor that their payment is on the way.

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