Installment payments on Melio are powered by Credit Key, Melio’s financing partner. Credit Key provides financing for businesses. All Credit Key loans are made by First Electronic Bank, a Utah Chartered Industrial Bank, member FDIC.
Together, Melio and Credit Key can provide small businesses with the extended payment terms they need to hold on to their cash for longer; while maintaining a good relationship with their vendors who get paid in one payment on time.
All matters related to installment payments will be handled and communicated by Credit Key.
Melio continues to send you information about your bill payments and their status (for example, when a bill is scheduled), as we always do.