Choosing how your vendors receive payment

Melio makes payments simple by allowing you to choose how you pay and how your vendor receives the payment. You can also let your vendor decide how to receive the payments.

In this article, we’ll explore all the different ways your vendor can receive payments through Melio:

• Paper Check:
  • Regular check
  • Fast check
  • Overnight check
• ACH bank transfer:
  • Regular ACH transfer
  • Same-day ACH transfer
  • Instant ACH transfer 
• Domestic Wire transfer:
  • Regular Wire transfer
  • Same-day Wire transfer
• International payments: 
  • International payment in foreign currency
  • International payment in USD
• Single-use virtual card (can be selected only by the vendor)
• Receiving faster payment to a debit card (can be chosen by the vendor)
• Receiving payments faster to a bank account (can be chosen by the vendor)

Paper check

Regular check

• 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 forgery.

In this guide, learn how to pay your vendor with a check.

Fast check

• Speed: Fast check arrives within three 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 the payment's size, it’s always the same fee.

Learn more about how to expedite the paper check in this article.

Overnight check

• Speed: An overnight check arrives within one business day. Vendors who need paper checks can get them up to six days earlier than regular checks, and you avoid late fees.
• Flat rate: No matter the payment's size, it’s always the same fee.

If you don’t see this option when making a payment, it’s unavailable.

ACH bank transfer

Regular ACH transfer

• 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.

In this guide, learn how to pay your vendor via ACH bank transfer.

Same-day ACH transfer

• Faster delivery: Same-day ACH payments arrive in your vendor’s bank account on the same day. Learn more about how to expedite your ACH transfer in this article.
• Increase your cash flow: Hold onto your cash for three more days.
• Save on fees: The fee is lower than wire transfers or card payments.

Instant ACH transfer

• Instant delivery: Instant ACH payments arrive in your vendor’s bank account within minutes so that you can avoid late fees. 

If you don’t see this option when making a payment, it’s unavailable for this payment.

Domestic Wire transfer

Regular Wire transfer

• Vendor compatibility: Pay vendors who exclusively accept wire transfers, ensuring smooth business transactions.

Learn more about how to pay the vendor via Wire transfer in this article.

Same-day Wire transfer

• Quick payment processing: Same-day Wire transfers ensure payments are processed faster, within the same day. Learn more about how to expedite your Wire transfer in this article.
• Operational efficiency: Ensures smooth business flow by enabling fast payments and preventing disruptions.

You can select same-day delivery when you pay via your bank account. If you pay via card, this is the default delivery speed. 

International payments

International payment in foreign currency

• Pay to foreign vendors in their local currency: Your vendors worldwide will receive an international payment in their local currency directly to their bank account. They don’t need a Melio account to accept payment.

This guide explains how to make international payments in foreign currency.

International payment in USD

• Pay to your vendors abroad: Your vendors abroad will receive an international payment directly in USD to their bank account. They don’t even need a Melio account to accept payment.

This guide teaches you how to make international payments in USD.

Single-use virtual card

Your vendor can get a single-use virtual card from us.

• Faster: Vendors can process payments 24/7 using their POS terminal, so they get paid according to their schedule, not bank hours.
• Easier for vendors’ accounting: Cards are sent with complete remittance data—amount, payor, and invoice details. This makes tracking, managing, and reconciling every incoming payment easier.
• More secure: Vendors do not need to expose their bank details. They receive a digital card with a unique 16-digit number that only they can use.

Receiving faster payment to a debit card

• Choice: If your vendor needs payment sooner, they can select an option to get it immediately using 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. 

Receiving payments faster to a bank account

• Choice: If your vendor needs payment sooner, they can choose to get it faster to their bank account.
• The vendor will have one available choice:
  • “Get paid instantly”: The payment can be delivered within minutes.
  • “Get paid today”: The payment can be delivered on the same day.

The available options may differ. In some cases, we offer instant delivery, while in others, we offer same-day delivery. Once an option is chosen, the payment is processed and delivered to the vendor’s bank account within the selected timeframe.

If you want to learn more about each payment delivery method fee, check out our Pricing page.