If you want instant access to your funds, one of the quickest and most secure ways is to use your debit card. You'll receive the payment directly to your bank account within minutes. Visit Melio's pricing page for details on any fees that may apply.
In this guide, you will learn the following:
- Why use this option?
- What do I need to know as a vendor?
- How can I get paid instantly with my debit card?
Instant payment with your debit card is available based on the eligibility of each payment.
Why use this option?
- Fast and reliable: Receive payments to your bank account within 30 minutes.
- Flexible: It's available 24/7 (including weekends and holidays).
- Cost-effective: Visit Melio's pricing page to learn about any fees that may apply.
- Convenient: All you need is your debit card number and cardholder details.
What do I need to know as a vendor?
- Only the vendor can select this option.
- Only debit cards can be used for instant payments; credit cards aren't supported.
- The original delivery method must be either ACH bank transfer or check.
Original payment method. If the original delivery method is ACH bank transfer, follow the steps below and initiate the instant payment before the estimated ACH transfer delivery date. If the original delivery method is a check, the original check is voided but will still arrive at your address; make sure not to deposit it, as it may lead to penalty fees.
How can I get paid instantly with my debit card?
When a customer pays through Melio, eligible vendors will receive an email to accept their payment with the option to get paid instantly. Vendors don't need to have a Melio account to accept payments.
For details on any fees associated with instant payments, visit Melio's pricing page.
Follow these steps to get paid instantly with your debit card:
1- Locate the email from Melio to accept your payment. The subject line reads "Accept your [amount] payment from [X Vendor]." The email includes the payment details, including the amount, invoice number, and the estimated payment delivery date.
2- Below Want to get paid instantly?, select Get paid now.
3- Enter your debit card number, card expiration date, and security code.
4- Select Link my card.
5- Already have a linked debit card with Melio? Select Receive payment to this card, or + Add another debit card.
6- Add the cardholder's name, address, city, state, and zip code.
7- Then select Submit and accept payment.
8- Review and confirm the details, then select Confirm and get paid instantly.
If you want to track the progress of your incoming payment, please review this guide. If you don't have a Melio account, you can still track your payments by using this guide instead.
That's it! Your payment should arrive in the bank account linked to your debit card within 30 minutes.