What makes the best Payment Solutions?

To decide which Payment Solution is the best, we rate all Payment Solutions on 6 different areas:

Table of contents

Rank Name Best Usecase Score Details
#2 Melio 131 Pros/Cons Coupon/Review
#1 Veem 351 Pros/Cons Coupon/Review

The verdict: which Payment Solutions are the best in 2024

2. Melio
Do you want to keep your business running as smoothly as possible? Melio provides better management in terms of managing supplier payments, reducing time and cost while optimizing the flow of cash through smarter ways of transactions. It is founded by Matan Bar, Ilan Atias, and Ziv Paz. Melio, as a digital bill payment solution method, is for small business owners, accountants, bookkeepers, and clients which allows you to manage all payments from your customers in a single place, saving you time and money. An ideal fee bill payment tool, Melio is suitable for business freelancers, startups, SMEs, and Agencies. It is powered by a phone, email, tickets, and training support that will help and manage all customer payments and transactions from one dashboard via a single login. Melio also has passionate live accountants support just for you!
  • Melio is a payment platform for small businesses to pay or get paid easily.
  • Founded in 2018, Melio provides businesses with tools to manage payments, avoid late fees, and improve cash flow.
  • Key features of Melio include:
    • Ability to pay any business or individual quickly with a debit card, ACH or check.
    • Tools to track payments and get reminders to pay bills on time.
    • Receipt capture to keep payment records organized.
    • Integrations with accounting software.
  • The platform aims to replace paper checks and streamline B2B payments for SMBs.
Melio Specifications
Name: Melio
Website: https://www.meliopayments.com/
Coupon Code: ❌
Free Credits: ❌
Free Trial: ❌
Yearly Discount: ❌
Unlimited Plan: ❌
No Creditcard Required: ✅
Read Review
Affiliate Program
Join Affiliate Program
Screenshot of Melio Homepage

Melio advantages and disadvantages

Pros Cons
  • Easy to use: Melio has a user-friendly interface that makes payments simple and straightforward.
  • Accepts various payment methods: You can pay and get paid via ACH or credit card through Melio.
  • vendor management: Melio stores your vendors' information so you don't have to re-enter it each time.
  • Tracks payments: Melio keeps a record of all your payments and transactions for easy reference.
  • Secure: Melio uses bank-level security and encryption to keep your data safe.
  • Mobile app: Manage payments and track cash flow on-the-go with Melio's iOS and Android apps.
  • Integrates with accounting software: Connect Melio to tools like QuickBooks for seamless bookkeeping.
  • 24/7 support: Get assistance from Melio's customer support team at any time.
  • High fees: Melio charges higher transaction fees compared to other payment processors.
  • Limited integration: Melio has fewer integration options compared to PayPal or Stripe.
  • No recurring payments: Melio doesn't support setting up recurring payments for subscriptions or memberships.
  • Limited customer support: Melio provides email support only, no phone support options.
  • Small user base: Melio has a much smaller user base than more established payment processors.

Melio Key Features:

  • Pay Bills: Melio allows businesses to pay bills and invoices to vendors electronically.
  • Accept Payments: Melio offers tools to create invoices and receive payments from customers electronically.
  • Accounting Integration: Melio integrates with accounting software like QuickBooks to sync transaction data.
  • Bank Payments: Businesses can make electronic payments to vendors directly from their bank account through Melio.
  • Cashback Rewards: Melio offers cashback rewards when businesses pay their bills through the platform.
  • Invoice Management: The platform provides tools to create, send, track and manage invoices all in one place.
  • 24/7 Support: Melio offers customer support via phone, email and chat at any time.
  • Starter - $0/month. 1 user, $5,000 monthly payment volume
  • Team - $29/month per user. $25,000 monthly payment volume per user
  • Business - Custom pricing. Unlimited users, unlimited payment volume

VIEW Melio Coupon VISIT Melio Website

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1. Veem
All companies desire to pay entrepreneurs, suppliers, and contractors anywhere at any time without any turmoil. Veem is a payment service provider that makes it easier for businesses to send and receive funds. It allows the users to receive and send payments with one click. By using blockchain as a method of payment, the company eliminates the need for intermediary banks, thereby reducing costs for small and medium enterprises. With the use of Veem, you will save a lot of time, money, and effort leading to stress-free and carefree management. Old financial systems and technologies make it virtually impossible, but with Veem, the impossible becomes reality.
  • Veem is a global payments company founded in 2014.
  • Veem's purpose is to make it easy for businesses to send and receive international payments. Veem aims to simplify cross-border transactions.
  • Veem uses blockchain technology to transfer funds directly between bank accounts without going through intermediaries.
  • Veem operates in over 100 countries and supports payments in over 25 currencies.
  • It focuses on serving small and medium sized businesses that need to pay international suppliers and freelancers.
Veem Specifications
Name: Veem
Website: https://www.veem.com/
Coupon Code: ❌
Free Credits: ❌
Free Trial: ❌
Yearly Discount: ❌
Unlimited Plan: ❌
No Creditcard Required: ✅
Read Review
Affiliate Program
Join Affiliate Program
Screenshot of Veem Homepage

Veem advantages and disadvantages

Pros Cons
  • Easy to use: Veem has a user-friendly interface that is easy to navigate.
  • Fast transfers: Veem can send money domestically and internationally quickly, usually within 1-2 business days.
  • Low fees: Veem has competitive transfer fees that are lower than banks and other money transfer services.
  • Multi-payment options: Veem allows you to send and receive payments via bank transfer, debit/credit card, or eWallet.
  • 24/7 customer support: Veem has round-the-clock customer support in case any issues come up with transfers.
  • Secure platform: Veem uses industry-standard encryption to keep your money and information safe.
  • Integration capabilities: Veem can integrate with popular small business platforms like QuickBooks for easy money management.
  • High fees: Veem charges higher fees compared to some competitors. Transfer fees can be up to 1% per transaction.
  • Limited payment options: Veem only supports bank transfers (ACH/Wire) as payment methods. No options for credit cards or other online payment methods.
  • Limited country support: Veem only supports transfers between about 60 countries. Does not cover some major markets.
  • Steep learning curve: The platform has a complex interface that may be overwhelming for first-time users.
  • Lack of multi-currency support: Veem only allows transfers in the local currencies of the countries. No options for multi-currency accounts.
  • No mobile app: Veem does not have a dedicated mobile app. The web portal is not optimized for mobile use.
  • Lengthy transfer times: International transfers can take 3-5 business days to be completed which is slower than some competitors.
  • Limited customer support: Veem provides email and chat support but no phone support option.

Veem Key Features:

  • Send and receive money globally: Veem allows you to easily send and receive payments between over 110 countries. You can pay anyone using just their email address or phone number.
  • Bank-level security: Veem uses industry-leading security protocols and encryption to protect your money and information.
  • Low fees: Veem has some of the lowest fees compared to traditional wire transfers and other money transfer services.
  • Easy to use: Veem has a simple, user-friendly interface that allows you to send and receive money in just a few clicks.
  • Integration with accounting software: Veem seamlessly integrates with popular accounting platforms like QuickBooks and Xero for easy payments and reconciliation.
  • 24/7 customer support: Veem has multi-lingual customer support available around the clock to help with any questions or issues.

Veem Pricing

Veem price plans
  • Lite Plan: Send up to $5,000 per transaction, 2 free sends per month
  • Pro Plan: Send up to $10,000 per transaction, 5 free sends per month
  • Business Plan: Send up to $25,000 per transaction, 10 free sends per month
  • Enterprise Plan: Customizable limits, unlimited free sends per month

VIEW Veem Coupon VISIT Veem Website

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