Melio is a small business-oriented Accounts Payable tool, presented as a service that helps small businesses keep up with business. A B2B payments experience and payment workflow designed to be simple, and to enable businesses to pay domestic and international vendors, expedite payments, or pay by card.
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Skrill
Score 7.5 out of 10
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Skrill is a payment gateway software solution offered by Skrill USA, Inc..
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Pricing
Melio
Skrill
Editions & Modules
Card processing fee
2.9%
No answers on this topic
Offerings
Pricing Offerings
Melio
Skrill
Free Trial
Yes
No
Free/Freemium Version
No
No
Premium Consulting/Integration Services
No
No
Entry-level Setup Fee
No setup fee
No setup fee
Additional Details
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More Pricing Information
Community Pulse
Melio
Skrill
Features
Melio
Skrill
Payment Management
Comparison of Payment Management features of Product A and Product B
Melio
9.3
14 Ratings
21% above category average
Skrill
-
Ratings
Customizable Approval Policies
8.211 Ratings
00 Ratings
Financial Document Management
9.310 Ratings
00 Ratings
Payment Status Tracking
9.814 Ratings
00 Ratings
Payment Audit Trail
9.711 Ratings
00 Ratings
Duplicate Bill Detection
9.610 Ratings
00 Ratings
Advanced OCR
9.59 Ratings
00 Ratings
Electronic Funds Transfer
9.012 Ratings
00 Ratings
Accounts Payable
Comparison of Accounts Payable features of Product A and Product B
Melio
9.2
18 Ratings
27% above category average
Skrill
-
Ratings
Automated Accounts Payable Processes
8.917 Ratings
00 Ratings
Vendor Management
9.317 Ratings
00 Ratings
Tax Form Preparation
9.511 Ratings
00 Ratings
Payment Gateways
Comparison of Payment Gateways features of Product A and Product B
In my personal experiences, I would recommend Melio to a friend or colleague but would tell them the pros and the con. Melio has really made payments seem seamless and easy. The fact that one can plan his/her payment schedule in advance and at the same time track it, is a very big relief. In as much as Melio has a lot of good features but it still needs upgrade or update, like the notifications of failed payments and delays.
Skrill is my preferred way of doing money transactions abroad typically when I need a safe secured and efficient way of sending money overseas and the amount is low. Most other portals tend to charge a transfer fee for lower amounts but Skrill does not charge a transaction fee when I use the ACH Transfer even for lower amounts. For personal use, I have used the debit card to fuel transactions and it allows you the same facility as the debit card. If I need to complete the transaction within a day and want the money to be available in the receiving account overseas the same day, I prefer another portal that has the option of express service that Skrill does not offer.
The simplicity it adds to business payments is a great deal. One feature we really value it the ability to pay vendors by check. Melio prints and mails checks for us which saves time and hassle.
Payment scheduling tool is another thing we enjoy. This tool lets us plan ahead and manage cash flow more effectively by setting payment dates in advance.
Another thing Melio does well is the tracking of payment.
There was a time a vendor claimed that they hadn't been paid, but with just a few clicks we could see the check has already been delivered.
This kind of transparency gives us confident and keep things professional.
The integration with other platform or accounts like QuickBooks is an experience I did love to keep.
There should be an automatic link between vendors added with their Melio link and the same vendors that already exist in QuickBooks. As it is now, a new vendor is created when you do that and is not linked with the one that already is in QuickBooks.
Melio has been a very important tool in the advancement of our business. With great features, it has made payments to vendors seamless and hassle free. In terms of vendor management, account/data tracking, and scheduling of payments in advance. This has formed the base that we are still with Melio till today.
Melio is 100% free if you just use ACH, and that by itself would be reason enough for me to stick with the platform, it boats a ton of other useful features that add to the experience.
I use different payment systems depending on the goal. Skrill is good when my contractor prefers this way of payment. Also, Skrill is a preferred payment option in many online services, which makes it easy to use. Also, Skrill issues a real plastic Visa card you can use like any bank card.
I have been able to save hours every week now that I am only using Melio as my payment processor
I can easily add invoice details which I use to create in another platform and upload to Melio, this saves me time with projects I want to be quicker with
The ease of use for my clients is fantastic, and makes for a seamless workflow
I can quickly deposit my international multi-currency account without making an expensive wire transfer, with no border restriction as long as I have the mobile app with me.
Skrill is very convenient for each transfer amount up to EURO 2,500, and EURO 15,000/monthly.
Possibility of hiring freelancers for my company with immediate payments.