Melio vs. Veem

Overview
ProductRatingMost Used ByProduct SummaryStarting Price
Melio
Score 8.5 out of 10
N/A
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.N/A
Veem
Score 8.6 out of 10
N/A
Veem, headquartered in San Francisco, offers payment tools to enable businesses to streamline their processes and build business relationships with suppliers and partners all over the world. Through integrations with popular business applications. Veem Local is an online and fee-free option to send, receive, and reconcile business payments within the United States. Veem Cross Border provides access to online global payment tools and pricing and enables users to send, spend, hold and invoice…
$14.99
per month
Pricing
MelioVeem
Editions & Modules
Card processing fee
2.9%
No answers on this topic
Offerings
Pricing Offerings
MelioVeem
Free Trial
YesYes
Free/Freemium Version
NoNo
Premium Consulting/Integration Services
NoYes
Entry-level Setup FeeNo setup feeNo setup fee
Additional DetailsOne flat platform fee for all accounts. Get access to all platform features for a flat monthly fee of $14.99 USD ($18.99 CAD). - 2 free transactions per month. Accounts will only be charged after their 2nd completed transaction. - ACH/EFT $0 send/receive - Fast Transfer 0.5% for same or next day ACH - Check (US only) $1.99 to send - Veem Wallet $0 send/receive - International wires $0 fees and competitive exchange rates - Global Credit card 2.9% - Global Debit card 1% - Global Instant deposit 1% – min. $1.50
More Pricing Information
Community Pulse
MelioVeem
Considered Both Products
Melio
Chose Melio
It is pretty good, but clients call frustrated with it when they have to fix things. I cannot offer it to advanced clients, since the system is too simple.
Veem

No answer on this topic

Features
MelioVeem
Payment Management
Comparison of Payment Management features of Product A and Product B
Melio
9.1
14 Ratings
20% above category average
Veem
-
Ratings
Customizable Approval Policies8.311 Ratings00 Ratings
Financial Document Management8.710 Ratings00 Ratings
Payment Status Tracking9.714 Ratings00 Ratings
Payment Audit Trail9.511 Ratings00 Ratings
Duplicate Bill Detection9.310 Ratings00 Ratings
Advanced OCR9.09 Ratings00 Ratings
Electronic Funds Transfer9.012 Ratings00 Ratings
Accounts Payable
Comparison of Accounts Payable features of Product A and Product B
Melio
9.0
18 Ratings
27% above category average
Veem
-
Ratings
Automated Accounts Payable Processes8.817 Ratings00 Ratings
Vendor Management9.117 Ratings00 Ratings
Tax Form Preparation9.011 Ratings00 Ratings
Best Alternatives
MelioVeem
Small Businesses
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Score 9.7 out of 10
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Score 9.7 out of 10
Medium-sized Companies
Square 9 Softworks
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Score 9.7 out of 10
Square 9 Softworks
Square 9 Softworks
Score 9.7 out of 10
Enterprises
Webexpenses
Webexpenses
Score 8.7 out of 10
Webexpenses
Webexpenses
Score 8.7 out of 10
All AlternativesView all alternativesView all alternatives
User Ratings
MelioVeem
Likelihood to Recommend
8.6
(24 ratings)
-
(0 ratings)
Likelihood to Renew
9.6
(2 ratings)
-
(0 ratings)
Usability
8.2
(4 ratings)
-
(0 ratings)
Availability
9.0
(1 ratings)
-
(0 ratings)
Performance
7.0
(1 ratings)
-
(0 ratings)
Support Rating
8.0
(1 ratings)
-
(0 ratings)
In-Person Training
9.0
(1 ratings)
-
(0 ratings)
Online Training
8.0
(1 ratings)
-
(0 ratings)
Implementation Rating
9.0
(1 ratings)
-
(0 ratings)
Configurability
9.0
(1 ratings)
-
(0 ratings)
Contract Terms and Pricing Model
7.0
(1 ratings)
-
(0 ratings)
Ease of integration
10.0
(1 ratings)
-
(0 ratings)
Product Scalability
8.0
(1 ratings)
-
(0 ratings)
Professional Services
9.0
(1 ratings)
-
(0 ratings)
Vendor post-sale
9.0
(1 ratings)
-
(0 ratings)
Vendor pre-sale
9.0
(1 ratings)
-
(0 ratings)
User Testimonials
MelioVeem
Likelihood to Recommend
Melio
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.
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Veem
No answers on this topic
Pros
Melio
  • 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.
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Veem
No answers on this topic
Cons
Melio
  • 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.
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Veem
No answers on this topic
Likelihood to Renew
Melio
I like the interface. I am familiar with functionality. Convenient to send ACH payments.
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Veem
No answers on this topic
Usability
Melio
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.
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Veem
No answers on this topic
Support Rating
Melio
They have great customer support system
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Veem
No answers on this topic
In-Person Training
Melio
Very educative. It was well detailed, organized and knowledgeable.
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Veem
No answers on this topic
Online Training
Melio
Very helpful and we learnt a handful
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Veem
No answers on this topic
Alternatives Considered
Melio
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.
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Veem
No answers on this topic
Contract Terms and Pricing Model
Melio
The vendor is great
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Veem
No answers on this topic
Professional Services
Melio
Very knowledgeable
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Veem
No answers on this topic
Return on Investment
Melio
  • 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
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Veem
No answers on this topic
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