Melio vs. Veem

Veem

Overview
Product	Rating	Most Used By	Product Summary	Starting Price
Melio	Score 5.6 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 8.1 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

Melio

Veem

Editions & Modules

Card processing fee: 2.9%

No answers on this topic

Offerings

Pricing Offerings
Melio	Veem
Free Trial
Yes	Yes
Free/Freemium Version
No	No
Premium Consulting/Integration Services
No	Yes

Entry-level Setup Fee

No setup fee

Additional Details

—

One 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
	Melio	Veem
Considered Both Products	Melio Stephanie Mack Accounting Services Consultant & Trainer 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. Incentivized Helpful?	Veem No answer on this topic
Top Pros	Pro Customer service Pro Excellent customer Pro Integrates well	No answers on this topic
Top Cons	Minus Already exist Minus Third party Minus Integration with accounting	No answers on this topic

Features

Melio

Veem

Payment Management

Comparison of Payment Management features of Product A and Product B
	Melio 5.1 9 Ratings 24% below category average	Veem - Ratings
Customizable Approval Policies	5.07 Ratings	00 Ratings
Financial Document Management	5.07 Ratings	00 Ratings
Payment Status Tracking	5.19 Ratings	00 Ratings
Payment Audit Trail	5.08 Ratings	00 Ratings
Duplicate Bill Detection	4.87 Ratings	00 Ratings
Advanced OCR	5.47 Ratings	00 Ratings
Electronic Funds Transfer	5.08 Ratings	00 Ratings

Accounts Payable

Comparison of Accounts Payable features of Product A and Product B
	Melio 4.8 13 Ratings 19% below category average	Veem - Ratings
Automated Accounts Payable Processes	5.012 Ratings	00 Ratings
Vendor Management	4.812 Ratings	00 Ratings
Tax Form Preparation	4.78 Ratings	00 Ratings

Best Alternatives
	Melio	Veem
Small Businesses	Square 9 Softworks Score 9.9 out of 10	Square 9 Softworks Score 9.9 out of 10
Medium-sized Companies	Square 9 Softworks Score 9.9 out of 10	Square 9 Softworks Score 9.9 out of 10
Enterprises	Webexpenses Score 8.5 out of 10	Webexpenses Score 8.5 out of 10
All Alternatives	View all alternatives	View all alternatives

User Ratings
	Melio	Veem
Likelihood to Recommend	4.5 (19 ratings)	5.5 (1 ratings)

User Testimonials
	Melio	Veem
Likelihood to Recommend	Melio Melio is particularly well suited for small businesses above $100K in revenue whose owners want to save time and simplify bill payments. It is helpful to bookkeepers so that they don't have to ask the owners, over and over again, "what was that check for?" and "can you send me the bill?" Incentivized Steven Ladd CEO Read full review	Veem It is an easy tool to take a full backup of the entire AWS stack. Incentivized MS Monkeydo1 Shaw Consulting Read full review
Pros	Melio Same day payments Low or no fees Ability to let clients choose how they pay, and pick up payment fees on credit cards if they would like Incentivized David Choy Founder Read full review	Veem Snapshots. Backup. Replications. Incentivized MS Monkeydo1 Shaw Consulting Read full review
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. Incentivized Katherine Moore Chess Office/Public Relations Manager Read full review	Veem Cost estimation. Policy. Incentivized MS Monkeydo1 Shaw Consulting Read full review
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. Zac Gaetano Creator Read full review	Veem MSP360 perhaps but not as good as Veem for DR and production VM. Incentivized MS Monkeydo1 Shaw Consulting Read full review
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 Incentivized Verified User Anonymous Read full review	Veem Positive in loss of setup. Positive in prevention of disgruntle employees deleting instances. Incentivized MS Monkeydo1 Shaw Consulting Read full review
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