Deal has ended, view more Melio deals by clicking here.
Update 9/30/20: Extended until December 31, 2020. Hat tip to reader Mark
The Offer
- Melio business bill payments is offering $2,500 in free payment processing for new customers.
Melio is a bill payment service for businesses to pay other businesses (e.g. their vendors), not for personal payments.
The Fine Print
- Valid for new users only.
Until May 31st 2020OR up to 5,000 users (Extended through July 31)
Our Verdict
Given the 2.9% processing fee, this would be a value of $72.50 which is quite generous for a no-requirement signup bonus. Read our review of Melio here.
Hat tip to Vengenceonu
Post history:
- Update 8/1/20: Extended until September 30.
- Update 5/28/20: Offer has been extended through July 31st.
It allowed me to schedule mortgage payment fee free using my personal credit card. I will update this post if the payment actually goes through.
I’ve been using melio for business payments for about 2 years. I regularly make payments in the $15,000-$30,000 range and have never had any issues with them.
I’ve used them for business payments with no problem. I didn’t sign up with this offer and I pay from a checking account, so maybe card payments with this offer are scrutinized more. Even though there is an option for signing up with a SSN, it seems like they really prefer an EIN.
Extended again till Dec 31, 2020
I’m still seeing the September end date showing.
These Melio weasels are not worth your time. I have a real business & pay taxes on it. Melio told me “Unfortunately, we were unable to verify your account and activity under our criteria. As such, we are not able to support transactions made from your account. Any pending transactions have been canceled.” It’s actually a real business, but even after I sent them proof they never responded. I’d stay far away from an outfit like this.
It seems to be extended till September 30 now.
Screw this company. I signed up and tried to make two payments on the same day, even uploaded a bill from my credit card, and they suspended my account.
“I took a look, and our Risk and Compliance department was unable to approve your account and therefore we cannot support your transactions.
If you believe this is an error, you can reach Compliance directly at [email protected]”
I emailed them back and they’ve ignored my email. I tweeted them and they’ve never responded to my tweet.
What about personal service: https://www.meliopayments.com/industry/personal-services
Any deals?
Not surprising to extend when they’re just canceling everyone’s account…
hopefully this forces plastiq to offer some discounts.