Melio

Assessment

Melio is used by US small businesses and the accountants who pay bills for them. It had 52,000 direct payments customers when Xero reported its 2026 results, and its best use cases are paying vendors by ACH, card, or check, paying by credit card even when the vendor does not accept cards, and collecting payments. Its free plan includes five ACH payments a month and paid plans run from $25 to $80, which puts it at the low end of the market on price. Its main competitors are BILL, Plooto, Tipalti, and QuickBooks Bill Pay.

Matan Bar, Ilan Atias, and Ziv Paz founded Melio in 2018. Xero completed its purchase of the company on October 15, 2025, and Bar now runs Xero’s US business as well. Melio added $115.6M of revenue to Xero in the year to March 2026, with a net loss of $63.0M, and Xero launched bill payments powered by Melio inside its own software in March 2026.

It fits a small business that pays a few dozen bills a month and wants low or no fees. It is a weaker fit for a larger company with complex approval chains or heavy international payouts, where BILL or Tipalti go further.

Rating by criterion

We score each of the eight criteria out of 100.

Sector criteria

Vendor criteria

Against its peers

These are the other companies in business banking and treasury, with their ratings.

User comments

We read Melio’s pricing page and Xero’s 2026 results to see what buyers value, and set them against the main limit a buyer meets.

• Upside

  “Small business owners value the free plan and the option to pay a vendor by card while the vendor still receives a bank transfer or check.”

• Downside

  “Fees for card payments, fast transfers, and extra ACH payments add up, so a business with many monthly bills should compare the paid plans.”

Where customer reviews couldn't be found, our analysts attempted to give a voice to buyer sentiment, drawing on real information from review sites, forums and product documentation.

Based on: Melio, pricing; Xero, fiscal 2026 results.

Fact file

Competitive landscape

Bill pay and accounts payable platforms a US small business would compare with Melio.

• Melio79
• BILL84
• Mercury84
• Plooto77
• Spenda62
• TipaltiNot reviewed
• QuickBooks Bill PayNot reviewed

Comparisons

• Spenda vs Melio
• BILL vs Melio
• Melio vs Plooto

Key leadership

• Matan Bar

Matan Bar co-founded Melio in 2018 and is its chief executive. Since March 2026 he has also been chief executive of Xero US.

How this review was created

This profile gives our own assessment of Melio to companies selecting a Business banking & treasury provider. The Fintech Index receives nothing for featuring a firm, for sponsorship, or for advertising, and Melio gave us no payment for the profile.

The rating equals the average of eight criteria, with every criterion running from 0 to 100. Four address buyer needs in this sector, and four address the company together with its commercial terms.

Ratings are our editorial judgment, made from public information: pricing and legal pages, product documentation, compliance disclosures, public reviews and filings. Fact-checking took place on November 3, 2026. Figures reported in New Zealand dollars were converted to US dollars at the Federal Reserve H.10 rate of $0.5637 per New Zealand dollar on October 30, 2026.