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Accounting & Finance · head to head

Melio vs Paymo

Melio logo

Melio

Accounting & Finance

Simple business payments

From
Free
Rated
-
Full reviewWebsite
Paymo logo

Paymo

Project Management

Work & project management for teams

From
On request
Rated
-
Full reviewWebsite

The short version

  • Only Melio has a free tier, so it costs nothing to try first.
  • Each has a real cost: Melio go (free) plan limited to one user only; Paymo every advertised price rises after 3 months, with Plus going from $10.90 to $15.90 per user and Pro from $16.90 to $23.90
  • They diverge on capability: Melio covers Vendor payments, Paymo covers Task management.

Where they differ

Only the attributes on which Melio and Paymo actually diverge.

Attributes where Melio and Paymo differ
AttributeMelioPaymo
Starting priceFreeOn request
Free tierYesNo
PlatformsWeb, Mobile appWeb, Ios, Android, Desktop
CategoryAccounting & FinanceProject Management
Founded20182008

Identical on both: pricing model (freemium), user rating (Not yet rated).

What each one covers

Drawn from each product's published feature list. An absence here means we hold no record of it - not that the product lacks it.

Only in Melio

  • Vendor payments
  • Card to check
  • Payment scheduling
  • Approval workflows
  • QuickBooks sync
  • QuickBooks
  • Xero
  • FreshBooks

Only in Paymo

  • Task management
  • Time tracking
  • Invoicing
  • Gantt charts
  • Resource scheduling
  • Slack
  • Google Workspace
  • Zapier

Both cover

  • Web support
  • Ios support
  • Android support

What people use each for

The jobs each tool is most often brought in to do.

Melio

  • Accounts payable automationnot Paymo
  • Bill management and payment schedulingnot Paymo
  • Multi-vendor payment processingnot Paymo
  • Invoice receivables and payment collectionnot Paymo

Paymo

  • Project management with time tracking and invoicing for agenciesnot Melio
  • Tracking billable hours and project profitabilitynot Melio

Where each one falls short

Documented limitations, not opinions. Every one is a constraint you would hit in normal use.

Melio

  • Go (free) plan limited to one user only
  • ACH charges £0.50 per transaction beyond monthly allowance (5-50 free depending on plan)
  • Card payment fees range from 2.9% to 2.9% plus £75 maximum
  • International payments limited to select currencies only
  • NetSuite integration only available in Unlimited plan (£80/month minimum)

Paymo

  • Every advertised price rises after 3 months, with Plus going from $10.90 to $15.90 per user and Pro from $16.90 to $23.90
  • The free plan allows 1 user, 1 client and 2 projects
  • The Solo plan is still capped at 3 clients and 5 projects
  • Gantt charts, task dependencies and scheduling require the Plus plan
  • Integrations are excluded from both the free and Solo plans

Pricing, plan by plan

Melio

Free

No published plan breakdown. See the Melio review.

Paymo

On request
  • FreeFree
    • 1 user
    • Basic features
  • Starter$4.95/month
    • Time tracking
    • Kanban
    • Invoicing

Which should you pick?

Choose Melio if

  • You need vendor payments.
  • You want to start without paying.
  • You work on Web, Mobile app.
  • You also want card to check.
Melio review

Choose Paymo if

  • You need task management.
  • You work on Web, Ios, Android, Desktop.
  • You also want time tracking.
Paymo review

Questions people ask

Is Melio or Paymo better?
Neither clearly leads. Melio starts at Free and Paymo at On request, and user ratings are close enough to be indistinguishable. Choose on capability and platform support.
Which is cheaper, Melio or Paymo?
Melio has a free tier; the other does not. Paid plans start at Free for Melio and On request for Paymo.
Does Melio or Paymo run on more platforms?
Melio runs on Web, Mobile app. Paymo runs on Web, Ios, Android, Desktop.
Can I use Melio for free?
Yes. Melio has a free tier, so you can try it without paying. Paymo starts at On request.
What is Melio best used for?
Melio is most often used for accounts payable automation, bill management and payment scheduling, multi-vendor payment processing, invoice receivables and payment collection. Of those, accounts payable automation and bill management and payment scheduling are not what Paymo is typically brought in for.
What can Melio do that Paymo cannot?
Melio covers Vendor payments, Card to check, Payment scheduling, Approval workflows. Paymo covers Task management, Time tracking, Invoicing, Gantt charts. Both handle Web support, Ios support, Android support.
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