Softwr

Accounting · head to head

Melio vs RazorpayX

Melio logo

Melio

Accounting

Simple business payments

From
Free
Rated
-
Full reviewWebsite
RazorpayX logo

RazorpayX

Accounting

Indian business banking layer for current accounts, automated payouts, vendor payments and payroll

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 card payments incur flat 2.9% fee on all plans; RazorpayX everything is India specific, the rails, the currency, the statutory deductions and the filings, so a company that redomiciles or expands abroad gets no reuse and has to run a second banking and payroll stack in the new jurisdiction.
  • They diverge on capability: Melio covers Card to check, RazorpayX covers Current account.
  • Prices and features above were last checked on 30 August 2026.

Where they differ

Only the attributes on which Melio and RazorpayX actually diverge.

Attributes where Melio and RazorpayX differ
AttributeMelioRazorpayX
Starting priceFreeOn request
Pricing modelfreemiumusage-based
Free tierYesNo
PlatformsWeb, Mobile appWeb
Founded2018Unknown

Identical on both: user rating (Not yet rated), category (Accounting).

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

  • Card to check
  • Payment scheduling
  • QuickBooks sync
  • QuickBooks
  • Xero
  • FreshBooks
  • SOC 2
  • Bank-level encryption

Only in RazorpayX

  • Current account
  • Payout API
  • Bulk payouts
  • Payout links
  • Payroll
  • Statutory filing support
  • Corporate cards
  • Escrow and connected accounts

Both cover

  • Vendor payments
  • Approval workflows

What people use each for

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

Melio

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

RazorpayX

  • An Indian marketplace settling thousands of seller payouts on a schedule that no bank portal can supportnot Melio
  • A startup running payroll for a growing team that needs provident fund, employee state insurance and tax deduction handled without an in house specialistnot Melio
  • A company paying many vendors monthly that needs tax deducted at source calculated and recorded against each paymentnot Melio
  • A product team that needs disbursements to happen from application code with webhook confirmation rather than from a treasury spreadsheetnot Melio

Where each one falls short

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

Melio

  • Card payments incur flat 2.9% fee on all plans
  • International payments charged $20 flat fee or 2.9% conversion rate plus international fees
  • Paper checks cost $1.50 per check
  • Wire transfers cost $10 standard or up to 1% plus $10 for same-day processing
  • Core and Boost plans charged $10/month per additional user beyond base

RazorpayX

  • Everything is India specific, the rails, the currency, the statutory deductions and the filings, so a company that redomiciles or expands abroad gets no reuse and has to run a second banking and payroll stack in the new jurisdiction.
  • The current account is held with a partner bank while the interface and the relationship belong to Razorpay, so an escalation about the account itself can fall between two organisations and the deposit protection you have depends on the bank, not on the fintech.
  • Indian payment fintechs are subject to active central bank intervention, and Razorpay itself spent a period unable to onboard new merchants following a regulatory direction, so single provider concentration for both collections and payouts is a live continuity risk rather than a theoretical one.
  • Payouts carry per transaction charges beyond an included allowance and payroll is charged per employee, so a high volume settlement business or a company hiring quickly finds the running cost scales directly with the activity that made the product attractive.
  • Support is largely ticket based and account management is reserved for larger accounts, so a failed high value payout or a payroll run that does not credit becomes a queue rather than a call, which is a poor position to be in on a salary date.

Pricing, plan by plan

Melio

Free
  • GoFree
    • 5 free ACH payments per month
    • Pay by card, wire, or check
    • Basic invoicing
  • Core$25/month
    • 20 free ACH payments per month
    • $20/month with annual billing
    • QuickBooks Online and Xero sync
  • Boost$55/month
    • 50 free ACH payments per month
    • $44/month with annual billing
    • QuickBooks Desktop sync
  • Unlimited$80/month
    • Unlimited free ACH payments
    • $64/month with annual billing
    • NetSuite sync

RazorpayX

On request

No published plan breakdown. See the RazorpayX review.

Which should you pick?

Choose Melio if

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

Choose RazorpayX if

  • You need current account.
  • You also want payout api.
RazorpayX review

Questions people ask

Is Melio or RazorpayX better?
Neither clearly leads. Melio starts at Free and RazorpayX at On request, and user ratings are close enough to be indistinguishable. Choose on capability and platform support.
Which is cheaper, Melio or RazorpayX?
Melio has a free tier; the other does not. Paid plans start at Free for Melio and On request for RazorpayX.
Does Melio or RazorpayX run on more platforms?
Melio runs on Web, Mobile app. RazorpayX runs on Web.
Can I use Melio for free?
Yes. Melio has a free tier, so you can try it without paying. RazorpayX 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 RazorpayX is typically brought in for.
What can Melio do that RazorpayX cannot?
Melio covers Card to check, Payment scheduling, QuickBooks sync, QuickBooks. RazorpayX covers Current account, Payout API, Bulk payouts, Payout links. Both handle Vendor payments, Approval workflows.

Answered from the vendors’ own pages

Melio: What does Melio charge for ACH payments?

Melio's free Go tier includes 5 free ACH payments per month. Core tier provides 20 free ACH payments per month at $25/month. Boost offers 50 free ACH payments at $55/month. Unlimited tier at $80/month includes unlimited free ACH payments.

Source
RazorpayX: Is RazorpayX a bank?

No. The current account is provided by partner banks. RazorpayX supplies the interface, the payout automation and the payroll and compliance layer on top of it.

Melio: Does Melio charge fees for card payments?

Yes, Melio charges a flat 2.9% fee on all card payments. International card payments also include currency conversion charges and international fees beyond the base 2.9%.

Source
RazorpayX: Can a company registered outside India use it?

No. It serves Indian registered entities, rupee accounts and Indian statutory requirements.

Melio: Can I use Melio for free?

Yes, Melio's free Go tier allows 5 free ACH payments per month with no subscription cost. Users can pay by card, wire, or check and access basic invoicing and payment link features.

Source
RazorpayX: Does the payroll module handle statutory compliance?

It calculates and supports the main statutory items, provident fund, employee state insurance, professional tax and income tax deduction, and assists with the periodic filings. Confirm the scope against your state specific obligations, since professional tax in particular varies.

RazorpayX: What happens to my payouts if there is a regulatory action against Razorpay?

That has happened before in the form of a restriction on onboarding new merchants. Existing customers continued, but the episode is the reason many businesses keep a bank relationship and a second payout route alive alongside it.

RazorpayX: Does it connect to accounting software?

It integrates with the Indian accounting tools most of its customers use, so payouts and payroll postings do not have to be rekeyed. Check your specific product rather than assuming, because coverage is narrower than for global ledgers.

RazorpayX: How is it priced?

A plan fee with included payout volumes, per transaction charges beyond that, and a per employee charge for payroll. Model your actual payout count rather than the plan headline, because that is where the cost lands.

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