Compare Melio and Shopify

Comparison

Melio

Shopify Logo

Shopify

Everything you need to start, run and scale your business. Find out more
Try MelioTry Shopify
Why you should consider it
  • Melio saves businesses an average of 15 hours per month on payment processing
  • Melio users have reported an average increase of 2x in on-time payments
  • Over 50,000 businesses trust Melio for their payment needs
  • Enterprise-grade solutions for high volume merchants
  • Millions of businesses worldwide are powered by Shopify
  • Over $200 billion USD in sales made with Shopify
  • Try Shopify free for 14 days no credit card required
What are the benefits?
  • Fast and Reliable Payments
  • Flexible payment options
  • Seamless Payment Process
  • Secure Transactions Guaranteed
  • Easy to use and easy to setup
  • Integrates well with external providers
  • Over 3000 apps to plugin
Things to look out for
  • Limited language support
  • Limited payment options
  • No Mobile App
  • Pricing transparency missing
  • Can be more expensive over time
  • High transaction fees
  • Relies on third party apps for many features
Who is it for?
  • Accountants
  • Accounts Payable Managers
  • Bookkeepers
  • Entrepreneurs
  • Financial Managers
  • Freelancers
  • Procurement Managers
  • Small Business Owners
  • Sole Traders
  • Startups
  • Dropshippers
  • Ecommerce Professionals
  • Entrepreneurs
  • Freelancers
  • Retailers
  • Small Business Owners
  • Wholesalers
Features

Accountants

Melio

As a business owner, you know that managing payments can be a time-consuming and frustrating task.

Luckily, Melio Payments is here to help.

Our platform offers a seamless and easy-to-use solution for managing all your payment needs.

Here's why Melio Payments is the best option for your business:

Streamlined Payment Process

Melio Payments makes the payment process simple and easy.

With just a few clicks, you can pay all your bills, vendors, and suppliers in one place.

Our platform integrates with your accounting software, so you can manage your payments and invoices all in one place.

No more logging into multiple accounts or dealing with complex spreadsheets.

Our platform also offers a range of payment options, including ACH bank transfers and debit card payments.

This means you can pay anyone, anywhere, at any time.

Plus, our payment process is fast and secure, so you can rest assured that your payments are always safe.

Save Time and Money

Managing payments can be a time-consuming and expensive task.

Melio Payments helps you save time and money by automating your payment process.

Our platform streamlines your payments and eliminates the need for manual data entry, reducing the risk of errors and saving you valuable time.

Plus, our platform is free to use for all payments made by bank transfers.

This means you can save money on transaction fees and other payment-related costs.

And if you need to make a payment by debit card, our fees are among the lowest in the industry.

Effortless Payment Tracking

Melio Payments makes it easy to track and manage your payments.

Our platform provides real-time updates on the status of your payments, so you always know where your money is.

You can also set up automatic payment reminders, so you never miss a payment deadline again.

Our platform also offers a range of reporting tools, so you can easily track your payment history and analyze your spending.

This helps you make better financial decisions and stay on top of your business finances.

Get Started with Melio Payments Today

Ready to streamline your payment process and save time and money? Sign up for Melio Payments today.

Our platform is easy to use and offers a range of payment options to suit your needs.

Plus, our fees are among the lowest in the industry, so you can save money on transaction costs.

With Melio Payments, you can manage all your payments in one place and stay on top of your business finances.

Sign up today and start enjoying the benefits of a streamlined payment process.

Help & Support

Is there a limit to the amount of payments that can be made using Melio Payments?
No, there is no limit to the amount of payments that can be made using Melio Payments.
Is there a fee for using Melio Payments?
Melio Payments is free to use for businesses paying their bills and vendors. There may be fees for expedited payments or for payments made using a credit card.
Is Melio Payments available outside of the United States?
No, Melio Payments is currently only available for businesses operating within the United States.
What is Melio Payments?
Melio Payments is a payment platform that allows businesses to pay their bills and vendors electronically, saving time and money.
How does Melio Payments work?
Melio Payments allows businesses to pay their bills and vendors electronically. Simply enter the payment details and Melio Payments will send the payment electronically to the recipient.
What types of payments can be made using Melio Payments?
Melio Payments can be used to pay any bill or vendor that accepts electronic payments. This includes rent, utilities, contractors, and more.
Is Melio Payments secure?
Yes, Melio Payments uses bank-level security and encryption to protect your payment information.
How long does it take for payments to be processed?
Payments made using Melio Payments are typically processed within 2-3 business days.

Shopify

Millions of businesses in 175 countries around the world have made over $200 billion USD in sales using Shopify.

Help & Support

What Exactly Does Shopify Do?

Shopify is an online platform which helps you to bring together all the tools you need to manage an online store. You can build and customise an online store and also sell online or offline (for example face-to-face in a market, shopping centre) as well as social media integration.

Is Shopify Good For Beginners?

Shopify is an excellent choice for people starting out their own business, but there's many things you need to consider, and it will take a little effort on your part. First of all, you need a great product to sell.

But once you've decided you need an online shop, Shopify can take out all of the headache of building a website, setting up a payment merchant and invoicing, email communications and shipping updates.

Can I Build A Shopify Store Myself?

It's really easy to setup Shopify without coding, and in less than an hour you can have your own online store. It's probably one of the main reasons that Shopify is probably the most popular online store platform.

How Much Does It Cost To Set Up A Shopify Store?

The monthly subscription fee starts from as low as $29 USD for the basic plan. Use Shopify Payments and pay no transaction fee. If you choose an external payment gateway, there will be additional fees of 2%, 1% or 0.5% for Basic Shopify, Shopify, and Advanced Shopify plans, respectively.

However to make your store a success, you'll also want to get a custom logo, branding and other marketing materials. Overall, expect to pay somewhere between $2,000 to $3,000 to get started.

How do I set up a Shopify store step by step?

It's easy to setup a Shopify store, in less than 15 minutes.

  1. Signup for Shopify and add products to your store
  2. Customise the branding and look of your website
  3. Setup a custom domain, to improve trust and brand identity
  4. Activate your merchant provider, to accept payments
Can you make money on Shopify?

Shopify is a platform that allows you to sell anything to anyone. As long as you have a business idea, and strong processes for designing, building and fulfilling a product or service, you can sell on Shopify.

Is Shopify easy to set up?

It's the fastest way to get online and start selling, without having to worry about setting up a website or merchant payment facilities.

Can I use Shopify POS if I have multiple cash registers in use at the same time?

Yes. You can install Shopify POS on multiple devices, and you won’t be charged any extra. Store activity on all devices is synchronized with your Shopify admin.

What does Shopify POS do?

Shopify POS is an application for iOS and Android devices that you can use for transactions in a physical store or pop-up setting. Find products, process orders, take payment, swipe credit cards, produce receipts, and control it all from your iPad or mobile device. All the background management of your store is done from your Shopify admin, which you can access using any browser.

Do I need a web host?

Shopify includes secure, unlimited ecommerce hosting on all plans except Shopify Lite. You can also use the Buy Button to add ecommerce to any existing website.

Can I use my own domain name?

Yes. You can purchase a domain name within Shopify, or use an existing one that you own. We also provide a free myshopify.com domain name to all stores on sign up.

Can I use a third party payment provider with Shopify?

Yes, Shopify supports many third party payment providers. Shopify uses a variety of third-party payment providers, including PayPal, Stripe, Authorize.net, and Amazon Payments.

Are there any transaction fees?

Use Shopify Payments and pay no transaction fee. If you choose an external payment gateway, there will be additional fees of 2%, 1% or 0.5% for our Basic Shopify, Shopify, and Advanced Shopify plans, respectively.

Is Shopify PCI Compliant or PCI Certified?

Yes. Shopify is certified Level 1 PCI DSS compliant. This means all your data and customer information is ultra secure.

Can I change my plan later on?

Absolutely! You can upgrade or downgrade your plan at any time.

Do you offer any discounted plans?

Yes, Shopify offer a 10% discount on annual plans and a 20% discount on biennial plans, when they are paid upfront.

How long are Shopify contracts?

All Shopify plans are month to month unless you sign up for an annual or biennial plan.

Can I cancel my account at any time?

Yes. If you ever decide that Shopify isn’t the best ecommerce platform for your business, simply cancel your account.

Do I need to enter my payment details to sign up?

No. You can sign up and use Shopify for 14 days without entering your payment details. At the end of your trial, or when you decide to launch your store, you will need to pick a plan and enter your payment details.

Is there a setup fee?

No. There are no setup fees on any of Shopify plans.


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