Software Alternatives & Reviews

Melio VS Morningstar Direct

Compare Melio VS Morningstar Direct and see what are their differences

Melio logo Melio

A digital bill payment solution for small businesses. Pay and get paid for invoices quickly, simply, and without any of the usual costs. Increase cash-flow and reduce hassles by scheduling payments with bank transfers, debit cards, or credit cards.

Morningstar Direct logo Morningstar Direct

Morningstar Direct is a web-based investment management software that offers you a wide range of features and tools to invest in potential opportunities.
  • Melio Landing page
    Landing page //
    2023-03-10

Melio allows small businesses to take control of their cash flow with flexible business payments. A free and easy-to-use B2B payment solution, Melio has no setup or monthly fees. It helps small businesses in the US pay any business expense by ACH bank transfer or credit card - even where cards aren’t accepted. And vendors still get paid their way - by check or bank transfer.

Why Melio: Pay any invoice with a bank transfer for FREE, or use your credit card to defer payment (2.9% fee). Vendors receive a check or bank deposit. Pay with a credit card and hold onto cash for up to 45 extra days. Collect points and rewards along the way. The platform is user friendly, reduces costs. saves you time, and enables SMBs to focus their business rather than logistics. It has a seamless sync with QuickBooks and Xero, which eliminates a dual entry of vendor/bill information.

Currently, Melio is available to small businesses in the US only, though it enables international payments.

  • Morningstar Direct Landing page
    Landing page //
    2023-07-06

Melio videos

Pay Your Vendors Like A Tech Smart Boss With Melio (Onboarding and Review)

More videos:

  • Demo - Melio Demo with David Leary

Morningstar Direct videos

Morningstar Direct is Everything Morningstar

More videos:

  • Review - Discover how Morningstar Direct powers our research team’s insights

Category Popularity

0-100% (relative to Melio and Morningstar Direct)
Online Payments
100 100%
0% 0
Finance
0 0%
100% 100
Accounts Payable
100 100%
0% 0
Tool
0 0%
100% 100

User comments

Share your experience with using Melio and Morningstar Direct. For example, how are they different and which one is better?
Log in or Post with

Reviews

These are some of the external sources and on-site user reviews we've used to compare Melio and Morningstar Direct

Melio Reviews

4 Best Bill.com Competitors And Alternatives (2022)
This is no reason to be discouraged. There are Bill.com competitors out there, Melio ranking at the top, that are tailor made for small businesses like yours. Melio has a simple, yet fitting tool set, at an incredibly affordable rate for any small business. That’s why I would recommend Melio over Bill.com for any small business in the US.
Source: smbillion.com

Morningstar Direct Reviews

We have no reviews of Morningstar Direct yet.
Be the first one to post

Social recommendations and mentions

Based on our record, Melio seems to be more popular. It has been mentiond 4 times since March 2021. We are tracking product recommendations and mentions on various public social media platforms and blogs. They can help you identify which product is more popular and what people think of it.

Melio mentions (4)

  • How open are you with your account and routing numbers?
    I Use Melio Payments (https://meliopayments.com/) - You can set up a free account and you can have them send you money or you can send out money via ACH (which is free) or use a debit or credit card account (Fee associated). I use it to pay my sub contractors weekly. You can only see the last 4 digits of the banking info once you have sent or received it. Ive been using them for almost 2 years and no complains. Source: about 1 year ago
  • Amex Business Plat To Pay Invoices
    You can look into https://meliopayments.com/ . They're basically Plastiq for businesses and support Amex, but they're gonna have a fee. So unless you're trying to hit a SUB, it's not gonna be worth it. Source: about 1 year ago
  • I said what I said
    Looking around for 2 seconds I found this.. https://meliopayments.com. Source: over 1 year ago
  • Invoicing app that is not too fancy.
    Oh Sorry. I didn't realize. I had a vendor just switch to Melio. They're similar in that you can choose a wire or a card etc. Maybe that'll work? meliopayments.com. Source: over 2 years ago

Morningstar Direct mentions (0)

We have not tracked any mentions of Morningstar Direct yet. Tracking of Morningstar Direct recommendations started around Apr 2022.

What are some alternatives?

When comparing Melio and Morningstar Direct, you can also consider the following products

Bill.com - Bill.com provides ACH payments processing, automates your accounts payable and accounts receivable processes.

BlackRock Aladdin - BlackRock Aladdin is an advanced-level portfolio management software that helps you to manage and view your daily investment under the guidance of highly trained investment professionals.

Wise - Currency exchange Banks and other providers could charge you up to 5% in hidden costs when sending ...

Envestnet Platform - Envestnet Platform is an advanced-level platform that is used to find the best potential opportunities to invest and it helps you to optimize your processes related to wealth management.

Metaprise - Pay & Get Paid The Way You Want.

Croesus Advisor - Croesus Advisor has been giving portfolio based programming and business knowledge-focused services to the monetary administrations’ industry in North America.