Software Alternatives & Reviews

Melio VS Varo

Compare Melio VS Varo 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.

Varo logo Varo

Varo is an all-in-one mobile banking solution that helps you to manage your financial needs.
  • 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.

  • Varo Landing page
    Landing page //
    2023-05-14

Melio videos

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

More videos:

  • Demo - Melio Demo with David Leary

Varo videos

Varo Bank Review

More videos:

  • Review - Varo Bank Review: Best Online Bank Account of 2020?
  • Review - Chime Bank vs. Varo Bank | Which Account is Best?

Category Popularity

0-100% (relative to Melio and Varo)
Online Payments
100 100%
0% 0
Finance
0 0%
100% 100
Accounts Payable
100 100%
0% 0
Project Management
0 0%
100% 100

User comments

Share your experience with using Melio and Varo. For example, how are they different and which one is better?
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Reviews

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

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

Varo Reviews

Top 20 Best Plaid Alternatives in 2022
Varo is an all-in-one mobile banking app that assists you in managing your finances. The goal of this platform is to restore that relationship to banking, with the primary goal of improving customers’ financial lives. Every customer has the resources they require to improve their financial situation, as well as technology that enables more personalized assistance for a...

Social recommendations and mentions

Based on our record, Melio should be more popular than Varo. 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

Varo mentions (2)

  • How can I buy the dip now. Screw you big bank
    Https://varomoney.com or use Paypal with Coinbase. Source: over 2 years ago
  • Anybody else having problems with Plaid verification with Varo Bank?
    I have had the exact same problem. Plaid tries to use my credentials for varomoney.com instead of varobank.com. I can no longer even get a small loan if needed because of this. As far as I can see Varo has ventured out on their own and are failing miserably. It has been months and months of this nonsense. Source: about 3 years ago

What are some alternatives?

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

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

Chime - Group video conversations with your friends & community

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

MoneyLion - Moneylion is an advanced kind of fintech lender that changing the way people borrow and spend money.

Metaprise - Pay & Get Paid The Way You Want.

Bank Of America - Welcome to Bank of America, home for all of your financial needs. Our purpose is to help make financial lives better through the power of every connection.