Melio vs Wave Financial

Melio is a payment platform designed to simplify business-to-business (B2B) transactions for small and medium-sized businesses.

It allows companies to pay bills, vendors, and contractors using bank transfers or credit cards, even if recipients only accept bank deposits.

This flexibility helps businesses manage cash flow while also earning credit card rewards. Melio’s intuitive dashboard makes it easy to schedule, track, and approve payments, ensuring better financial control.

Unlike traditional payment systems, Melio requires no subscription fees—users pay only transaction fees for credit card payments. It also integrates seamlessly with accounting platforms like QuickBooks, reducing manual entry and bookkeeping errors.

Wave Financial is a free financial management platform designed for small businesses, freelancers, and entrepreneurs. It provides an easy-to-use suite of tools that includes accounting, invoicing, payments, payroll, and receipt scanning.

With its intuitive interface, users can track income and expenses, create professional invoices, and accept online payments without needing advanced financial knowledge.

Wave stands out because its accounting and invoicing tools are completely free, making it especially attractive for startups and small teams with limited budgets. Paid features include payroll services and credit card processing, giving businesses flexibility to grow at their own pace.