When I first signed-up for Melio to perform online payments to my vendors, I expected payments to take 1-3 business days. However, I've found the payments to consistently take 4-5 business days. Most recently, vendors complained that they received notifications that a payment was on its way on Friday, but as of Monday morning the funds were still not in their account.
In addition, I've found that scheduling in advance several online payments at a time may result in the payments failing to automatically match in the QBO bank feed once they funds are drawn. I then have to manually change the draw account on each payment back to my main checking account.
Why are Melio bill payments so slow? Melio came highly recommended by Quickbooks, so I was expecting a solid solution, but instead find it rather rickety. Any alternatives that make ACH payment of multiple vendors consistent, quick, and easy to book in QBO?
