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Melio teams up with Shopify to offer accounts payable solution for merchants

By Delisha Fernandes

April 25, 2023

  • Embedded Finance Offerings
  • financial news
  • FinTech
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MelioMelio, a payments platform for small businesses, has partnered with Shopify to power Shopify Bill Pay, an accounts payable solution that will transform how merchants pay and manage their business bills.

Matan Bar, Melio’s CEO and co-founder, said, “We are excited to announce this unique partnership with Shopify that will simplify merchants’ bill-paying experience providing them with more flexibility to help with their cash flow and saving them countless hours spent tracking invoices.”

Bar added ”Shopify Bill Pay will bring a whole new experience to merchants who are overwhelmed by managing their cash flow and inventories, preparing their stock for busy seasons and keeping track of each vendor’s payment requirements.”

Shopify Bill Pay enables merchants to pay bills with their preferred method and allows them to choose how the vendor receives the payment separately via check, bank, or wire transfer. Merchants can pay their invoices for everything ranging from inventory and shipping to advertising in the US and abroad, as Melio supports payments to 100 countries.

Shruti Patel, Global Head of Merchant Services Partnerships and Monetization at Shopify, said, “Shopify is committed to making commerce better for everyone, which is why we teamed up with Melio to power Shopify Bill Pay and free up our merchant’s time and resources, so they can focus on growing their business.”

This partnership marks Melio’s first embedded finance offering with a commerce platform. The company’s innovative payments technology is designed to be embedded into partners’ platforms, creating a seamless payments experience that does not require customers to leave their preferred platform.

 

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