TelPay for Business vs. Melio

For 35 years, Telpay, a Canadian company, has led the charge in delivering innovative, cost-effective, and secure electronic payment solutions, presenting a competitive alternative to the conventional practice of writing cheques for consumers, financial institutions, and businesses. Founded in 1985 as a research and development segment of Comcheq Services, a payroll company established by W.H. (Bill) Loewen, Telpay initially made waves with the introduction of the first telephone bill payment service. As it transitioned from telephonic offerings to a digital platform, Telpay has maintained a steadfast commitment to improving its services and has grown to become one of Canada’s most esteemed and largest independent electronic payment providers, processing more than $20.7 billion in payments just in 2019. The cornerstone of our services, Telpay for Business, was carefully developed by accountants for accountants, allowing for smooth electronic money transfers to replace traditional cheque payments. This solution works seamlessly with all major accounting software, granting business owners and accountants the ability to manage money transfers with both efficiency and precision. Committed to progressing alongside technological advancements, Telpay is dedicated to meeting the evolving demands of its clients in a fast-paced financial environment while continuously exploring new ways to enhance user experience. The company’s forward-thinking approach ensures its place as a leader in the electronic payment sector.

Melio serves as a streamlined accounts payable solution aimed at enhancing bill payment processes, optimizing operational workflows, and boosting cash flow management for businesses of all sizes. To get started, enjoy 90% off any premium plan for the first three months. Melio’s platform enables users to make payments to vendors via online bank transfers or credit and debit cards, even when those vendors only accept checks, which not only helps in managing cash flow but also allows users to earn rewards. Melio integrates seamlessly with accounting software such as QuickBooks and Xero, ensuring that your financial records remain current. With Melio, you’ll get to streamline your day-to-day work. Either input vendor information or bill details manually, upload documents, or take a photo of the invoice for quick processing—it’s incredibly user-friendly. Payments can be scheduled in alignment with your cash flow strategy, and Melio will make those payments happen. International vendors? Our platform facilitates payments to global vendors in USD or the local currency, ensuring smooth transactions for various services and products. This comprehensive approach makes managing accounts payable more efficient and less stressful than ever before. Finally, no matter where your business takes you, Melio can follow—just be sure to download the mobile app, available on iOS and Android, to manage your business payments on the go.