Question
Issues with Melio?
We are having issues with Melio bill payment: a full day's worth of payments from Melio were never received by multiple vendors and Melio did not notify us that payments made were still outstanding. Multiple vendors did not receive payments (all were supposedly sent by Melio on July 14). Melio did debit our bank account for each transaction on July 14, but simply failed to send the payments to the vendors. 2. There is no way to detirmine if a vendor has been paid except to go the the 'paid' tab on the dashboard and open each payment to detirmine if the vendor deposited the payment. There is no reporting function. I have asked Melio customer service to run an 'outstanding check' report on their system and send it to me. 3. The lack of notification of uncashed payments is shocking. In essecence Melio is living off the float (time between debit and when vendor cashes check) but more importantly Melio is keeping any funds that are lost in the mail or not deposited by the vendor. I was told by Melio that they send email out after 30 days of a payment not being cashed. I have never received a notification email. Melio stated that there was a 'bug' in their system and emails were not going out. After researching 'Melio issues' on internet, it is clear this lack of notification has been a known issues for at least a year.