Melio vs Square
Melio
Free ACH bill pay and vendor payments for small businesses
Square
Point of sale and payment processing for restaurants, retail, and services
From$0/mo
FreeVerified Sep 26, 2026
How they differ
| Feature | Melio | Square |
|---|---|---|
| Entry price | Check price on vendor site | $0/moFree |
| Free plan | Yes | Yes |
| Free trial | Not stated | Not stated |
| Invoicing & payments | ||
| Point of sale | — | |
| Suits | plumbers, HVAC companies, electricians, roofers, landscapers | restaurants, salons & spas |
We don't have a verified price for both Melio and Square yet, so we can't chart the cost by team size. Check each vendor's pricing page.
Melio
Strengths
- Free ACH bank transfer payments to vendors
- Syncs payment records into QuickBooks and Xero
- Card payments available for vendors who don't accept ACH
Drawbacks
- Exact plan names and tier pricing were unclear on the current pricing page
- Card payments carry a processing fee on top of the free ACH option
Square
Strengths
- Free plan with no monthly fee; only pay processing fees per transaction
- Works across restaurants, retail, and appointment-based services
- Paid Plus and Premium tiers add more advanced features
Drawbacks
- Exact Plus/Premium subscription prices and processing rates are not published as static text (the pricing page loads them dynamically)
- Custom pricing (Square Pro) only kicks in above $250,000 in annual processing volume
Frequently asked questions
What do Melio and Square have in common?
Both cover invoicing & payments.
Which is cheaper, Melio or Square?
We can only answer that with prices verified on both vendors' pricing pages, and we don't have that for Melio right now. Check the vendor sites for current prices.