Small businesses can pay vendors and business bills in monthly installments, while their suppliers get paid in full and on time.

Melio, a leading B2B payments platform for small businesses, has introduced a new product called “Pay Over Time,” offering flexible payment terms to help small businesses pay vendors and bills. Powered by Credit Key, the service allows eligible small businesses to access up to $50,000 in capital instantly through their Melio account. With Pay Over Time, business owners can choose to pay their bills in monthly installments over an extended period, while ensuring their vendors receive full and timely payments.

According to Matan Bar, Melio’s CEO, this Accounts Payable service gives small businesses greater flexibility in aligning their spending and income. The product enables businesses to opt for net 30 terms or up to 12 equal monthly payments, reducing the burden of traditional payment deadlines set by vendors. (Cision PR Newswire)

Ilan Atias, Melio’s CTO, emphasized that Pay Over Time is a game-changer for small businesses due to its ease of use, providing quick access to financing embedded directly into their payment flow.

This innovative offering is part of Melio’s mission to support small businesses, following recent launches of its mobile app and a partnership with Shopify, allowing U.S. merchants to manage their bills from their Shopify admin.

Melio is a fast-growing B2B payments technology company facilitating seamless payments for small and medium-sized businesses. Its Accounts Payable and Receivable services are available through financial institutions, software providers, and marketplaces, improving cash flow and workflow for businesses. The company, founded in 2018, has headquarters in New York, an R&D center in Tel Aviv, and western U.S. headquarters in Colorado.

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