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Compared Plooto and Melio for cross-border B2B payments and one completely flopped on speed
Plooto cleared a USD payment to a US vendor in 2 days but Melio took 6 business days for the same thing, has anyone else found a faster option for getting money to US suppliers?
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matthewmartin7d ago
Melio was just as painful for me, I ended up waiting a full week for a payment to hit a supplier in California. Plooto is way better for speed, I had the money there in under 48 hours too. I tried TransferWise (Wise) for a few payments and it was usually 3-4 days, not as fast as Plooto but way better than Melio's mess. Honestly that kind of delay with Melio is brutal when you're dealing with vendors who want their money yesterday.
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blair_martin5d ago
Man who got burned by Melio too? I tried it once for a vendor in Texas and it took almost 10 days to clear. That was the last time I used them. Plooto is definitely the way to go if you need things to move fast, I've had payments go through in like 24 hours sometimes. It's just a relief not to have to babysit every payment or get angry calls from suppliers asking where their money is.
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