Melio vs Wave
A detailed comparison of Melio and Wave in 2026. Compare pricing plans, features, and find out which finance service is right for you.
Melio
Business payments platform for paying vendors and managing accounts payable
Melio is a financial and accounting service that provides business payments platform for paying vendors and managing accounts payable. Founded in 2018 and headquartered in New York, New York, Melio offers 2 pricing plans. It offers a free tier as well as paid plans starting from $19.99/month. Key features include Vendor payments, ACH transfers, Check payments, Sync with accounting. Melio is a popular choice for users looking for quality finance subscriptions.
Wave
Free accounting and invoicing for small businesses
Wave is a financial and accounting service that provides free accounting and invoicing for small businesses. Founded in 2010 and headquartered in Toronto, Canada, Wave offers 2 pricing plans. It offers a free tier as well as paid plans starting from $16/month. Key features include Free accounting, Invoicing, Receipts scanning, Payments. Wave is a popular choice for users looking for quality finance subscriptions.
Feature Comparison
Side-by-side comparison of features and capabilities
| Feature | Melio | Wave |
|---|---|---|
| Starting Price | Free | Free |
| Plans Available | 2 | 2 |
| Year Founded | 2018 | 2010 |
| Headquarters | New York, New York | Toronto, Canada |
| Vendor payments | ||
| ACH transfers | ||
| Check payments | ||
| Sync with accounting | ||
| Approval workflows | ||
| Free accounting | ||
| Invoicing | ||
| Receipts scanning | ||
| Payments | ||
| Payroll | ||
| Reports |
Pricing Comparison
Compare all available plans and pricing tiers
Melio Pricing
Wave Pricing
Frequently Asked Questions
Is Melio or Wave better in 2026?
Both Melio and Wave are excellent finance services. Melio offers Vendor payments and ACH transfers, while Wave features Free accounting and Invoicing. The best choice depends on your specific needs and budget.
How much does Melio cost compared to Wave?
Melio starts at $19.99/month, while Wave starts at $16/month. Both offer multiple pricing tiers to fit different budgets.
Can I track both Melio and Wave subscriptions?
Yes! TrackMySubscriptions lets you track all your subscriptions in one place, including Melio and Wave. Get renewal alerts, spending analytics, and never miss a payment — 100% free.
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Track Both Services in One Dashboard
Whether you choose Melio, Wave, or both — track all your subscriptions in one place with smart alerts and analytics.