Member Exclusive, Payments

Capital One launches new flexible payment options for small business customers

  • Cash flow problems are among the biggest challenges facing small businesses, particularly during the pandemic.
  • Payments startup Melio will provide access to accounts payable and receivable cash flow management tools for Capital One’s SMB customers.
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Capital One launches new flexible payment options for small business customers

Capital One is bringing flexible payment options and improved cash flow to its small business customers by enabling them to make credit card payments even where they are generally not accepted.

Through a collaboration with B2B payments startup Melio, Capital One’s small business customers can now pay their bills via credit card to vendors all across the U.S., including those who prefer direct bank or wire transfers, as well as paper checks. Melio pays these vendors using their preferred payment method without requiring them to open a Melio account.

Capital One’s small business customers get a discount on all credit card purchases in the first year after signing up for the service. Alternatively, they can choose to pay their bills online for free with an ACH transfer or debit card. 

Since its inception in 2018, Melio has raised $256 million from investors including Coatue, Accel, General Catalyst, Aleph and Bessemer. Earlier this year, the firm closed a $110 million funding round to reach a valuation of $1.3 billion. 


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