Why MFC Outshines Plastiq and Melio for Business Payment Solutions and Funding
When comparing business payment solutions, it’s not just about who can process a transaction—it’s about who can do it safely, strategically, and in a way that protects your business. While Plastiq and Melio offer surface-level flexibility for vendor payments, they fall short in one critical area: compliance and control.
Neither platform allows for true credit liquidation or conversion, and attempting to work around their systems can violate terms of service, both for the platform and your credit card provider. This puts your funds—and your cards at risk. That’s why more growth-focused businesses are turning to MFC (MF Capital): a compliant, credit-backed funding partner with no limits, no games, and no broken rules.
Let’s break down what each platform actually offers—and why MFC is the smarter choice for businesses looking to scale.
Plastiq: Convenient, But Risky and Limited
Plastiq allows you to pay virtually any bill using a credit card—even when the vendor doesn’t accept cards. That’s useful in theory, but using Plastiq this way comes with significant limitations.
Pros:
Use credit cards for payments to non-card-accepting vendors
Can help with short-term liquidity
Cons:
Charges a ~2.9% fee on all card transactions
No direct access to business funding
Requires invoices and documentation for most payments
Using the platform for credit conversion may violate terms of service and put your cards at risk
Verdict: Good for occasional flexibility, but not ideal for sustained growth or larger businesses.
Melio: Simple and User-Friendly, But Not Built for Scale
Melio is a clean, intuitive platform best suited for small businesses and solopreneurs who want to manage invoice payments. It offers free ACH transfers and card payments for a fee, but it’s more of a payment processor than a financial growth partner.
Pros:
Free ACH payments
Clean dashboard and QuickBooks integration
Card payments available (with fees)
Cons:
Business funding only available via third-party lenders
Requires documentation for payments
Risk of compliance issues when attempting to liquidate credit
Transaction limits can slow down larger businesses
Verdict: Perfect for freelancers and very small businesses, but lacks the tools to support larger financial strategies.
MFC: Strategic, Scalable, Compliant
Unlike Plastiq or Melio, MFC is more than just a payment processor—it’s a full-scale business funding solution, built to support companies looking to scale. Whether you’re navigating a slow season or preparing for expansion, MFC helps you access capital and extend credit to vendors—even those who don’t accept cards.
Here’s What Sets MFC Apart:
Credit-Backed Vendor Payments
Flexible Repayment Terms Tailored to Your Business
True Business Funding and Working Capital
No Limits on Payment Amounts
100% TOS Compliant - No Workarounds or Risk
Dedicated Rep & Strategic Support
Instead of high fees or limited functionality, MFC offers a strategic financial advantage that grows with your business.
Verdict: Built for businesses serious about scaling, with real tools, real funding, and real flexibility.
How MFC Stacks Up Against Plastiq and Melio
Final Take: Why MFC Is the Smartest Choice for Growing Businesses
If you're looking for a short-term solution to float a vendor payment, Plastiq or Melio may seem like a viable option—but they come with significant limitations.
Neither platform allows for compliant credit conversion, and trying to do so means walking a fine line with both platform and credit card terms of service. That can lead to frozen funds, closed cards, rejected payments, or even account bans. Plus, transaction limits and documentation requirements make it difficult to move fast—especially when your business is growing.
✅ With MFC, You Get:
Direct, credit-backed vendor payments
No invoices, fake labeling, or workaround tactics
No limits
No risk of breaking terms of service
A funding partner that grows with you
