• Melio, a B2B payments platform for small businesses, collaborated with Shopify Inc (NYSE: SHOP) to power Shopify Bill Pay, an accounts payable solution likely to transform how Shopify merchants pay and manage their bills.

• Through Shopify Bill Pay, merchants will now have the ability to pay and manage their vendors and contractors in the same place they run their business: through their Shopify admin.

• Also Read: Analyst Predicts Shopify Revenue Growth To Exceed Pre-Covid Levels, Sees Significant Upside

• Matan Bar, Melio's CEO and co-founder said, "Shopify Bill Pay will bring a whole new experience to merchants who are overwhelmed by managing their cash flow and inventories, preparing their stock for busy seasons, and keeping track of each vendor's payment requirements."

• Shopify Bill Pay enables merchants to pay bills with their preferred method (credit, bank, or wire transfer) and allows them to choose how the vendor receives the payment separately (check, bank, or wire transfer).

• Merchants can pay their invoices for everything ranging from inventory and shipping to advertising in the U.S. and abroad, as Melio supports payments to 100 countries.

• Price Action: SHOP shares traded lower by 1.68% at $48.12 on the last check Monday.

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This article All-in-One Commerce: Shopify Introduces Bill Pay Solution, Empowering Merchants & Simplifying Finances originally appeared on Benzinga.com

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