Veem
About Veem
Awards and Recognition
Veem Pricing
One flat platform fee for all accounts. Get access to all platform features for a flat monthly fee of $14.99 USD ($18.99 CAD). - 2 free transactions per month. Accounts will only be charged after their 2nd completed transaction. - ACH/EFT $0 send/receive - Fast Transfer 0.5% for same or next day ACH - Check (US only) $1.99 to send - Veem Wallet $0 send/receive - International wires $0 fees and competitive exchange rates - Global Credit card 2.9% - Global Debit card 1% - Global Instant deposit 1% – min. $1.50
Starting price:
$14.99 per month
Free trial:
Not Available
Free version:
Available
Most Helpful Reviews for Veem
1 - 5 of 40 Reviews
Dnyanoba
Verified reviewer
Pharmaceuticals, 10,000+ employees
Used daily for less than 2 years
OVERALL RATING:
5
EASE OF USE
5
VALUE FOR MONEY
5
CUSTOMER SUPPORT
4
FUNCTIONALITY
4
Reviewed January 2023
Veem for all accounting needs
We are enjoying with veem, as it gives a simple way to do for such a complicated things.
PROSEasy and user friendly interface, can accept or make a payment in any currency in any way.We can make an invoices in any currency
CONSReports templates of billing and invoicing can be better with good diagrams and charts for easy understanding.
Reasons for switching to Veem
Cost of salesforce is more than veem and also support from veem team is awesome.
Jamie
Translation and Localization, 1 employee
Used weekly for less than 2 years
OVERALL RATING:
5
EASE OF USE
5
VALUE FOR MONEY
5
CUSTOMER SUPPORT
5
FUNCTIONALITY
5
Reviewed February 2022
Great way to pay vendors for free
It was a pain to send checks back and forth with vendors and clients, but now I can pay them directly through Veem with no fees at all. It's the best tool I've found for this purpose.
PROSIt is a great way to pay my vendors for free. They just have to get a free account and then I can transfer them money directly. It even integrates with Xero so I don't have to recreate invoices that are already in my accounting software.
CONSSometimes vendors are nervous about setting up their bank info in a new app, but Veem is really secure and they have nothing to worry about
Reason for choosing Veem
Stripe charges fees, but Veem does not
Reasons for switching to Veem
Google Pay wasn't compatible with business bank accounts, and Veem is
Vendor Response
Hi Jamie, Thank you for taking the time to leave your comments. Your feedback helps us improve service for everyone.
Replied April 2022
Terry
Marketing and Advertising, 2-10 employees
Used monthly for less than 2 years
OVERALL RATING:
4
EASE OF USE
5
VALUE FOR MONEY
5
CUSTOMER SUPPORT
2
FUNCTIONALITY
5
Reviewed April 2024
Playing the blame game. Payments not delivered.
I have sent over $80k USD through the years, mostly all transactions under $1000. I have had one other issue in the past but it was resolved within a week. To me. It appears they have given up on any customer concerns and are making up for it in volume. No support with an issue regarding money makes this nothing but a gamble.
PROSEasy and convenient to use. Most transactions go smoothly.
CONSI sent a vendor a payment of about $285.00 USD. This was 4 days short of a month ago. Veem claimed it was delivered but the receiving bank has no record. We have provided all documentation requested but "support" has gone silent after saying their partner is looking into the issue.
Reason for choosing Veem
Ease of use and cost of transactions. But not any more.
Reasons for switching to Veem
Easier to send money internationally. At the beginning the rates were lower.
Ekalavya
Verified reviewer
Marketing and Advertising, 51-200 employees
Used daily for less than 6 months
OVERALL RATING:
1
EASE OF USE
1
VALUE FOR MONEY
1
CUSTOMER SUPPORT
1
FUNCTIONALITY
1
Reviewed September 2022
Never Trust Veem With Your Domestic and International Transfers
So terrible that we are never going to trust them with even a dollar on our bank accounts.
PROSThe platform has an easy to use Dashboard and an easy invoicing process helps businesses.
CONSNever trust Veem with any of your domestic and international transfers to your contractors/vendors. We used them to pay our subsidiaries and our payments never reached the beneficiary accounts. I finally had to write an email to their [SENSITIVE CONTENT] who has been connected on my LinkedIn for over 7 years. Guess what, the [SENSITIVE CONTENT] never replied back. Their website claims all payments to be delivered in beneficiary accounts by 2nd or 3rd business day which is never the case in majority of the transactions. We initiated 7 Transactions and none of them even landed. Their payment tracker is not real-time either as claimed.
Reasons for switching to Veem
They claimed fastest payment delivery to international vendors.
Tyler
Hospital & Health Care, 2-10 employees
Used daily for more than 2 years
OVERALL RATING:
5
EASE OF USE
5
VALUE FOR MONEY
5
CUSTOMER SUPPORT
5
FUNCTIONALITY
5
Reviewed April 2022
VEEM Should Be The Bank
Perfect.
PROSVEEM makes payment processing so easy that I barely think about it. I wish they would implement a full checking product so I never have to log into a traditional bank again.
CONSWhy is there not an iPhone app? Mobile works well, but come on! :)
Reason for choosing Veem
Less Cost, Easier
Reasons for switching to Veem
Because it was too common sense to not switch.
