(4.0 / 5)1840+ Ratings

Veem Reviews

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Overall Rating

4.0

9 Reviews

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About Veem

Veem is your all-in-one payment solution, catering to your diverse business needs at a fraction of the cost. With Veem, you can easily send and receive payments with enhanced flexibility. The platform ensures simplicity and transparency for both the sender and receiver, offering competitive rates on international payments and a wider range of payment method options.

Security is a top priority at Veem, with the trust of over 700,000 users worldwide. The platform is designed with robust data security and privacy practices, adhering to strict compliance standards. Veem implements strong password policies, multi-factor authentication, and comprehensive payment and network protections.

Veem Pros & Cons

Here are some pros and cons of using Veem.com:

Pros:

Easy and user-friendly interface: Veem.com has a simple and intuitive interface that makes it easy to use.
Multiple payment options: Users can accept or make a payment in any currency.
Invoicing capabilities: Users can create invoices in any currency.
Free to use: Some users have mentioned that they love how Veem is free to use and it is easy to send and receive payments.

Cons:

Reports and invoicing: Some users have mentioned that the reports templates of billing and invoicing can be better with good diagrams and charts for easy understanding.
Unintended invitations: Some users have reported that they were embarrassed that some of their contacts received what could look like spam to other contacts.
Errors with certain vendors: Some users have reported getting errors every week when paying certain vendors.

Please note that these pros and cons are based on user reviews and experiences, and actual experiences may vary. It's always a good idea to try out the service to see if it meets your specific needs.

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Veem Customer Reviews (9)

0/5

Bauddin Karataev

Verified Buyer

Jun 22, 2023

Benjamin Marshall

Verified Buyer

Jun 22, 2023

Tom Turner

Verified Buyer

Jun 22, 2023

Henry Nolan

Verified Buyer

Jun 20, 2023

Jackson Webb

Verified Buyer

Jun 18, 2023

Laerke Lind

Verified Buyer

Jun 18, 2023

Silke Gottlieb

Verified Buyer

Jun 17, 2023

William Bell

Verified Buyer

Jun 17, 2023

Ralph Mitchell

Verified Buyer

Jun 17, 2023

Veem Customer’s Q&A

No question yet

Veem Features and Benefits

Veem.com is a platform designed with simplicity in mind, enabling businesses to pay and get paid in over 100 countries in just seconds. Here are some key features and benefits:

Multiple payment options: Veem offers businesses quicker and more affordable ways to send and collect payments and improve cash flow.
Real-time payments and detailed tracking: Businesses can track their transactions in real-time.
Streamlined payables and receivables: Veem allows businesses to streamline their payables and receivables.
Easy domestic and international bill pay and invoicing: Veem provides an end-to-end solution for businesses to make payments locally and abroad.
Payment flexibility: Businesses can pay with Bank Transfer/EFT, International Payments, check, credit or debit card, or Veem digital wallet.
Approval workflows: Once scheduled, your bill is automatically routed for approval based on your custom workflow configuration.
Automatic payment reconciliation: Veem eliminates double data-entry and errors with automatic payment reconciliation with your accounting software.
Integration with accounting software: Veem syncs with leading accounting software like QuickBooks, Xero, and NetSuite Online.
Invoice Capture (OCR): This feature allows businesses to capture and process invoices automatically.

These features make Veem a comprehensive solution for businesses to manage their payments efficiently. It's important to note that the actual benefits may vary depending on the specific needs and requirements of the business.

Veem Pricing

Veem.com offers three plans to meet all your payment needs:

Free Plan: This plan allows you to send, receive, request, and schedule payments anywhere that Veem services. It includes basic features like payment tracking and instant deposit.
Premium Plan ($19.99 USD / $24.99 CAD per month): In addition to the basic features, this plan offers access to additional time-saving features and automations. It includes customizable approval workflows, mass pay, exclusive pricing for unlimited free domestic transfers, and real-time sync with QuickBooks Online, Netsuite, and Xero.
Full Service Plan ($199.99 USD / $249.99 CAD per month): This plan offers seamless payment management, dedicated account support, and easy reporting. It includes full service for payables and receivables management, priority support, and 1099 reporting.

Veem's pricing is transparent and straightforward. With no hidden fees, you can easily calculate the cost of your international transactions. Please note that the actual costs may vary depending on the specific needs and requirements of the business.

Payment Method

Veem.com offers a variety of payment methods to cater to the diverse needs of businesses. Here are some of the payment methods available:

Bank Transfer/EFT: This is a traditional method where you can send international or ACH/EFT payments from your bank account.
International Payments: Veem allows businesses to make payments to vendors and suppliers in over 100 countries.
Check: Businesses can also make payments via check.
Credit or Debit Card: Businesses can use their credit or debit card to send international/ACH/EFT payments.
Veem Digital Wallet: Businesses can use the Veem digital wallet to make payments.

These options provide flexibility and convenience, making it easier for businesses to manage their payments efficiently. Please note that the actual payment methods available may vary depending on the specific needs and requirements of the business.

Veem FAQs

Veem Alternatives

Here are some of the top alternatives to Veem.com:

BILL AP/AR: A leader in financial automation software for small and midsize businesses.
Gusto: Offers payroll, benefits, and HR solutions.
Remote: Provides global HR solutions for the future of work.
Paypal: A well-known platform for online payments.
Amazon Pay for Business: Allows customers to check-in and checkout using information already stored in their Amazon account.
TallyPrime: A business management software.
Vyapar: A free billing software for small business.
CCAvenue: A payment gateway solution provider.
Horizon ERP: A ready-to-use off-the-shelf product for small businesses.
Swipez Billing: A free billing software for businesses.

These alternatives offer similar benefits at competitive prices. Please note that the actual experiences may vary depending on the specific needs and requirements of the business.

How To Open A Veem Account?

Opening an account on Veem.com is a straightforward process. Here are the steps:

Sign Up: Click "Sign Up" on the home page of Veem.com. Sign in with either Intuit or Google, or sign up with an email.
Set Up 2FA: Directed to set up 2FA for added security. This step can be skipped and set up later.
Select Account Type: Select "Individual" as the type of account to create. Provide the following details: Legal Name, Address, Phone number, Tax ID number, Date of birth.
Invitation: Indicate whether invited to use Veem by another Veem user (Yes/No).
Payment Information: Provide bank, debit, or credit card information for sending or receiving payments on Veem. This step can be skipped for now.
Verify Email: After completing these steps, an email will be received asking to verify the email. Click - Verify.

After these steps, the Veem account is ready, and payments can be sent and received. The email address used to create the account can be shared with the payer so they can send payments. Alternatively, an invoice can be sent.

How does Veem differ from a bank?

Veem stands out from banks by utilizing more efficient "payment rails" or systems for transferring funds. Unlike banks, which often rely on multiple intermediary banks to facilitate international transfers, Veem enables direct transfers to the receiving bank. This streamlined approach eliminates the need for intermediaries and reduces associated fees and delays, saving you time and money.

How long does it take to verify an account with Veem?

The time required for account verification depends on the businesses involved and their location. In most cases, verification is instant. However, in some instances, it may take up to 3 business days. Please note that theỉ compliance checks are performed to ensure your security and peace of mind.

Why is it necessary to verify my Veem account?

Account verification is a requirement based on government regulations and compliance policies. It enables Veem to release funds into your account securely. Even before verification, you can still complete your profile, send and receive invoices. However, once you reach your payment threshold, you will be prompted to verify your account.

Can I manage multiple users with my Veem account?

Yes, Veem allows you to add multiple users to your account and assign them specific roles to assist you in managing user access. They offer different roles with varying levels of access.