Veem
Veem Reviews
& Product DetailsWhat is Veem?
Veem is a cutting-edge global payments platform designed to simplify and enhance business transactions across borders. With its primary focus on streamlining payables and receivables, Veem offers businesses the ability to make payments to vendors and suppliers in over 100 countries swiftly and efficiently.
The platform boasts of serving over 800,000 users and processing more than $10 billion. Veem’s core features include competitive foreign exchange rates, real-time payment tracking, and bank-level encryption, ensuring secure and transparent transactions.
Additionally, Veem provides flexible payment options, dedicated 24/7 multilingual support, and seamless back-office automation.
The platform’s commitment to innovation is evident in its continuous feature enhancements and its vast user base, making it a trusted solution for global business payments.
Best For
- StartUps
- Freelancers
- Small Business
- Medium Business
- Large Enterprise
- Non-profit Organization
- Personal
- Cloud, SaaS, Web-Based
- Mobile - Android
- Mobile - iPhone
- Mobile - iPad
- Desktop - Mac
- Desktop - Windows
- Desktop - Linux
- Desktop - Chromebook
- On-Premise - Windows
- On-Premise - Linux
-
Company Name
Veem
-
Located In
United States
-
Website
veem.com
Starting from:
FREE
Pricing Model: Subscription
- Free Trial
- Free Version
Pricing Details:
Veem offers two payment plans to cater to various business needs. Basic Plan is free and allows users to manage payables and receivables, send, receive, request, and schedule payments. Premium Plan costs $14.99 USD per month and includes all Basic plan features plus additional time-saving features and automations. The first two transactions on the Premium Plan are free. Both plans provide transparent fees for domestic and international transfers, with no hidden costs.
- ACH Payment Processing
- Accounts Payable
- Accounts Receivable
- Activity Dashboard
- Billing & Invoicing
- Multi-Currency
- Self Service Portal
Additional Features
- Invoice History
- API
- Customizable Branding
- Accounting Integration
- Third Party Integrations
- Online Invoicing
- Financial Reporting
- Invoice Creation
- Bank Reconciliation
- Invoice Processing
- Payment Processing
- Search/Filter
- Data Import/Export
- Reporting/Analytics
- Status Tracking
- Transaction Monitoring
- Data Security
- Multiple Payment Options
-
Cost Efficiency
Veem, being a global payment solution, likely offers competitive rates compared to traditional banking transactions, which could be seen as “well-compensated” in terms of savings on transaction fees.
-
Global Reach
Access to a wide range of countries and currencies could be highly valued by businesses looking to operate internationally without the steep fees often associated with currency conversion and cross-border payments.
-
Ease of Use
Simplifying the payment process and offering a user-friendly interface could be seen as compensating the users well for their time and effort.
-
Integration
The ability to integrate with other financial or business management tools can add value, making processes more efficient and streamlined.
-
Security
High standards of security and compliance in transactions can be seen as a form of indirect compensation by protecting businesses against fraud and financial loss.
-
Support
Like any service, users might find room for improvement in customer support responsiveness or in the availability of help resources.
-
Transaction Speed
While generally efficient, any delays in processing payments could be a point of contention for users needing real-time transactions.
-
Fee Transparency
Users might seek more clarity on fees, especially for less common currencies or specialized transactions.
-
Feature Set
Some users may require more advanced features or customization options than what is currently offered.
-
Market Penetration
There may be geographic or industry sectors where Veem is less established, which could limit its utility for some businesses.
Disclaimer
Here at Tekpon's Global Buzz, we blend AI smarts with a human touch to offer a snapshot of user reviews from the web. While we carefully craft these summaries, please remember they reflect diverse user views and experiences, not Tekpon’s own opinions.
-
Zapier
Data Integration Software
-
Xero
Accounting Software
-
NetSuite
CRM Software
Tell us your opinion about Veem and help others.
Table of Contents
Veem is a software that simplifies payment processing for small businesses and freelancers. It allows them to easily accept, send, and receive payments while providing international payment services for small and midsize businesses in over 60 countries. Veem leverages blockchain technology to make international payments faster, cheaper, and more efficient.
The platform supports all major currencies worldwide and enables payments to be sent to over 60 countries. It is available in six languages, including English, German, Spanish, French, Japanese, and Chinese. In this Veem review, we will explore the platform’s features and compare it with other popular payment options, helping you determine whether it is a suitable choice for your business.
About Veem
Veem is a modern payment platform that simplifies the process of sending and receiving payments. It saves you time, money, and the hassle of dealing with traditional bank transfers. The platform features a slick and intuitive interface that enables you to send money online, make a money transfer, or make any global payment to anyone, even if they don’t have a Veem account. All you need is their email address, and you can start sending money instantly.
Based on our review of Veem, the platform offers some of the best exchange rates among various payment options available online, which means more money for your business. Additionally, Veem will track all payments sent or received in real time, providing you with visibility into every online money transfer made by your business.
Veem is a payment option that can be used by small businesses, midsize businesses, and freelancers. Getting started on Veem is quick and easy, taking only a few minutes. To sign up for a free account, you only need to provide basic business information such as your name, email address, and company name.
When you sign up for an account with Veem and enter your name and phone number, you will receive $3,000 worth of international wire transfers. This can be an excellent way to test out the provider if you’re unsure whether it’s right for your business.
How to use Veem?
Veem helps small businesses manage their international payments and invoices. You can set up your Veem account by clicking on the get started button on their homepage.
After clicking the Get Started button, you’ll be asked to fill out some basic information, including your name, email, contact number, company name, and company address. After this step, you’ll be prompted to verify your email.
Next steps:
- Check your inbox for an email from us and click Verify Email in the message body. Check your spam folder or request a new verification email if you can’t find it.
- Once verified, you’ll be prompted to enter your Bank info (e.g., routing/account number). This is how they can send payments to you and your suppliers worldwide.
- Complete your profile by uploading a company logo, adding a company description, and adding additional team members (if applicable).
How can you use Veem?
Here is how:
-
Send payments with Veem
To send money using Veem, you need the recipient’s email address and bank account information. Then, you can send payments from your bank account or charge a credit card.
-
Receive payments with Veem
When you receive a payment through Veem, the funds are automatically deposited into your bank account in two to five business days. After that, the cash is yours to use as you wish — there are no withdrawal limits or restrictions.
-
Track receipts
Suppose you are running a business; one of the most important things you need is to keep track of all your records, such as payment receipts and invoices. Veem lets you do this to have an easier time filing them for taxes and other purposes.
-
Exchange currencies
You can use Veem to exchange currencies for sending money to other countries without worrying about exchange rates or paying additional conversion fees.
How to transfer money from Veem to a bank account?
If you want to make a money transfer from your Veem account to your bank account, follow these steps:
- Log into your Veem account.
- Then, go to the left side of your dashboard and click “Veem Wallet.”
- After that, click the “Withdraw” option.
- Type the amount of money you want to withdraw.
- Then confirm the transaction you made.
You will see the money in your bank account within two to five business days.
Veem Features Detailed
Veem has several features. Here are some of them:
-
Payments
This is the main feature that Veem has. With Veem, users can send and receive money globally through Veem’s network of partner banks, exchange rates, etc. Furthermore, Veem’s multi-rail technology allows cross-border payments to arrive faster and cheaper than traditional methods. In addition, you can make an international transfer to any business account in the world if they have an email address or phone number.
-
Payment tracking
This feature allows users to track where their payments are always.
-
Multi-user accounts
With this feature, users can add multiple users to their accounts if they need to let various people in their organizations handle payments or see information on transactions.
-
Invoice management
Veem offers an invoice management tool that enables users to create and manage invoices professionally. You can customize your invoices with the Veem brand and send them to your customers through email or text message. Your customers can easily pay you directly through these invoices.
Moreover, this feature allows you to set reminders for unpaid invoices. If a customer delays payment, you can send them a friendly reminder.
-
Mass payments
You can create a list of users you want to send money to and make mass payments. You can even save that list for future use.
-
Recurring payments
This feature allows you to set up recurring payments for vendors that require regular payments, like rent or utilities.
Veem Cost & Pricing
Veem offers straightforward and transparent pricing options tailored to meet the diverse needs of businesses. With a commitment to transparency, Veem ensures that users are always aware of the fees upfront, eliminating any surprises.
Basic Plan (Free)
- Manage payables and receivables.
- Send, receive, request, and schedule payments.
- Ideal for businesses looking for essential payment functionalities without additional costs.
Premium Plan ($14.99 USD per month)
- Includes all features of the Basic Plan.
- Additional time-saving features and automations to streamline payment processes.
- The first two transactions are free, offering users a taste of the premium experience without immediate costs.
- Designed for businesses seeking enhanced features for a more efficient payment experience.
Transactions:
Veem prides itself on its transparent fee structure. Users will always see the fee upfront, ensuring there are no hidden costs.
The platform’s pricing model is based on a “pay for what you use” principle, ensuring businesses only incur costs for the transactions they make.
Veem’s pricing structure is both competitive and transparent. Whether you’re a small business looking for basic payment functionalities or a larger enterprise in search of advanced features, Veem has a plan to suit your needs. The clear emphasis on fair prices and the absence of hidden fees further enhance the platform’s appeal, making it a top choice for businesses seeking a reliable global payment solution.
Alternative to Veem
Many companies offer similar services to Veem, and it is always a great idea to do your research before you sign up for any service. Of course, this platform is unique in many ways, and we are proud of the innovation they have brought to payments. However, if you are looking for an alternative to Veem, here are some companies that provide similar services:
-
Currency Cloud
Currency Cloud is a global payments platform built on smart technology that takes the complexity out of moving money.
Their payment API is secure, reliable, and customizable so that you can make international payments at any time and from any place around the world.
Currency Cloud is one of the best alternatives to Veem because everyone pays the same low transaction fee, whether you’re sending or receiving funds. They also have a transparent pricing system that lets you see exactly what goes on behind the scenes when you transfer money internationally.
Their API lets you build a custom payment experience into your existing software or website. In contrast, their white-label payment solution allows your business customers to pay you through their brand portal.
They also offer 24/7 customer support and are fully compliant with all anti-money laundering (AML) and know your customer (KYC) regulations worldwide so that your payments are always secure.
-
PayPal
PayPal is the world’s largest online payment processor that enables individuals to securely send money to each other, pay for goods and services, and donate.
PayPal is the safer, easier way to pay and get paid online. The service allows anyone to pay in any way they prefer, including through credit cards, bank accounts, buyer credit, or account balances, without sharing financial information.
Through its payment solutions, PayPal offers businesses of all sizes the ability to accept all major credit cards and debit cards, bank account transfers, and online checks with no upfront costs or long-term commitments.
-
Payoneer
Payoneer is a versatile tool that is used for making payments. It has an easy-to-use interface. Payoneer is an app that will help you to pay your bills.
With Payoneer, you can send and receive money to other Payoneer users worldwide, no matter where they are. In addition, you are allowed to send and receive money directly to the bank accounts of suppliers, employees, and partners around the world.
Payoneer lets you instantly access your earnings in USD, EUR, or GBP with a 0% commission on bank transfers.
Veem Review Conclusions
Veem is a great solution for companies large and small. It’s easy to use, inexpensive, and reliable. We hope that our review has given you a better idea of how this payment solution can help your business. If you want to try it, sign up today and discover how much faster and easier international payments can be!
