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Veem

Avg. Rating: 5.0 (3 reviews)

Veem is a global platform that was founded in 2014 that enables businesses to send and receive payments in local currency. They provide simple, secure, and trackable payments to over 110 countries. Their revolutionary payment experience helps businesses strengthen relationships with suppliers and partners all over the world.

  • TIME IN BUSINESS: Since 2014
  • # OF CUSTOMERS: Over 225,000
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1-877-279-2629

business@veem.com 135 Michael Cowpland Drive, Suite 300 Kanata, ON K2M 2E9
Call Center: 24 hours a day, 7 days a week
Support Offered:
  • Call Centre
  • Help Centre
  • Blog
  • Social Media
  • Email
Availability: Worldwide

Products Offered

Below are all the products offered by this company.

Summary

Veem is a secure online-only payment gateway that enables merchants to accept domestic and international wire transfers.

Veem payments streamline the wiring process to not only speed it up, but to also cost you less.

Features:

  • International and domestic payments
  • Personalized pay link and “PayMe” button
  • Invoicing and payment tracking
  • Notifications
  • API partnership
  • Data security

Send & Receive Money Cost

Veem offers no fees on any international payments when sending foreign exchange.

Send:

Veem’s pricing page states that payments sent from within the US incur a fee of $1 per transaction, while payments received are free.

Receive:

Veem is a free payment processing platform, with only one, easily avoidable potential fee. You’ll have to pay a $20 fee if a receiver opts to receive an international wire outside of the U.S. in USD.

Frequently Asked Questions About Veem

What is Veem?

Veem is a global platform that enables businesses to send and receive payments in local currency. They provide simple, secure, and trackable payments to over 110 countries. Their revolutionary payment experience helps businesses strengthen relationships with suppliers and partners all over the world.

Is Veem safe?

Veem provides simple, secure, and trackable payments to over 110 countries. They were founded in 2014 and they guarantee the safety of your transaction data with two-step verification, robust encryption, fraud prevention, and bank compliance. Additionally, Veem is supported by a global syndicate of forward-looking banks like Paper Excellence and Goldman Sachs, and major venture capital firms to improve global commerce for businesses.

What are some of Veem's features?

Veem's features include two-factor authentication, custom application programming interface (API) integration, payment tracking, a checkout page, and a “PayMe” button.

How much does Veem cost to use?

Veem’s pricing page states that payments sent from within the US incur a fee of $1 per transaction, while payments received are free. However, recipients are charged an additional $20 per transaction for opting to accept an international payment in USD.

Does Veem send notifications about payment?

You get real-time alerts from Veem throughout the entire journey of your transaction, so you don’t have to worry about losing any payments.

What type of support does Veem have?

Veem offers 24-hour customer support via phone and provides you with access to its Help Center for other resources and tools such as videos and infographics.

Does Veem integrate with third-party tools?

Veem users have access to valuable integrations with Xero, Netsuite, Quickbooks Online, and Zapier to further simplify their payment process.

How does Veem work?

1. Sign up for a free Veem account. 2. Connect your bank account and verify your identity. 3. Make your first Veem transaction. 4. Veem will notify your buyers and suppliers. 5. Track your money from start to finish. 6. Pay and get paid again and again.

Are Veem's wire transfers cheaper than banks?

Veem helps you save on bank fees and calculates live foreign-exchange rates for international payments based on the current market rate, payment volume, currency, and geographic corridor. Traditional bank wires involve lots of hands-on-deck, costing you lots of money in handling fees and lots of time in the delays involved.

Who is Veem best for?

Veem is best for businesses that transact with customers in any of the 100+ countries that Veem serves. They're a great payment solution that will allow you to avoid bank inefficiencies while also avoiding unnecessary fees for both you and your customers.

Veem Reviews

Avg. Rating: 5.0 (3 reviews)
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Great service

Very polite, quick and helpful. Overall great experience.

Kolia
Smooth

Everything was smooth. Will use them again.

Jamal
good rates

Good rates and easy to use

Dana

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