Veem

Veem

Veem is a business payment service that allows companies to send and receive money quickly and securely. It facilitates domestic and international bank transfers and can integrate with popular accounting software.
Veem screenshot

Veem: Business Payment Service

Business payment service for quick and secure transfers, domestic & international bank transfers, integration with popular accounting software

What is Veem?

Veem is a financial technology company that provides low-cost, fast payments and money transfers for businesses. It was founded in 2014 and enables businesses to send and receive cross-border payments, pay freelancers globally, and automate accounts payable and receivable processes.

The key features of Veem include:

  • Bank to bank transfers and payments in more than 100 countries
  • Support for 130+ currencies
  • Integration options with accounting software like QuickBooks, NetSuite, and Xero
  • Domestic payments and transfers within the US
  • Automated payment and invoicing workflows
  • Fast processing time, with funds typically delivered in 1-2 days internationally and on the same day domestically
  • High security standards and data encryption
  • Competitive transaction fees, with discounted pricing available for high volume customers

Overall, Veem provides an efficient, low cost way for businesses to manage cross-border supplier payments, pay international clients and freelancers, merge bank accounts, and automate financial workflows. It's designed to replace wire transfers and traditional bank payments with a faster, more transparent, digital alternative.

Veem Features

Features

  1. Send and receive domestic and international payments
  2. Bank-level security and compliance
  3. Multi-currency support
  4. Integration with accounting software
  5. Real-time tracking and notifications
  6. No transaction or hidden fees

Pricing

  • Subscription-Based

Pros

Fast and easy money transfers

Lower fees than banks for international transfers

Secure encrypted platform

Integration saves time on accounting

Good for frequent international payments

Cons

Limited payment options (bank transfers only)

Must link bank accounts to use

No consumer or peer-to-peer payments

Lacks widespread brand recognition

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