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Veem Reviews & Product Details

Agnes Josephine C.
AC
Paralegal
Small-Business(50 or fewer emp.)
More Options
Validated Reviewer
Verified Current User
Review source: Thank You page
What do you like best about Veem?

easy to understand interface

transparent exchange rates

active customer service Review collected by and hosted on G2.com.

What do you dislike about Veem?

remittance from veem to local bank can take a while Review collected by and hosted on G2.com.

What problems is Veem solving and how is that benefiting you?

long processing time of payment transfer from veem to local banks Review collected by and hosted on G2.com.

Veem Overview

What is Veem?

Veem helps businesses save time and optimize cash flow by simplifying the way they send and receive payments domestically and internationally. Trusted by more than 800,000 businesses in over 100 countries, Veem uncomplicates the end-to-end AP/AR process with seamless integrations to leading accounting software, real-time tracking on payments and cost-effective, flexible payment options. Now businesses have the power to pay how they prefer and eliminate friction with customers to get paid faster. Why small businesses love Veem: Incredibly simple to use - Start using Veem in a matter of minutes and realize the value of having one intuitive solution for both sending and receiving domestic and international payments to over 100 countries and over 70 currencies. Pay and get paid with little more than your vendor or suppliers email address. Send one or a thousand payments with just a few clicks. Veem un-complicates your end-to-end AP/AR payment process. Flexibility to pay and get paid on your terms - Get greater control with the ability to use the payment methods you prefer with more options and less constraints. Pay using ACH/EFT, check, wallet, and international wires with truly competitive rates. Pay with a debit or credit card even when your suppliers don’t accept them. Get paid faster and reduce friction by allowing your customers with multiple methods–even credit cards without having a merchant account! Efficiency that saves time and increases visibility - Streamline your end-to-end AP/AR process with a solution that is able to automate payment approval workflow and recurring invoices and payments, and integrates with your accounting software to reduce double-data entry and errors and allow for automatic seamless reconciliation. Know exactly where your payments are with detailed tracking that your vendors can see, too. Confidence and security - Gain payment transparency and process visibility with a secure solution that has you covered with best-in-class 24/7 expert support via email, chat and phone. Veem’s verified business payments network ensures payments are sent securely and reliably, and Veem is PCI DSS compliant and SOC2 certified.

Veem Details
Discussions
Veem Community
Languages Supported
German, English, French, Italian, Japanese, Korean, Portuguese, Russian, Spanish, Chinese (Traditional)
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Product Description

All businesses want to do is pay vendors, suppliers, and contractors anywhere, at anytime, with ease. Legacy financial systems and old technologies make this dream nearly impossible. Veem makes it a reality.


Seller Details
Seller
Veem
Year Founded
2014
HQ Location
San Francisco, CA
Twitter
@GoVeem
5,098 Twitter followers
LinkedIn® Page
www.linkedin.com
103 employees on LinkedIn®

Ryan M.
RM
Overview Provided by:

Recent Veem Reviews

𝕴𝖘𝖒𝖆𝖎𝖑 .
𝕴
𝕴𝖘𝖒𝖆𝖎𝖑 .Small-Business (50 or fewer emp.)
5.0 out of 5
"useful for small businesses registered in usa"
one link payment directly into their wallet and now they have instant payment from credit or debit cards. you can also send funds almost anywhere i...
Agnes Josephine C.
AC
Agnes Josephine C.Small-Business (50 or fewer emp.)
4.5 out of 5
"Easy payment platform for remote workers"
easy to understand interface transparent exchange rates active customer service
James O.
JO
James O.Mid-Market (51-1000 emp.)
4.0 out of 5
"VEEM - Quick & Effecient."
I can pay bills with Visa or Mastercard, even to businesses that don't accept cards, or use Veem Wallet for free global USD transfers.
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Veem Media

Veem Demo - Veem Dashboard
Send and receive payments all while tracking where your money is.
Veem Demo - Send Invoices with Veem
Use the industry’s leading invoicing suite to build, customize and send invoices – domestically and globally.
Veem Demo - Veem uses Plaid to link your bank
Secure encryption helps protect your financial data.
Veem Demo - Track Every Payment with Veem
See where your money is - from when you send it, to when your receiver gets it.
Veem Demo - Your Contacts
Veem allows you to add contacts to quickly and easily send or request money.
Answer a few questions to help the Veem community
Have you used Veem before?
Yes

Video Reviews

42 out of 43 Total Reviews for Veem

3.7 out of 5
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42 out of 43 Total Reviews for Veem
3.7 out of 5
42 out of 43 Total Reviews for Veem
3.7 out of 5

Veem Pros and Cons

How are these determined?Information
Pros and Cons are compiled from review feedback and grouped into themes to provide an easy-to-understand summary of user reviews.
Pros
Cons

Overall Review Sentiment for VeemQuestion

Time to Implement
<1 day
>12 months
Return on Investment
<6 months
48+ months
Ease of Setup
0 (Difficult)
10 (Easy)
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𝕴𝖘𝖒𝖆𝖎𝖑 .
𝕴
Founder
Small-Business(50 or fewer emp.)
More Options
Validated Reviewer
Verified Current User
Review source: Organic
Incentivized Review
(Original )Information
What do you like best about Veem?

one link payment directly into their wallet and now they have instant payment from credit or debit cards. you can also send funds almost anywhere in the world. security is good as to login you must use 2fa. their customer support is unmatchable. your problem gets resolved instantly. Review collected by and hosted on G2.com.

What do you dislike about Veem?

For their virtual card, i still don't understand why they ask extra verification, it supposed to be based on provided details Review collected by and hosted on G2.com.

What problems is Veem solving and how is that benefiting you?

For small businesses that depend on daily cash if your client pays using a debit or credit card, you can get funds instantly. you don't have to wait for weeks or days. If you have clients almost anywhere in the world you can receive payment. they can pay using a bank account or credit card. Review collected by and hosted on G2.com.

James O.
JO
Business Development Representative
Outsourcing/Offshoring
Mid-Market(51-1000 emp.)
More Options
Validated Reviewer
Review source: Organic Review from User Profile
What do you like best about Veem?

I can pay bills with Visa or Mastercard, even to businesses that don't accept cards, or use Veem Wallet for free global USD transfers. Review collected by and hosted on G2.com.

What do you dislike about Veem?

While Veem supports 80+ currencies and 110+ countries, some regions can only receive payments, and credit card transactions incur higher fees for customers. Review collected by and hosted on G2.com.

What problems is Veem solving and how is that benefiting you?

Veem enables global business payments, while outsourcing order fulfillment simplifies customs processes. Review collected by and hosted on G2.com.

Randy M.
RM
Agency Owner
Small-Business(50 or fewer emp.)
More Options
Validated Reviewer
Verified Current User
Review source: Organic
What do you like best about Veem?

Integration with Quickbooks and invoicing. Review collected by and hosted on G2.com.

What do you dislike about Veem?

Nearly 3 weeks and invoices are still pending verification. Support has not been any help after sending all of the verifications needed for our company. Avoid at all costs for any international invoicing. Review collected by and hosted on G2.com.

What problems is Veem solving and how is that benefiting you?

Lack of custom support and delayed payment from invoicing. Review collected by and hosted on G2.com.

Verified User in Marketing and Advertising
UM
Small-Business(50 or fewer emp.)
More Options
Validated Reviewer
Verified Current User
Review source: Organic
What do you like best about Veem?

The platform looks ok until you use it. There's nothing to like. Review collected by and hosted on G2.com.

What do you dislike about Veem?

They use to have a chat option but now it's gone and whenever you ask something, it takes days before someone reach out to you. And not only that, they won't give you answers to your questions. Review collected by and hosted on G2.com.

What problems is Veem solving and how is that benefiting you?

They're aren't solving anything. They always have system issues and until now they still have it Review collected by and hosted on G2.com.

Dan B.
DB
Product Lead
Small-Business(50 or fewer emp.)
More Options
Validated Reviewer
Verified Current User
Review source: Organic
What do you like best about Veem?

They've made it easy for us to decide we needed another vendor. Review collected by and hosted on G2.com.

What do you dislike about Veem?

Don't use this service. They find a reason to hold every payment over $10k going in either direction. In this last round, they debited the funds from our client's account, received the funds, then held the money for 6 more days saying they required the client to prove they had the funds to afford the transfer... that had taken place and been received by veem days ago.

They've made our vendors and customers furious with poor explanations for similar issues. Veem makes you look bad to both clients and vendors. Take your business elsewhere. Review collected by and hosted on G2.com.

What problems is Veem solving and how is that benefiting you?

It's not. Review collected by and hosted on G2.com.

Carol P.
CP
CEO
Small-Business(50 or fewer emp.)
More Options
Validated Reviewer
Review source: Organic
(Original )Information
What do you like best about Veem?

Veem was our favorite way to do financial transfers. Then suddenly they changed. First it was a monthly fee with one day notice and they stopped transfers from Europe. They had a great idea when they started and then the wheels came off. We are now looking for a replacement. Review collected by and hosted on G2.com.

What do you dislike about Veem?

Veem has terrible customer service. They obviously care very little about their customers. They do not communicate upcoming changes. Instead they just pull the carpet out from under you. Review collected by and hosted on G2.com.

What problems is Veem solving and how is that benefiting you?

Veem solved our problem of being paid in USD from customers in Europe. The transfer was cost effective and saved us and our customers significant fees. Then they changed all that without notice. Review collected by and hosted on G2.com.

Verified User in Accounting
UA
Small-Business(50 or fewer emp.)
More Options
Validated Reviewer
Review source: Organic
What do you like best about Veem?

Being able to process international payments without wire transfer fees is helpful. Review collected by and hosted on G2.com.

What do you dislike about Veem?

The user interface is not intuitive and frustrating. More and more bugs are impacting both users and their clients/vendors. Review collected by and hosted on G2.com.

What problems is Veem solving and how is that benefiting you?

A cheaper alternative to international wire transfers. Review collected by and hosted on G2.com.

Andrew H.
AH
Manufacturing Specialist
Small-Business(50 or fewer emp.)
More Options
Validated Reviewer
Verified Current User
Review source: G2 invite on behalf of seller
Incentivized Review
What do you like best about Veem?

That I can send money from a credit card to a recipient. It makes it easy and it makes the transaction traceable. It doesn't take long to set up but make sure you read all of the prompts. Review collected by and hosted on G2.com.

What do you dislike about Veem?

The length of the transactions can take a while to process. It would be more convenient for the transaction to take 2 or 3 business days as opposed to the 4-6 business days it takes. Review collected by and hosted on G2.com.

What problems is Veem solving and how is that benefiting you?

We can do business across the globe. It allowed us to find competitive rates for manufacturing instead of limiting us to one part of the world. We've been able to get our business off the ground. Review collected by and hosted on G2.com.

Response from Ryan Mower of Veem

Hi Andrew,

I've passed your feedback related to the transaction time to our product team. Thank you so much for taking the time to leave your comments.

KZ
C
Small-Business(50 or fewer emp.)
More Options
Validated Reviewer
Verified Current User
Review source: G2 invite on behalf of seller
Incentivized Review
What do you like best about Veem?

Using Veem has made my life so much easier! I can easily pay all of my contractors in one place. Review collected by and hosted on G2.com.

What do you dislike about Veem?

I would like to be able to hit a button that shows all overdue invoices in one area. Review collected by and hosted on G2.com.

What problems is Veem solving and how is that benefiting you?

I used to have to dig through my emails to find all of the invoices sent by different contractors and then write them checks. Took forever! Now it's all in one place and I cen pay by just hitting a button. Review collected by and hosted on G2.com.

Response from Ryan Mower of Veem

Hi Kristina,

I passed your feedback on a "button that shows all overdue invoices in one area" to our product team. Thank you so much for taking the time to leave your comments.

Carel V.
CV
COO
Small-Business(50 or fewer emp.)
More Options
Validated Reviewer
Verified Current User
Review source: G2 invite on behalf of seller
Incentivized Review
(Original )Information
What do you like best about Veem?

I love how easy it is to pay people all around the world. We have staff and vendors all over the globe and VEEM is how we pay everybody. Review collected by and hosted on G2.com.

What do you dislike about Veem?

Would be nice if VEEM could integrate with Zoho Books Review collected by and hosted on G2.com.

What problems is Veem solving and how is that benefiting you?

We need to pay people all around the world and it is costly and hard to calculate exchange rates etc. With VEEM we pay in USD and they take care of everything else. Money goes straight into the payee's bank account. Review collected by and hosted on G2.com.

Response from Ryan Mower of Veem

Hi Carel,

Thank you so much for taking the time to leave your comments! I'll pass your feedback on the integration with Zoho Books to the product team.