Veem
Payment processing software
Billing software
Invoice management software
Remittance & money transfer software
Contractor payment software
Payment software
Accounting & finance software
- Features
- Ease of use
- Ease of management
- Quality of support
- Affordability
- Market presence
Take the quiz to check if Veem and its alternatives fit your requirements.
$24.99 USD per month
Free TrialFree version
Small
Medium
Large
- Information technology and software
- Manufacturing
- Professional services (engineering, legal, consulting, etc.)
What is Veem
Veem is a business payments platform used to send and receive domestic and international payments, including bank transfers and card-funded payments. It targets small and midsize businesses and finance teams that need to pay vendors and contractors, collect payments, and reconcile transactions. The product combines payment initiation, recipient onboarding, and payment tracking in a single workflow, with options to sync payment activity to accounting systems.
International business payment support
Veem supports cross-border payments for paying suppliers and contractors in multiple countries. It provides a single workflow to initiate payments and manage recipient details, which reduces reliance on manual bank wire processes. This is useful for SMBs that need international payouts without building their own banking integrations.
Payment tracking and notifications
The platform includes payment status tracking and notifications for senders and recipients. This helps finance teams answer “where is the payment” inquiries and reduces back-and-forth with vendors. Tracking is especially relevant when comparing to tools that focus more on invoicing or client management than on payout visibility.
Accounting system integrations
Veem offers integrations intended to sync payment and remittance details with accounting workflows (for example, common SMB accounting platforms). This can reduce manual entry for bills paid and improve reconciliation. It positions the product as a payments layer that complements existing accounting processes rather than replacing them.
Not a full billing suite
Veem focuses primarily on sending and receiving payments rather than end-to-end billing operations. Organizations needing advanced subscription billing, complex tax handling, or deep revenue recognition typically require additional systems. As a result, it may not replace dedicated billing platforms in more complex environments.
Feature depth varies by region
Payment methods, delivery times, and fee structures can vary depending on payer/recipient country and currency corridors. This can create inconsistent experiences for global teams that expect uniform capabilities across regions. Some use cases may still require alternative rails (for example, local clearing systems) outside the product’s coverage.
Limited procurement controls
Veem is not positioned as a full procure-to-pay or AP automation suite with robust approval chains, purchasing controls, and supplier risk management. Teams that need multi-entity approvals, policy enforcement, and extensive audit workflows may find the controls insufficient. In those cases, Veem often functions as a payment execution tool alongside broader finance software.
Plan & Pricing
| Plan | Price | Key features & notes |
|---|---|---|
| Free (Basic) | $0.00 per month | Send, receive, request and schedule payments; payment tracking; instant deposits; limited workflows. Note: Domestic bank transfers (ACH/EFT) are $1 USD ($1.49 CAD) per transaction on the Free/Basic plan (multiple other method-specific fees apply). |
| Premium | $24.99 USD / $34.99 CAD per month | All Basic features plus Automations (Approval Workflows, Mass Pay), Exclusive pricing (free domestic bank transfers when on Premium), Integrations (QuickBooks Online, NetSuite, Xero), advanced workflow and reconciliation features. New users receive 30 days of Premium features free. |
Additional fee examples (from official Veem pricing page/help):
- Domestic Same-Day Bank Transfer (ACH): 0.5% to send.
- Instant Bank Transfer (minutes): 1% (max $20) to send.
- U.S. Debit Card: 1.5% (min $3.50) to send; business accounts may be subject to 2.5% or $3.50 minimum.
- U.S. Credit Card: 3.5% (min $3.50) to send.
- International USD received fee: $29 (up to $40 on transactions over $10,000) for receivers on certain international USD transfers. (See Veem official pricing and Help Center pages for full fee breakdown.)
Seller details
Veem Inc.
San Francisco, CA, USA
2014
Private
https://www.veem.com/
https://x.com/veem
https://www.linkedin.com/company/veem/
