Veem

4.0 (46)
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Cloud-based payment processing and invoice management tool

Overall rating

4.0 /5
(46)
Value for Money
3.9/5
Features
4.0/5
Ease of Use
4.1/5
Customer Support
3.7/5

72%
recommended this app
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46 Reviews

Dnyanoba
Dnyanoba
Overall rating
  • Industry: Pharmaceuticals
  • Company size: 10,000+ Employees
  • Used Daily for 1+ year
  • Review Source

Overall rating

  • Value for Money
  • Ease of Use
  • Customer Support
  • Likelihood to recommend 9.0 /10

Veem for all accounting needs

Reviewed on 2023/01/21

We are enjoying with veem, as it gives a simple way to do for such a complicated things.

We are enjoying with veem, as it gives a simple way to do for such a complicated things.

Pros

Easy and user friendly interface, can accept or make a payment in any currency in any way.We can make an invoices in any currency

Cons

Reports templates of billing and invoicing can be better with good diagrams and charts for easy understanding.

Nirmal
Overall rating
  • Industry: Computer Software
  • Company size: 2–10 Employees
  • Used Monthly for 6-12 months
  • Review Source

Overall rating

  • Value for Money
  • Ease of Use
  • Likelihood to recommend 9.0 /10

Invoicing and Payments made Simple!

Reviewed on 2022/08/18

The overall experience has been good for basic use cases.

The overall experience has been good for basic use cases.

Pros

Veem is a one-stop solution if you're looking for invoicing cum payments processing software. It helps you send invoices as well as get paid in your local currency so you don't have to deal with the hassle of bank remittances and all the additional formalities that come with it. I've extensively used Veem to bill one of my clients and the experience has been good. It has all the basic use-cases covered. Although, it's limited in terms of advanced options such as taxation, GST, email customization, payment gateway integrations, etc.

Cons

There was an instance when I wanted to attach a couple of documents along with my invoice email and I was surprised to see that Veem doesn't support it at all. I think it's a very common use case where Freelancers bill their clients for additional equipment/software that they've purchased on the client's behalf and want to send the bills for it. There are also no styling/custom branding options in Veem. It also doesn't support popular gateway integrations such as Stripe, PayPal or RazorPay.

Brian
Overall rating
  • Industry: Business Supplies & Equipment
  • Company size: 2–10 Employees
  • Used Weekly for 2+ years
  • Review Source

Overall rating

  • Value for Money
  • Ease of Use
  • Customer Support
  • Likelihood to recommend 0.0 /10

Due to recent experience, I don't trust Veem

Reviewed on 2024/12/02

Pros

Worked OK. Did what it was supposed to do, until it didn't.

Cons

They broke their own two-factor authentication -- one day, without prior notification to us, their system was no longer capable of sending SMS messages for authentication. I could no longer sign in to our account. Many attempts at working with their customer service to fix this dragged on for a couple weeks. Meanwhile, we couldn't pay our suppliers on time, and our reputation took a hit. The problem never did get fixed. We changed to a different payment platform, which took time. And now, after several requests to cancel our account, they are still withdrawing the $19.99 monthly fee from our bank account. Infuriating!

Alternatives Considered

BILL Accounts Payable & Receivable

Reasons for Switching to Veem

Total cost for handling international payments.
Alan
Overall rating
  • Industry: Entertainment
  • Company size: 11–50 Employees
  • Used Weekly for 2+ years
  • Review Source

Overall rating

  • Value for Money
  • Ease of Use
  • Customer Support
  • Likelihood to recommend 9.0 /10

Great option for small businesses that have typical workflow and occasional need for mass pay

Reviewed on 2022/04/20

Real game changer on the mass pay of royalties, but also very helpful in week to week.

Real game changer on the mass pay of royalties, but also very helpful in week to week.

Pros

Mass Pay option is fantastic for royalty payments (we are a record label), but also for week to week regular bill pay workflow. Check option as a way to get a user in the door is helpful. Alternative to wires and wire fees a big plus.

Cons

There are times when a transaction gets flagged or held up and it is often hard to anticipate when this will happen.

Alternatives Considered

PayPal, Venmo and Wise

Reasons for Choosing Veem

Need to expedite ever growing royalty payees each semi annual period.

Reasons for Switching to Veem

Wise and Veem are very similar, but all things being equal on functionality and cost, customer service at VEEM has been nicely responsive.
Heather
Overall rating
  • Industry: Hospitality
  • Company size: 2–10 Employees
  • Used Daily for 1+ year
  • Review Source

Overall rating

  • Value for Money
  • Ease of Use
  • Customer Support
  • Likelihood to recommend 10.0 /10

Veem is a great software program

Reviewed on 2024/10/26

I've had a generally good experience with Veem, it's easy to use and simplifies processing payments...

I've had a generally good experience with Veem, it's easy to use and simplifies processing payments locally as well as globally, and I value the competitive exchange rates and cheaper costs when compared to more standard methods.

Pros

Veem simplifies payments with clients and suppliers, allowing secure and fast transactions. It also supports international payments

Cons

The primary downside of Veem is its high fees for fast transfers and instant global deposits which can be pricey for businesses that require fast transactions.

Gem
Overall rating
  • Industry: Chemicals
  • Company size: Self Employed
  • Used Monthly for 1-5 months
  • Review Source

Overall rating

  • Value for Money
  • Ease of Use
  • Customer Support
  • Likelihood to recommend 1.0 /10

2 months Delayed Receivables

Reviewed on 2024/07/09

Just a very bad start. It is just one job for Veem and they failed badly. First impressions last.

Just a very bad start. It is just one job for Veem and they failed badly. First impressions last.

Pros

It was easy to set up every invoice and details to my account

Cons

Where the issue is was not identified. My client kept letting me know that the payment has been submitted and Veem won't even contact me if a payment was stuck somewhere. I contacted them via email and phone but got no response as to where my expected receivable payment is even after status says that payment has been submitted by my client to Veem!

Ekalavya
Ekalavya
Overall rating
  • Industry: Marketing & Advertising
  • Company size: 51–200 Employees
  • Used Daily for 1-5 months
  • Review Source

Overall rating

  • Value for Money
  • Ease of Use
  • Customer Support
  • Likelihood to recommend 0.0 /10

Never Trust Veem With Your Domestic and International Transfers

Reviewed on 2022/09/22

So terrible that we are never going to trust them with even a dollar on our bank accounts.

So terrible that we are never going to trust them with even a dollar on our bank accounts.

Pros

The platform has an easy to use Dashboard and an easy invoicing process helps businesses.

Cons

Never trust Veem with any of your domestic and international transfers to your contractors/vendors. We used them to pay our subsidiaries and our payments never reached the beneficiary accounts. I finally had to write an email to their [SENSITIVE CONTENT] who has been connected on my LinkedIn for over 7 years. Guess what, the [SENSITIVE CONTENT] never replied back. Their website claims all payments to be delivered in beneficiary accounts by 2nd or 3rd business day which is never the case in majority of the transactions. We initiated 7 Transactions and none of them even landed. Their payment tracker is not real-time either as claimed.

Xzavier
Overall rating
  • Industry: Entertainment
  • Company size: 2–10 Employees
  • Used Weekly for 1-5 months
  • Review Source

Overall rating

  • Value for Money
  • Ease of Use
  • Customer Support
  • Likelihood to recommend 1.0 /10

This service sucks

Reviewed on 2024/09/16

I don't like how low you have to wait before funds are available and it is a hassle trying to...

I don't like how low you have to wait before funds are available and it is a hassle trying to withdraw funds as well. I don't like this platform at all and I wouldn't recommend it to anyone.

Pros

I don't see any pros to using this. My experience using this platform has not been a good one

Cons

Takes too long to make transfers or payments. No live customer service support. the chatbot sucks and doesn't actually help with anything besides pointing you to various articles.

Terry
Overall rating
  • Industry: Marketing & Advertising
  • Company size: 2–10 Employees
  • Used Monthly for 1+ year
  • Review Source

Overall rating

  • Value for Money
  • Ease of Use
  • Customer Support
  • Likelihood to recommend 1.0 /10

Playing the blame game. Payments not delivered.

Reviewed on 2024/04/09

I have sent over $80k USD through the years, mostly all transactions under $1000. I have had one...

I have sent over $80k USD through the years, mostly all transactions under $1000. I have had one other issue in the past but it was resolved within a week. To me. It appears they have given up on any customer concerns and are making up for it in volume. No support with an issue regarding money makes this nothing but a gamble.

Pros

Easy and convenient to use. Most transactions go smoothly.

Cons

I sent a vendor a payment of about $285.00 USD. This was 4 days short of a month ago. Veem claimed it was delivered but the receiving bank has no record. We have provided all documentation requested but "support" has gone silent after saying their partner is looking into the issue.

Judy
Judy
Overall rating
  • Industry: Insurance
  • Company size: 501–1,000 Employees
  • Used Weekly for 1-5 months
  • Review Source

Overall rating

  • Value for Money
  • Ease of Use
  • Customer Support
  • Likelihood to recommend 0.0 /10

Poor Service

Reviewed on 2024/05/25

Pros

the design itself so unique but the usage of it is useless.

Cons

All of them. Poor customer service. Tried to contact them twice but no response. They gave false information.

Neil
Overall rating
  • Industry: Management Consulting
  • Company size: Self Employed
  • Used Weekly for 1-5 months
  • Review Source

Overall rating

  • Value for Money
  • Ease of Use
  • Customer Support
  • Likelihood to recommend 0.0 /10

Worst customer service ever

Reviewed on 2023/10/13

From great service to worst when it came to that I needed to speak with their support.

From great service to worst when it came to that I needed to speak with their support.

Pros

It has good services and conversions and has a lot of options for any type of business

Cons

The very worst customer service of all time, good if you're willing to wait but I suggest steering clear if you think you will need their customer service.Phone Support, It is hard to get an answer and 99% of the time goes to their voicemailEmail Support takes a minimum of 12 hours to respond and a maximum of 2 weeksChat Support, is useless. It is only for general inquiry that is answered by a robot and on which case will still go to email support if unresolved.

Leda
Overall rating
  • Industry: Facilities Services
  • Company size: 11–50 Employees
  • Used Weekly for 1+ year
  • Review Source

Overall rating

  • Value for Money
  • Ease of Use
  • Customer Support
  • Likelihood to recommend 0.0 /10

Not recommending VEEM

Reviewed on 2023/05/10

Unsatisfied client

Unsatisfied client

Cons

automatically deletes my recurring payment by VEEM

Himanshu
Overall rating
  • Industry: Information Technology & Services
  • Company size: 11–50 Employees
  • Used Monthly for 6-12 months
  • Review Source

Overall rating

  • Value for Money
  • Ease of Use
  • Customer Support
  • Likelihood to recommend 0.0 /10

Using Veem to get my Salary from US

Reviewed on 2024/05/27

Pros

Nothing it is just doesn't take any cut for payment so it is cheap.

Cons

The transaction takes too much time to complete. They can take too much time to process payment this platform has one job and it is so bad that you can't even imagine—the worst platform to use for international transactions. They can delay your transaction for any imaginative reason and even give better support as to why your transaction is stuck

Randy
Overall rating
  • Industry: Marketing & Advertising
  • Company size: 2–10 Employees
  • Used Weekly for 1-5 months
  • Review Source

Overall rating

  • Value for Money
  • Ease of Use
  • Customer Support
  • Likelihood to recommend 0.0 /10

International Invoicing & Support Issues

Reviewed on 2023/09/19

Pros

Integration with Quickbooks for invoicing.

Cons

I have multiple invoices open that have been pending verification for nearly 3 weeks. There has been no help from support after numerous emails. Avoid using this invoice integration for any international invoices.

Sam
Overall rating
  • Industry: Information Services
  • Company size: 2–10 Employees
  • Used Monthly for 6-12 months
  • Review Source

Overall rating

  • Value for Money
  • Ease of Use
  • Customer Support
  • Likelihood to recommend 2.0 /10

Stop auto-charge your paid plan

Reviewed on 2023/05/09

Pros

It's uncomplicated to transfer funds to another country. Making international payments is easy.

Cons

Well, this is embarrassing. I've been using this service for a while and all of sudden they charged monthly service fee of $15 without prior notice or my knowledge. It seems they automatically upgrade my account to paid without my consent and charge me. I understand you want to make profit but tou should stop this bad practice. it will only negatively impact your reputation.

Gillian
Overall rating
  • Industry: Music
  • Company size: Self Employed
  • Used Monthly for 2+ years
  • Review Source

Overall rating

  • Ease of Use
  • Likelihood to recommend 8.0 /10

Get paid quickly and easily

Reviewed on 2023/04/10

Pros

I love that Veem deposits money straight into my bank account without worrying about passwords, etc. Once you’re setup, you’re good to go!

Cons

Sometimes payments take a few days to process. It would be great if Veem transactions could process at the speed of an e-transfer.

Victoria
Victoria
Overall rating
  • Industry: Translation & Localization
  • Company size: Self Employed
  • Used Weekly for 6-12 months
  • Review Source

Overall rating

  • Ease of Use
  • Likelihood to recommend 9.0 /10

Seamless Integration with Xero to Pay Subcontractors

Reviewed on 2022/01/31

I regularly work with a select few subcontractors, and we had previously been sending paper checks...

I regularly work with a select few subcontractors, and we had previously been sending paper checks back and forth. It took longer to get paid; we were always worried about money getting lost in the mail; and it was harder to find the time to sit down and manually write the checks. With Veem, I can pay subcontractors immediately to their bank account when they send an invoice. In addition, when I send them an invoice, I know it will be paid promptly and not slip through the cracks. I'm very happy with Veem's contribution to my business practices.

Pros

I like that I can link my Xero account to Veem. Whenever one of my subcontractors sends me a invoice through Xero, it will automatically show up as a bill I need to pay in Veem. Because my bank account is also linked to Veem, it takes only a few clicks to pay outstanding payments.

Cons

When I initially set up my Veem account and connected it to my Xero account, I was frustrated that all of my Xero contacts received an email invitation to join Veem. I only intended to use Veem with a select few of my subcontractors, and I was embarrassed that some other contacts received what could look like spam to other contacts.

Response from Veem

Hi Victoria,

Thank you for your feedback. I've passed along your comment related to your Xero contacts receiving an email. We want to make sure that process is easy to understand and our users have control over it. Thank you again for your comments.

Warren
Overall rating
  • Industry: Computer & Network Security
  • Company size: 11–50 Employees
  • Used Monthly for 1+ year
  • Review Source

Overall rating

  • Ease of Use
  • Customer Support
  • Likelihood to recommend 8.0 /10

Veem- Easy to use

Reviewed on 2022/12/06

The setup was incredibly straight forward, and support when needed has always been reliable.

The setup was incredibly straight forward, and support when needed has always been reliable.

Pros

The ease of use for every operation is the main benefit for us. We've also had great experience with the technical support, which is peace of mind.

Cons

the recently implemented monthly charges are a big downer unfortunately.

Alternatives Considered

Xero

Switched From

Sage 50cloud Accounting and Xero

Reasons for Switching to Veem

The pricing was the main reason.
Tyler
Overall rating
  • Industry: Hospital & Health Care
  • Company size: 2–10 Employees
  • Used Daily for 2+ years
  • Review Source

Overall rating

  • Value for Money
  • Ease of Use
  • Customer Support
  • Likelihood to recommend 10.0 /10

VEEM Should Be The Bank

Reviewed on 2022/04/14

Perfect.

Perfect.

Pros

VEEM makes payment processing so easy that I barely think about it. I wish they would implement a full checking product so I never have to log into a traditional bank again.

Cons

Why is there not an iPhone app? Mobile works well, but come on! :)

Mary
Mary
Overall rating
  • Industry: Translation & Localization
  • Company size: Self Employed
  • Used Weekly for 6-12 months
  • Review Source

Overall rating

  • Value for Money
  • Ease of Use
  • Customer Support
  • Likelihood to recommend 10.0 /10

Excellent for small B2B transactions

Reviewed on 2022/02/08

We

We

Pros

My collaborators and I had struggled to find a service that would allow such small business entities to send money digitally to pay for services mutually provided. This is the ONLY service we found that works for us without significant cost. Highly recommend, and it integrates with Xero!

Cons

Cannot view certain Xero transactions in Veem

Alternatives Considered

PayPal

Reasons for Choosing Veem

Veem is more full-featured and cheaper

Switched From

PayPal

Response from Veem

Hi Mary,

Thank you for taking the time to leave your feedback. I've passed along your comment related to Xero transactions not being viewable. Thank you again for your comments.

Jamie
Overall rating
  • Industry: Translation & Localization
  • Company size: Self Employed
  • Used Weekly for 1+ year
  • Review Source

Overall rating

  • Value for Money
  • Ease of Use
  • Customer Support
  • Likelihood to recommend 10.0 /10

Great way to pay vendors for free

Reviewed on 2022/02/08

It was a pain to send checks back and forth with vendors and clients, but now I can pay them...

It was a pain to send checks back and forth with vendors and clients, but now I can pay them directly through Veem with no fees at all. It's the best tool I've found for this purpose.

Pros

It is a great way to pay my vendors for free. They just have to get a free account and then I can transfer them money directly. It even integrates with Xero so I don't have to recreate invoices that are already in my accounting software.

Cons

Sometimes vendors are nervous about setting up their bank info in a new app, but Veem is really secure and they have nothing to worry about

Alternatives Considered

Stripe

Reasons for Choosing Veem

Google Pay wasn't compatible with business bank accounts, and Veem is

Switched From

Google Pay

Reasons for Switching to Veem

Stripe charges fees, but Veem does not

Response from Veem

Hi Jamie,

Thank you for taking the time to leave your comments. Your feedback helps us improve service for everyone.

Stephanie
Overall rating
  • Industry: Marketing & Advertising
  • Company size: 2–10 Employees
  • Used Daily for 1+ year
  • Review Source

Overall rating

  • Value for Money
  • Ease of Use
  • Customer Support
  • Likelihood to recommend 7.0 /10

Recommend Veem

Reviewed on 2022/04/10

Pros

It's amazing to be able to send payments with no service charge. The program is easy to use and customer service replies quickly.

Cons

There are messages on the dashboard that are inaccurate; that there are payments that are drafts that have actually gone through. They sometimes cancel payments when the client doesn't respond quickly enough and this is frustrating. The software is slow compared to other software programs.

Rhonda
Overall rating
  • Industry: E-Learning
  • Company size: 2–10 Employees
  • Used Weekly for 1+ year
  • Review Source

Overall rating

  • Value for Money
  • Ease of Use
  • Customer Support
  • Likelihood to recommend 10.0 /10

Ease of Use for International Payments

Reviewed on 2022/04/11

Pros

Easy to use. Training is simple for vendors and team members. And it doesn’t cost me a dime!

Cons

I’m sure I’m not using Veem to it’s full capacity.

Tamara
Overall rating
  • Industry: Consumer Services
  • Company size: 11–50 Employees
  • Used Weekly for 2+ years
  • Review Source

Overall rating

  • Value for Money
  • Ease of Use
  • Customer Support
  • Likelihood to recommend 8.0 /10

Overall experience with Veem

Reviewed on 2022/04/05

It's ok for now. I didn't find anything better so far.

It's ok for now. I didn't find anything better so far.

Pros

You can track your payment and always know when you will be paid.

Cons

All the features are ok, it's just that your exchange fee from dollars to Serbian dinars is pretty bad.

Herve
Herve
Overall rating
  • Industry: Management Consulting
  • Company size: 2–10 Employees
  • Used Monthly for 2+ years
  • Review Source

Overall rating

  • Value for Money
  • Ease of Use
  • Customer Support
  • Likelihood to recommend 10.0 /10

Efficiently and inexpensively make payments

Reviewed on 2022/04/06

Excellent, efficient and low cost

Excellent, efficient and low cost

Pros

The ease of use and the low cost - allow me to bypass the USPS which I have totally lost trust in and allow me to avoid the cost of overnight or priority mail services.

Cons

If a vendor is not already a user getting them to accept payment with Veem can be difficult. Also, I have one customer that received payment and has not been able to rectify their books to point payment to my account (certainly not Veem's Problem)