Competitors
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Veem is a global payment platform that simplifies sending and receiving business payments across over 100 countries and 80+ currencies. It offers features like payment scheduling, mass pay, real-time tracking, and integrations with accounting software. Veem supports various payment methods including bank transfers, cards, and virtual cards, aiming to streamline accounts payable and receivable processes for businesses.
Feature Matches14/15
See all14/15
Must Have
5 of 5
Mid-Market Exchange Rate Transfers
Transparent Low Fees
Multi-Currency Account
Borderless Debit Card
Fast Transfer Execution
Other
9 of 10
Batch Payments
API Integration
Business Account Features
Invoice Creation
Spending Analytics
Mobile App
Regulatory Compliance
Multi-User Access
Customer Support
Real-Time Rate Alerts
PricingFreemium
See allFreemium
FREE
$0.00 one time
- Send, schedule and request payments
- Upload an invoice or create your own
- Payment Tracking
- Instant Deposit (receive)
- Unlimited Payment Options
- Payment Expediting (Fast Transfer)
- Global Instant Deposits
- Recurring Payment/Invoices
- Free International Bank Transfer (send)
- Invite your accountant
- Payment reminders
- Receive Payments
- Request Payments
- Pay Link
- Invoice Builder
- Countries Served
- Bank Transfers (multiple speeds including real-time)
- Cards (make payments by debit or credit card)
- Checks (send unlimited checks anywhere in the U.S.)
- Global Instant Deposit (receive)
- Veem Wallet (transact globally without fees)
- Virtual Card (get paid quicker and manage spend)
- Domestic Bank Transfer (ACH/EFT) send: $1 USD/transaction ($1.49 CAD)
- Check (US Only) send: $1.99
- Same-Day Bank Transfer send: 0.5%
- Instant Bank Transfer (minutes) send: 1% (up to $20 max)
- International Payments in USD receive: $29 ($40 over $10K for transactions over $10K)
- Pay with Debit Card send: 1.5% (US cards), 3.5% (international cards)
- Pay with Credit Card send: 3.5%
- Instant Deposit (Receive into Debit Card) receive: 1%
- Virtual Debit Card send: 3.5%
- Mass Pay not included
- Approval Workflow not included
- Accounting Integrations not included
Premium
$24.99 monthly
- All Basic plan features
- Automations (Customizable Approval Workflows and Mass Pay)
- Exclusive Pricing (Send/receive unlimited free domestic transfers)
- Integrations (Real-time sync with QuickBooks Online, Netsuite and Xero)
- Mass Pay
- Approval Workflow (No per user fees)
- Accounting Integrations
- Free Domestic Bank Transfers (ACH/EFT) send
- Check (US Only) send: $1.99
- Same-Day Bank Transfer send: 0.5%
- Instant Bank Transfer (minutes) send: 1% (up to $20 max)
- International Payments in USD receive: $29 ($40 over $10K for transactions over $10K)
- Pay with Debit Card send: 1.5% (US cards), 3.5% (international cards)
- Pay with Credit Card send: 3.5%
- Instant Deposit (Receive into Debit Card) receive: 1%
- Virtual Debit Card send: 3.5%
Rationale
Veem offers global payment solutions for businesses, aligning well with the concept of cross-border payments and multi-currency management. They explicitly state competitive exchange rates and no hidden fees, which matches 'mid-market-exchange-rate-transfers' and 'transparent-low-fees'. Their 'Veem Wallet' and 'Virtual Card' features align with 'multi-currency-account' and 'borderless-debit-card'. They also mention 'real-time' and 'instant' transfer options, supporting 'fast-transfer-execution'. Furthermore, Veem provides 'Mass Pay' for batch payments, 'API documentation' for integration, 'Approvals' and 'Accounting Integrations' for business features, 'Invoice Builder' for invoice creation, 'Payment Tracking/Reports' for spending analytics, and emphasizes 'Trust and Security' for regulatory compliance. While a dedicated mobile app isn't explicitly highlighted as a core feature, the overall platform functionality suggests mobile accessibility. Multi-user access is covered by 'Approvals' and 'Add team members'. Customer support is implied through 'Help Center' and 'Contact' options.
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Reddit·tech_enthusiast·2d ago·+142
I've been using Alternative A for 6 months now and it's been fantastic. The pricing is much better and the features are actually more robust than what [Product] offers.
Show HN: We built a better [Product]
Hacker News·startup_founder·5d ago·+89
After struggling with [Product]'s limitations, we decided to build our own solution.
It handles edge cases much better and the API is actually documented properly.
Check it out at our site.
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Reddit·confused_buyer·Nov 7·+67
Honestly, after trying both, Competitor B wins hands down. Better customer support, cleaner interface, and they don't nickel and dime you for every feature.
Why we migrated away from [Product]
Hacker News·cto_mike·Nov 4·+234
The breaking point was when they changed their API without notice. We lost 3 days of productivity. Solution C has been rock solid for us since we switched.