Veem

Name: Veem
Brand: Veem
Rating: 4.1 (2144 reviews)

Veem is the easiest way for businesses to pay and get paid.

Est 2014|Valuation $216M|Raised $134.4M|30 Ref Customers

LinkedIn 20K|Web traffic 228K|FTEs 106|HQ San Francisco, California, US

MarketsB2B Payments Cross-Border Payments

01Competitive Landscape

Narrative analysis

Where Veem's features may be stronger - Payment rail flexibility: combination of wallet, cards, checks, and bank transfers in one tool. - International and local-currency support: wallet support for a limited set of currencies and broad country coverage for send/receive in many corridors. - Simpler onboarding in some small-team scenarios, as reflected in certain user comments and vendor positioning. Where alternatives may offer advantages - Bill.com: more established AP controls and a clearer domestic fee model, suitable for workflows requiring PO matching and advanced AP features. - Melio: simpler international USD pricing in many corridors and straightforward SMB-oriented workflows. - Wise Business and Airwallex: options that may provide more transparent FX pricing or treasury features for companies with significant FX volume (comparison should be corridor-specific). Customer evidence comparing Veem to competitors - Some reviewers mention switching from PayPal due to fee differences. - Veem's comparison pages include claims about support availability; review evidence is mixed and suggests buyer validation of support expectations is advisable.

	Veem	Bill.com (BILL)	Melio
Starting Price	Basic: free; Premium: monthly paid plan	Pricing varies by plan; transaction fees apply	Typically free core software; fees apply per transaction type
Domestic ACH fee	Premium: free for core ACH in some cases; Basic: small per-transfer fee	Per-transaction ACH/ePayment fees apply	Often free for ACH in core flows (details vary)
International USD wire fee	Receiver-side fees apply for USD payouts in some corridors	International USD wire fees apply	Fixed international USD fee in many corridors
Most suitable for	SMBs needing multi-rail payments, wallet capabilities, and basic approvals	Teams seeking AP automation with established controls and predictable fee structure	SMBs seeking simple bill pay and international payments (US-originating)
Key strength	Multi-rail flexibility (bank, cards, checks, wallet) and SMB-oriented workflows	Mature AP workflow automation and clear per-transaction fee structure	Straightforward UX and fixed international USD fee in many corridors
Key weakness	Reported issues with payment delays and support; fee complexity for some use cases	Can become costly at scale and may introduce product complexity	International delivery is often via wires and typically US-origin restricted

01Competitive Landscape

Narrative analysis

Where Veem's features may be stronger

Payment rail flexibility: combination of wallet, cards, checks, and bank transfers in one tool.
International and local-currency support: wallet support for a limited set of currencies and broad country coverage for send/receive in many corridors.
Simpler onboarding in some small-team scenarios, as reflected in certain user comments and vendor positioning.

Where alternatives may offer advantages

Bill.com: more established AP controls and a clearer domestic fee model, suitable for workflows requiring PO matching and advanced AP features.
Melio: simpler international USD pricing in many corridors and straightforward SMB-oriented workflows.
Wise Business and Airwallex: options that may provide more transparent FX pricing or treasury features for companies with significant FX volume (comparison should be corridor-specific).

Customer evidence comparing Veem to competitors

Some reviewers mention switching from PayPal due to fee differences.
Veem's comparison pages include claims about support availability; review evidence is mixed and suggests buyer validation of support expectations is advisable.

	Veem	Bill.com (BILL)	Melio
Starting Price	Basic: free; Premium: monthly paid plan	Pricing varies by plan; transaction fees apply	Typically free core software; fees apply per transaction type
Domestic ACH fee	Premium: free for core ACH in some cases; Basic: small per-transfer fee	Per-transaction ACH/ePayment fees apply	Often free for ACH in core flows (details vary)
International USD wire fee	Receiver-side fees apply for USD payouts in some corridors	International USD wire fees apply	Fixed international USD fee in many corridors
Most suitable for	SMBs needing multi-rail payments, wallet capabilities, and basic approvals	Teams seeking AP automation with established controls and predictable fee structure	SMBs seeking simple bill pay and international payments (US-originating)
Key strength	Multi-rail flexibility (bank, cards, checks, wallet) and SMB-oriented workflows	Mature AP workflow automation and clear per-transaction fee structure	Straightforward UX and fixed international USD fee in many corridors
Key weakness	Reported issues with payment delays and support; fee complexity for some use cases	Can become costly at scale and may introduce product complexity	International delivery is often via wires and typically US-origin restricted