Veem
25 Reviews
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BS
Bryan Struckmann
Posted 25 Oct 2022
Poor Support
We have used Veem for two years, however support is now too slow. We had issues with payments from our clients customers all of sudden coming into the firms bank account. Took over two days to get an answer. The answer is unacceptable, they use the email address in the Xero contacts to determine where the funds go. This is absurd as they get the payee and payor information on the Xero invoice. In addition, their claim to fame was cheaper international wires. We had a customer of a client located in New Zeeland and we could not get the wires to work. I have moved all of my clients from this platform
SM
Sabrina Mirza
Posted 26 Aug 2022
Really disappointed
At first this started out to be a great option and was cheaper than banks, but now not only does it fail to hold up that initial promise, it has created crazy steps for our clients to pay us! This is is ridiculous. Clients' should not have to go through loop-holes just to process a payment. We have had many clients cancel the procedure because it is just too much of a headache and we totally agree with them. Companies do not have time for this - really disappointed on how this turned out .. we will be looking for other options and phasing Veem out. Just too bad ...
Response from Veem
Hi Sabrina,
We are so sorry to hear that your experience with Veem has not been up to standard. We would like to have a conversation regarding the challenges you and your clients are facing, I’m sure we will be able to find a solution. Could you please drop us a line at customerservice@veem.com and we will respond right away. Thank you for taking the time to share your feedback.
YA
Yulia Antonova
Posted 24 Aug 2022
Not cheaper anymore
It was cheaper than banks, but not anymore. When I started with Veem it was $20 per international wire transfer, and my bank charged $40. Then within a short time Veem has risen their price to $30 and then to $40 per transfer. My nbank still charge $40. Now it doesn't make any sense to use them.
Response from Veem
Hi Yulia,
Thank you for being a long-time Veem customer, we truly value your association. We apologize for the confusion on our wire transfer prices. While we still charge $29 for all transactions under $10k, only transactions over $10k are charged $40. Unlike banks our Fx rates are much cheaper and our process is transparent, where both you and the recipient are updated on every step through a payment tracker. We would love to speak with you to ensure you are using all the product features we offer and your business is set up for success. Please reach out to customerservice@veem.com and we’ll get right back to you. Thank you for taking the time to share your feedback.
RH
Robert Henderson
Posted 23 Aug 2022
Cheaper than banks but not easier
Clunky setups, not all xero accounts available to link payments too. Had to reintegrate with xero three times in 5 years. If it wasn’t cheaper than banks for intnl payments, I’d never use them again. Still looking for a better solution.
Response from Veem
Hey Robert,
To begin with, Thank you for being a Veem customer for the last 5 years. We truly value your association.
We’re sorry you are facing challenges with the Xero x Veem integration. Your feedback has been noted and shared with our Product team. Our team is keen to review your account to ensure it is set up for success with the Xero Integration. Could you please drop a line to customerservice@veem.com, and we’ll get right back to you. Thank you for taking the time to share your feedback.
JK
Judah Kosky
Posted 2 Apr 2021
Good price point annoying workflow and lacking important features
So I like the free domestic payments and such. There integration with Xero is amazing. However they lack some critical components that you would think should be standard for AP or AR.
- their premade user settings are flawed. If you have user power, you also have the power to make yourself or anyone else an approved. This makes sense if you could customize the different abilities, but they have made it that some users get the user power without actually needing to. This is a security issues.
- Automatic recurring bills or invoices are not available. They keep talking about it, but after2 years they aren’t where closer.
- setting up new vendors is deceitful and not straightforward. They try to get you to always send vendors an invite into Veem. This can cause the payments to get stuck. Many vendors get frustrated with this.
- check pay... well they FINALLY rolled out a beta version of check pay, but they lack some critical components like being able to have a memo line on the check.
- still no credit card pay.
All in all... UX had a clunky feel.
Overall, I am not impressed and kinda frustrated after using them for 2 years... they keep letting me down.
MS
Megan Shell
Posted 12 Nov 2020
I thought this was going to save time, but it's been nothing but a headache. 1: When you connect Veem to Xero it takes up your Credit Card payment link spot, so if you want to offer your customers an ACH option and a Credit Card option on the same invoice, tough - you can't do it. I called. 2: It charges your customers $1 to pay their invoices. Maybe your clientele is fine with this, mine is not and they were not upfront about this fee when we signed up. 3: If you want to send payment to your vendors it is not as easy as putting in their bank info and sending the payment. The vendor has to be willing to make a Veem account and accept their payment. Our vendors just aren't interested in doing business this way. This probably works well in some industries but it doesn't fit ours at all sadly. That said, I am at least glad I'm not out any money for giving it a try - just a lot of time getting it set up.
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