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Veem Pros and Cons: Top 5 Advantages and Disadvantages

Quick AI Summary Based on G2 Reviews

Generated from real user reviews

Users value the easy payments with Veem, enabling hassle-free transactions and support without additional fees. (4 mentions)
Users praise Veem's excellent customer support, highlighting rapid problem resolution and friendly assistance. (2 mentions)
Users find the instant payment and international transfer features of Veem extremely beneficial for their transactions. (2 mentions)
Users appreciate the excellent customer satisfaction with Veem, highlighting its ease of use and supportive service. (1 mentions)
Users find Veem very easy to use, simplifying global and local payment processing effortlessly. (1 mentions)
Users report experiencing poor customer support, facing delays and unhelpful responses during critical transactions with Veem. (6 mentions)
Users consistently face delays in transactions with Veem, leading to frustration and loss of client trust. (3 mentions)
Users report poor communication from Veem, noting a lack of updates and frustrating service experiences. (2 mentions)
Users warn against Veem due to high fees and delays, calling the service frustrating and unreliable. (2 mentions)
Users face challenges with limited global availability as some regions can only receive payments, hindering usability. (2 mentions)

5 Pros or Advantages of Veem

5 Cons or Disadvantages of Veem

Veem Reviews (49)

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Veem Reviews (49)

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3.5
49 reviews
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Farai C.
FC
Farai C.
Search Engine Optimization Manager
Small-Business (50 or fewer emp.)
"Critical Reliability Failure: False status updates and zero accountability."
0/5
What do you like best about Veem?

The initial setup of the platform was straightforward, and the interface appears user-friendly. However, any positive attributes are completely overshadowed by the platform's failure to perform its core function: the reliable transfer of funds. Review collected by and hosted on G2.com.

What do you dislike about Veem?

THEY LOST MY FUNDS. The lack of transparency and the failure of their support team are unacceptable. The platform provides misleading information, claiming funds are "Deposited" when the receiving bank has no record of the transfer. Furthermore, the support team (Client Services) is unresponsive to urgent escalations and refuses to provide industry-standard tracking information, such as a Federal Reference Number or Swift MT103. Review collected by and hosted on G2.com.

John T.
JT
John T.
Director of Research
Small-Business (50 or fewer emp.)
"Fast, secure, reliable, and trackable payment transfers... once the accounts get set up."
3.5/5
What do you like best about Veem?

We run a private equity fund with which we use Veem to both make and accept payments. This allows us to securely transfer money directly to and from bank accounts and to avoid having checks get lost in the mail. Review collected by and hosted on G2.com.

What do you dislike about Veem?

The initial setup for Veem has been complicated in the past and can vary depending on the banks used. While we are able to get support from Veem, it can be time consuming for our clients and investors. This means we must troubleshoot many issues before passing things off to Veem. Review collected by and hosted on G2.com.

Steve R.
SR
Steve R.
CEO
Small-Business (50 or fewer emp.)
"Huge strip. Never explained"
1/5
What do you like best about Veem?

They take businesses. Not many services do that. Review collected by and hosted on G2.com.

What do you dislike about Veem?

I don't trust their systems. The first time I tried to use them they wanted to charge me $243 to move $800 to an employee in Greece. I complained about it. They took their time in answering me and never did answer what happened. I dropped them like a hot potato. I don't trust it. Review collected by and hosted on G2.com.

Nora A.
NA
Nora A.
Senior Graphic Designer
Design
Mid-Market (51-1000 emp.)
"Great for Local Payments, But Wire Fees and Limited Transfers Need Improvement"
2.5/5
What do you like best about Veem?

I can easily receive payments from my client in my local currency. Easy onboarding experience Review collected by and hosted on G2.com.

What do you dislike about Veem?

I can’t transfer money to PayPal or Payoneer, and the wire transfer fees are too high. Review collected by and hosted on G2.com.

Byron S.
BS
Byron S.
Senior IT Business Analyst
Small-Business (50 or fewer emp.)
"HORRIBLE, STAY AWAY!!!"
0/5
What do you like best about Veem?

The service acts like a bank, no big frills really. Review collected by and hosted on G2.com.

What do you dislike about Veem?

STAY AWAY!!!!!!! PLEASE DO NOT USE THIS PLATFORM!!!

If I could give 0 stars, I would!! This platform, and the company as a whole, are just horrible!

I have several documented incidents where clients have submitted funds for payment and Veem has held onto the funds longer than their own policy states. The generic answer we would receive, "Please accept our apologies...it's due to a third-party issue...".

This answer would only come once you have escalated the matter and exhausted all other options to get someone on the phone. I informed our client that we can no longer use this platform, and they fully supported our team, as they had full visibility of the issues.

NOTE: We pay for the "instant transfer" service, and due to the large deposits we are charged the max $20 for each transaction....and STILL, they are always delayed depositing funds. Coming up with a last minute excuse to place blame elsewhere. Also, IF you are given a refund due to their delays, they still charge you to refund your own $. How crazy is that!?!? Review collected by and hosted on G2.com.

AA
Affan A.
Senior Technical Recruiter
Mid-Market (51-1000 emp.)
"Veem, a great software program"
5/5
What do you like best about Veem?

I have been using Veem from the last 2 years to get my salary directly from United States. It is very easy to use and simplifies processing payments locally as well as globally. I really value the competitive exchange rates and cheaper costs when compared to more standard methods. It simplifies payments with clients and suppliers, allowing secure and fast transactions. It is very easy to use and I use it many times in a month to receive the salary and incentives from my client in US which it easily converts into Indian rupees and directly credits into my bank account without nay delay. The customer support is also very good and friendly.

I recommend everyone to use Veem which is very safe and secure. Review collected by and hosted on G2.com.

What do you dislike about Veem?

I have been using Veem for the last two years and have never found anything to be disliked. It easily transfers the dollars into Indian rupees and credits into my bank account without any delay.. Review collected by and hosted on G2.com.

𝕴𝖘𝖒𝖆𝖎𝖑 .
𝕴
𝕴𝖘𝖒𝖆𝖎𝖑 .
Founder
Small-Business (50 or fewer emp.)
"useful for small businesses registered in usa"
5/5
What do you like best about Veem?

one link payment directly into their wallet and now they have instant payment from credit or debit cards. you can also send funds almost anywhere in the world. security is good as to login you must use 2fa. their customer support is unmatchable. your problem gets resolved instantly. Review collected by and hosted on G2.com.

What do you dislike about Veem?

For their virtual card, i still don't understand why they ask extra verification, it supposed to be based on provided details Review collected by and hosted on G2.com.

Agnes Josephine C.
AC
Agnes Josephine C.
Paralegal
Small-Business (50 or fewer emp.)
"Easy payment platform for remote workers"
4.5/5
What do you like best about Veem?

easy to understand interface

transparent exchange rates

active customer service Review collected by and hosted on G2.com.

What do you dislike about Veem?

remittance from veem to local bank can take a while Review collected by and hosted on G2.com.

James O.
JO
James O.
Business Development Representative
Outsourcing/Offshoring
Mid-Market (51-1000 emp.)
"VEEM - Quick & Effecient."
4/5
What do you like best about Veem?

I can pay bills with Visa or Mastercard, even to businesses that don't accept cards, or use Veem Wallet for free global USD transfers. Review collected by and hosted on G2.com.

What do you dislike about Veem?

While Veem supports 80+ currencies and 110+ countries, some regions can only receive payments, and credit card transactions incur higher fees for customers. Review collected by and hosted on G2.com.

Randy M.
RM
Randy M.
Agency Owner
Small-Business (50 or fewer emp.)
"Delayed verification and invoicing"
0/5
What do you like best about Veem?

Integration with Quickbooks and invoicing. Review collected by and hosted on G2.com.

What do you dislike about Veem?

Nearly 3 weeks and invoices are still pending verification. Support has not been any help after sending all of the verifications needed for our company. Avoid at all costs for any international invoicing. Review collected by and hosted on G2.com.