Veem Wallet Funding Update
This article is to update you that the Veem Wallet is now able to be self-funded.
What changed?
Veem clients are now able to fund their Veem wallets!
How much is the current fee for funding the Veem wallet?
There is no fee for funding the Veem wallet using your bank account. However, funding the wallet with a debit card has a fee of 1.5%
When will this feature be live?
The change is live as of Thursday, January 26th, 2023.
How does this feature work?
This option can be used when the client needs to add funds to their Veem wallet to either store or send a payment on Veem or withdraw funds to their bank account of choice. The client must add an active debit card to fund their wallets.
NOTE: Veem currently supports business Visa and business and personal MasterCard debit cards for sending payments and funding the wallet.
- The wallet needs to be activated/enabled first before utilizing this feature.
How do I enable the Veem wallet?
Click here to learn how to set up/enable your Veem wallet.
How can I fund the Veem wallet?
Click here to learn how you can fund your Veem wallet.
Is the Veem wallet accessible in every country?
The Veem Wallet is available to all countries that use Veem except Brazil.
Are these payments processed in real-time?
Payments processed to debit cards and Veem wallets are real-time payments.
Is there a maximum amount being transferred?
Currently, there is no maximum amount or a cap on the number of payments that can be processed to the Veem wallet.
Can funds be stored in local currencies in the Veem wallet?
Currently, the Veem wallet can only store funds in USD. This article explains how to see the value of your wallet's balance in another currency.
Need more help? You can chat or call our Customer Success team here.