What are Veem Pay Direct Payments?
Discover Veem Pay Direct, explore how this feature enables automatic fund deposits into a first-time payee's bank account without needing a Veem account, streamlining payment acceptance.
Since Payees (recipients, vendors, suppliers, receivers, etc.) don't need accounts, Veem requires more information upfront to verify the recipient and deposit the funds into their bank accounts.
Some transactions may require further validation by the receiver and will not be eligible as direct payments. Pay Direct payments must be sent in the recipient's local currency. Individuals in China receiving CNY do not qualify for Claimless Payments.
For a walkthrough on how to send a Pay Direct Payment, see the How to Pay Direct a contact (formerly Claimless)
Disclaimer: Claimless Payments are not guaranteed if a recipient is on any sanctions match list.
Still need help? You can chat or call our Customer Success team here.