Claimless Payments allows funds to be automatically deposited into a first-time Payees bank account and they are not required to sign up for a Veem account to accept the payment. Since Payees (recipient, vendor, supplier, receiver, etc.) don't need an account, Veem requires more information upfront in order to verify the recipient and deposit the funds to their bank account.
When sending a payment to a payee for the first time, you'll select "Enter Recipient's Banking Details" as the preferred delivery method.
Next, you'll enter all details to "Send a bank transfer".
All information in this section, whether sending to a Business or an Individual, is required for the payment to be sent claimlessly.
Finally, review and send your payment.
Disclaimer: Claimless Payments are not a guarantee if a recipient is on any sanctions match list.
Still need help? You can chat or call our Customer Success team here.