Veem fees and timelines
Veem is an easy and cost-effective way to send and receive payments domestically or internationally.
For information about Veems' pricing, please see these pages:
For more details on the Veem pricing structure, please see below:
Payables | Sending Payment Methods & Fees
|
Payment method |
Funding account |
Transaction fee |
Estimated delivery time |
|
ACH/EFT |
Bank account |
$0****/$1USD($1.50 CAD) |
3-4 business days |
|
Fast Transfer (ACH) Available April 25th |
Bank account |
0.5% of the total payment amount |
1 business day* |
|
Check (USA Only) |
Bank account |
$1.99 |
5-7 business days |
|
International Wire (Local currency) |
US Credit
|
3.5%** of the total amount 3.5%** of the total amount |
1-6 business days, depending on the receiving country |
|
International Wire (Local currency) |
Bank account |
$0** |
1-6 business days, depending on the country |
|
USD Abroad |
US Credit US Debit |
3.5%*** of the total amount 3.5%*** of the total amount |
1-6 business days, depending on the country |
|
USD Abroad |
Bank account |
$29 - $40 |
3-7 business days, depending on the country |
|
US Domestic Card Payments |
US Credit Card US Debit Card |
3.5% of the total amount
3.5% of the total amount |
1 business day |
|
Veem Wallet |
$0 |
0-5 business days, depending on the country |
* Payments to unverified accounts might take longer to process.
** Exchange rates apply for the recipient and are based on market fluctuations and payment volume.
*** A $29- $40 transaction fee will be combined with the card fee for international USD payments paid by card. The payer or the payee can pay this fee. The $40 fee applies to payments of $10,000 and over.
**** $0 (Free ACH/EFT) transactions are only available for clients using the premium plan.
Receivables | Incoming Payment Methods & Fees
|
Receiving account |
Payer method |
Transaction fee |
Estimated time to receive |
|
Bank account |
ACH/EFT |
$0****/$1USD($1.50 CAD) |
3-4 business days |
|
Bank account |
International Wire |
$0* |
1-6 business days, depending on the country |
|
Bank account |
USD Abroad |
$29 - $40 |
3-7 business days, depending on the country |
|
Bank account |
Credit Card
Debit Card |
3.5% of the total amount can be paid by you or the sender. 3.5% of the total amount can be paid by you or the sender. |
1 business day |
|
Credit Card
Debit Card |
3.5%*** of the total amount can be paid by you or the sender. 3.5%*** of the total amount can be paid by you or the sender |
Within 1 hour of verifying the payment |
|
|
Bank account |
1%** of the total payment amount |
Within 1 hour of verifying the payment |
|
|
Bank Account
Veem wallet |
$0*
$0 |
1 business day |
|
|
Credit Card
Debit Card |
3.5% of the total amount can be paid by you or the sender.
3.5% of the total amount can be paid by you or the sender |
1 business day |
* Exchange rates apply for the recipient and are based on market fluctuations and payment volume.
**$29- $40 transaction fee will be combined with the instant card fee (1%) for international USD payments processed to the debit card. The USD abroad fee can be paid by the payer or the payee; however, the 1% fee will be charged from the receiver's end.
***The instant deposit fee (1%) will be combined with the card fee (3.5%) card fee. The card fee can be paid by the payer or the payee; however, the 1% fee will be charged from the receiver's end.
Ready to get started? Click here to create your Veem account today!