1. Help Center
  2. Veem Basics FAQ

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

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


US Debit

3.5%** of the total amount

3.5%**  of the total amount

2-7 business days depending on the receiving country

International Wire

(Local currency)

Bank account

$0**

2-7 business days depending on the country

USD Abroad

US Credit

US Debit

3.5%*** of the total amount

3.5%*** of the total amount

2-7 business days depending on the country

USD Abroad

Bank account

$29 - $40

2-7 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

Veem Wallet

$0

1-7 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. 

***$29- $40 transaction fee applies as well as the card fee. This fee can be paid by the payer or the payee.

Receivables | Incoming Payment Methods & Fees

Receiving account

Payer method

Transaction fee

Estimated time to receive

Bank account

ACH/EFT

$0

3- 4 business days

Bank account

International Wire

$0*

2-7 business days depending on the country

Bank account

USD Abroad

$29 - $40

2-7 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

Instant Deposit 

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

Instant Deposit 

Bank account

1% of the total payment amount 

Within 1 hour of verifying the payment

Veem Wallet

Bank Account

 

Veem wallet

$0*

 

$0

1 business day 

Veem Wallet

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. 

Ready to get started? Click here to create your Veem account today!