Yes, in order to receive a payment with Veem, you need to create an account. If your recipient has never used Veem before, they will receive an email letting them know they have received a payment with Veem. They will be prompted to enter their banking information, their business information, and a secure password. This one-time account set-up shouldn't take longer than five minutes.
Future payments between you and your payee will now be seamless!
Need more assistance getting started with Veem? Contact our Customer Success team for personalized support.