Paid Now enables businesses to offer payment terms to their customers risk-free. With Paid Now, you can select invoices you would like to get paid early, and Veem will advance you the funds within one business day.
To use Paid Now, you must first apply for the program from your Veem Dashboard.
To use Paid Now, simply send an invoice or payment request from your Dashboard normally. Once you have sent an invoice that you would like to be paid immediately, Veem sends the recipient (your customer) an email to enroll and get approved within minutes. Once approved, Veem will advance you the invoice amount (minus the 2% fee) and you’ll see the money in your account the next day.
Your customers will have 30 days interest-free to pay the invoice. They will also have the option to extend repayment (up to 6 months) within their own Veem account, at their own cost.
Unlike invoice factoring, with Paid Now your business isn’t on the hook for late payment from your customer.
Learn more about how to offer net payment terms with Paid Now.
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