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.
If you're utilizing the Quickbooks Online integration with Veem, prior to sending payments, you'll need to add your vendors as contacts to your Veem account in order to send Claimless Payments.
In your Veem account, go to the My Network tab on your dashboard. To the right-hand side of the page, click the "+" to Add a new contact.
Add the contacts' email and country, and uncheck "send email inviting this contact to join Veem". See the image below:
Next, you'll add all the details for this contact. ALL DETAILS IN THESE SECTIONS ARE REQUIRED IN ORDER TO SEND A CLAIMLESS PAYMENT. These sections include:
- Contact Details
- Contact Business Details
Note: If you don't know the contacts TIN/EIN, you can fill that box in with zeros. EX. 00000000
- Contact Bank Details
Click submit. Your contact is now added to Veem.
Now, when you are paying bills out of the Quickbooks tab on your Veem dashboard, all you need to do is ensure the vendors email in Quickbooks matches the contact you set them up with in Veem.
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.