Veem now offers the flexibility to make payments with credit cards and debit cards for faster transfers.
Who can pay using a credit card?
Starting October 25th, 2022, this feature is available for all accounts located in the countries currently supported by Veem.
Can I use my card to fund all of my payments?
Yes, clients can send payments funded from their card to any recipient in the US and to international recipients that are receiving in USD or their local currency.
Is there a limit to how much I can send when using my card to fund the payment?
There is a $50,000 USD limit per payment. For any payments over $50,000 USD, please reach out to Veem's client services at clientservices@veem.com
How much does it cost to send payments with my card?
- For clients located in the US, there is a 2.9% fee when using a credit card. Clients located outside the US are subjected to a 3.9% fee when using a credit card to fund payments.
- A 1% fee will be charged when using a debit card to fund payments and no fees for your recipient.
How do I select to use my card when creating a payment?
Any card that successfully meets the funding criteria, will be displayed as a funding method in the payment flow. Simply select the card as the primary funding method and complete the payment.
To make your card the default debit method, please go to Settings > Send Payment > Defaults.
Which type of card can I use?
We currently support business Visa cards, and business and personal MasterCards.
Are these payments processed in real-time?
Payments funded by debit or credit cards are not real-time payments.
What is the standard processing time for a credit card payment?
The standard processing time for credit card payments is 1 business day after the payment has been verified. For more details on card payment timelines, click here.
Can I set up more than one credit card on my Veem account?
At this time, clients are able to set up more than one card on their accounts.
Can I use my card to pay synced bills from QBO or Xero?
Yes, when the credit card is selected as the primary sending payment method.
Can I use my card to fund MassPay payments?
Yes with the limit of $50,000. If more than $50,000 then the MassPay payments will be funded by the bank account on file.
Click here for help in adding a credit card to your Veem funding methods.
Still need help? You can chat or call our Customer Support team here.