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How to receive funds in the Veem Wallet

The Veem Wallet can be used as an alternative receiving account for USD transactions, for clients with active and verified Veem accounts.

Thus, clients can opt to receive funds in USD directly in their wallets. To achieve this, they must activate the Veem Wallet first.

 

Once activated, to receive funds in the Veem Wallet: 

Step 1: Please begin by navigating to the account settings on the dashboard 

Step 2: Please go to the Get Paid tab on the settings page.

Step 3: Under Defaults, locate the default receiving account drop-down menu at the bottom of the page, then select Veem Wallet.

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Step 4: Once the Veem Wallet is active and set as the default receiving account, new USD payments are directly deposited into it.

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That's it. Once funds are deposited in the wallet, clients can choose to use them to send payments to other vendors or withdraw funds from their wallet to their bank account.

 

NOTE: Before the payment is sent, the Veem wallet needs to be set as the default receiving account.

             - All transfers made in the local currency will continue to be deposited in the bank account linked to the Veem account.

 

Still need help? You can chat or call our Customer Success team here.