Wise vs. Veem

Veem

Overview
Product	Rating	Most Used By	Product Summary	Starting Price
Wise	Score 9.1 out of 10	N/A	Wise, formerly TransferWise, from the company of the same name headquartered in London, provides international accounts and payment solutions for businesses. Wise helps businesses pay international invoices, vendors, and employees with the real exchange rate, in 80 countries, boasting cheaper rates than traditional banking options. It also helps to make faster, lower-cost payouts to all business customers, freelancers, employees, investors, and suppliers around the world.	$0.41 one-time fee
Veem	Score 8.1 out of 10	N/A	Veem, headquartered in San Francisco, offers payment tools to enable businesses to streamline their processes and build business relationships with suppliers and partners all over the world. Through integrations with popular business applications. Veem Local is an online and fee-free option to send, receive, and reconcile business payments within the United States. Veem Cross Border provides access to online global payment tools and pricing and enables users to send, spend, hold and invoice…	$14.99 per month

Pricing

Wise

Veem

Editions & Modules

ATM Fees over 100 USD per month: 2%
One time/%
Accounting Funding transactions: 2%
One time/%
Receiving USD wire payments: 4.14 USD
One time/%
Getting the Wise Debit card: 5 USD
One time/%
Getting account details in 10 currencies: 31 USD
One time/%
Sending money: From 0.41%
One time/%
Converting money: From 0.41%
One time/%

No answers on this topic

Offerings

Pricing Offerings
Wise	Veem
Free Trial
No	Yes
Free/Freemium Version
No	No
Premium Consulting/Integration Services
No	Yes

Entry-level Setup Fee

No setup fee

Additional Details

—

One flat platform fee for all accounts. Get access to all platform features for a flat monthly fee of $14.99 USD ($18.99 CAD). - 2 free transactions per month. Accounts will only be charged after their 2nd completed transaction. - ACH/EFT $0 send/receive - Fast Transfer 0.5% for same or next day ACH - Check (US only) $1.99 to send - Veem Wallet $0 send/receive - International wires $0 fees and competitive exchange rates - Global Credit card 2.9% - Global Debit card 1% - Global Instant deposit 1% – min. $1.50

More Pricing Information

Community Pulse
	Wise	Veem
Top Pros	Pro Set up Pro Easy to use Pro One click	No answers on this topic
Top Cons	Minus Credit cards Minus Time to process Minus Ux design	No answers on this topic

Best Alternatives
	Wise	Veem
Small Businesses	Square Invoices Score 9.2 out of 10	Square 9 Softworks Score 9.7 out of 10
Medium-sized Companies	Apple Pay Score 9.1 out of 10	Square 9 Softworks Score 9.7 out of 10
Enterprises	Adyen Score 8.8 out of 10	Webexpenses Score 8.5 out of 10
All Alternatives	View all alternatives	View all alternatives

User Ratings
	Wise	Veem
Likelihood to Recommend	9.2 (23 ratings)	5.5 (1 ratings)
Support Rating	10.0 (1 ratings)	- (0 ratings)

User Testimonials
	Wise	Veem
Likelihood to Recommend	TransferWise For a small business looking to expand internationally, transferwise offers lower admin fee and no hidden fee which is very important. It also remove the hassle and headache of setting up accounts with the local banks. Other than the low fees, the best part is we can use transferwise safely with a peace of mind as it is being regulated by the MAS. Lastly, any small business can set up their transferwise account within minutes which is very convenient Incentivized Jenson Teo (赵俊杰） Business Development Director Read full review	Veem It is an easy tool to take a full backup of the entire AWS stack. Incentivized MS Monkeydo1 Shaw Consulting Read full review
Pros	TransferWise Quick - because funds are transferred domestically, even when going international, you don't have to wait long. Easy - the printout of what information I needed to give the sending bank was complete and easy to understand. Affordable - the fees on both ends were minimal. Incentivized Sarah Daggett Systems Manager Read full review	Veem Snapshots. Backup. Replications. Incentivized MS Monkeydo1 Shaw Consulting Read full review
Cons	TransferWise For large money transfers, the tax is a bit expensive so it would be nice if that was adjusted or if there was some economy of scale. Ability to schedule recurring transfers could be useful. Be able to transfer money by using a mobile phone number, like with Mobile Pay or Bizum, when the sender and receiver of the money are in different countries. Incentivized Verified User Anonymous Read full review	Veem Cost estimation. Policy. Incentivized MS Monkeydo1 Shaw Consulting Read full review
Support Rating	TransferWise We haven't really had to engage with TransferWise support. The platform is simple and easy to use. Incentivized Verified User Anonymous Read full review	Veem No answers on this topic
Alternatives Considered	TransferWise We considered PayPal payment, ACH bank transfer, and simply mailing a check. TransferWise's fees were much lower than PayPal and our bank. Postage might have been less than TransferWise's fee, but payment could have taken more than a week rather than hours (or days in the case of a new payee). Incentivized ES Elaine Smith Producing Artistic Director Read full review	Veem MSP360 perhaps but not as good as Veem for DR and production VM. Incentivized MS Monkeydo1 Shaw Consulting Read full review
Return on Investment	TransferWise We can save around 5% on our transfer fees The online account management is easier than going into banks personally There's no negative impact... Arpad Szucs Brand Designer \| UI, UX & Visual Designer Read full review	Veem Positive in loss of setup. Positive in prevention of disgruntle employees deleting instances. Incentivized MS Monkeydo1 Shaw Consulting Read full review
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