Veem
by Veem · Global Payouts
B2B payments platform for domestic and international transfers, invoicing and AP/AR.
Updated August 2026 · By the ERP Research Editorial Team · Independent and vendor-neutral.
- Works with
- QuickBooksXero
NetSuite - Deployment
- Cloud
- Company size
- SMB, Mid-market
- Pricing
- Tiered subscription plus per-transfer fees
- Founded
- 2014
- Headquarters
- San Francisco, United States
Overview
Veem is a global business payments platform, originally founded in 2014 as Align Commerce before rebranding, offering domestic and international B2B money transfers, invoicing, and accounts payable/receivable tools aimed mainly at small and mid-sized businesses. The company reports its network serves more than 500,000 businesses in over 100 countries, and routes payments through what it calls multi-rail technology spanning bank transfer, card and check.
The platform centers on payables and receivables workflows: batch payment processing, configurable approval flows, 1099 contractor tracking, and two-way sync with accounting software so bill status and reconciliation stay current without manual re-entry. A Veem Wallet lets users hold and self-fund balances.
Veem integrates with QuickBooks Online, Xero and Oracle NetSuite, and exposes an API for embedding payments into other workflows. Pricing is tiered, from a free plan through a $14.99/month Basic plan, with per-transfer fees that vary by rail (ACH, same-day ACH, international wire, card).
Screenshots & demo
Demo video from the vendor's YouTube channel.
Features & capabilities
Global & Domestic Payments
Send and receive B2B payments across borders and payment rails.
- International wire transfers to 100+ countries
- Domestic ACH/EFT transfers
- Check payments
- Same-day ACH transfers
- Batch/CSV payment uploads
- Real-time payment status tracking
- Multi-rail routing (bank transfer, card, check)
Accounts Payable & Receivable
Manage bill pay and invoicing in one workflow.
- Unlimited accounts payable and receivable management
- Invoicing
- 1099 contractor tracking
- Configurable approval workflows
- Veem Wallet for holding and self-funding balances
Accounting Integrations
Two-way sync with major accounting platforms.
- QuickBooks Online integration (bill pay and invoice sync)
- Xero integration
- Oracle NetSuite integration
- Automatic reconciliation via payment-status sync
Platform & Trust
APIs and account tools for scaling payment operations.
- REST API access
- Multi-user roles and permissions
- SOC 2 Type II and PCI-DSS compliant infrastructure
- 46 US state money-transmitter licenses
Common use cases
- Paying international suppliers or contractors without maintaining foreign bank accounts
- Automating accounts payable approval workflows for a small finance team
- Collecting and reconciling customer invoices through QuickBooks or Xero sync
- Sending contractor payments with 1099 tracking
- Using the API to embed payouts into a marketplace or SaaS platform
- Choosing between ACH, wire, or card rails based on cost and speed
Strengths & considerations
Strengths
- Multi-rail routing that can deliver payments via bank transfer, card, or check depending on the recipient
- Free plan and transparent per-transfer pricing aimed at small businesses
- Two-way sync with QuickBooks Online, Xero and NetSuite that eliminates manual bill reconciliation
ERP integrations
Syncs bill status and pulls open invoices for payment
Pricing
ACH/EFT transfers are free on paid plans ($1 on the free tier); same-day ACH costs 0.5% of the amount; USD international transfers cost $29-$40; card payments cost 1.5-3.75% of the amount. Get an independent shortlist with pricing guidance below.
Technical & security
- Hosting
- SaaS
- Compliance
- SOC 2 Type II, PCI DSS
About the vendor
- Founded
- 2014
- Headquarters
- San Francisco, United States
- Ownership
- Private
Alternatives to Veem in Global Payouts
Veem — frequently asked questions
What accounting software does Veem integrate with?
Veem offers two-way integrations with QuickBooks Online, Xero and Oracle NetSuite, syncing bill and invoice data so payment status and reconciliation stay current without manual entry.
How much does Veem cost?
Veem has a free plan and a Basic plan starting at $14.99/month with two included transactions. ACH/EFT transfers are free on paid plans, while same-day ACH costs 0.5% of the transfer amount and USD international transfers cost $29-$40 depending on the amount.
Does Veem support international payments?
Yes. Veem routes cross-border B2B payments to more than 100 countries using a mix of bank transfer, card and check rails, alongside domestic ACH/EFT and same-day options in the US.
Is Veem secure and compliant?
Veem holds SOC 2 Type II attestation and is PCI-DSS compliant, and it maintains money-transmitter licenses in 46 US states.
Evaluating Global Payouts?
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