Payments

Why-is-it-so-hard-to-send-money-to-the-Philippines-

While the United States and the Philippines have had a lucrative trade relationship for over one hundred years, trade between the two countries has radically expanded over the past decade. But it can still be very difficult to send money to the Philippines.   Veem is here to help small businesses get over the obstacles, headaches and endless fees they incur when sending global business payments. Here...

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Why-is-it-so-Hard-to-Send-Money-to-India-

Although the US trade deficit with India decreased in 2016, trade between the two countries remains strong and healthy. Outpacing imports, exports have been particularly strong. Still, imports remain healthy, accounting for $7.25 billion annually. So why, then, is it so hard to send money to India? With such strong import numbers and a healthy trade relationship, more and more small- and medium-sized businesses (SMBs) are...

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Why-is-It-So-Hard-to-Send-Money-to-Hong-Kong

After experiencing marginally lower growth in 2015-2016, Hong Kong’s exports have already begun to rise in 2017. More and more U.S. small businesses today send money to Hong Kong each year, many sending bigger and more frequent global payments to Hong Kong all the while, which can be a complex, error-prone process.   We compiled several key points small businesses should consider when they send, or are...

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Why-is-it-so-Hard-to-Send-Money-to-China-

The United States’ trade relationship with China is an important economic one. With nearly half a trillion dollars in goods being imported into the States from China in 2016 alone, it begs the question: why is it so difficult to make payments to Chinese businesses? Shouldn’t it be easier to send money to China?   Clearly, our country’s robust trade arrangements should allow for facilitated wire payments, but most...

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Veem-QBO-Integration

Veem is pleased to announce the beta release of our new integrated payment solution in partnership with Quickbooks Online. Now you can pay your global suppliers directly from Quickbooks Online while getting all the advantages of the Veem experience – simple and fee-free wire transfers to over 60 countries.   Veem’s QuickBooks Online integration is especially important for small businesses sending regular international supplier...

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Why-is-it-so-Hard-to-Send-Money-to-the-US-

The United States is a powerhouse of international business, ranking as the 2nd largest export economy and 5th most complex economy in the world. Even though, in 2015 alone, the US exported $1.38T in goods and services. Our trade relationships with the EU ($495B), China ($457B), Mexico ($291B), Canada ($288B), and India ($21B) prove that businesses across the US are dealing heavily in global trade. But...

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