Veem strengthens accounting integration experience with domestic fee elimination

2 min read

SAN FRANCISCO, Calif., Mar. 12, 2020 – Veem, the global payments network built for business, today announced a pricing update that further reduces the cost for Xero and Quickbooks integration users transacting on the network.

High fees and complicated accounting processes are unnecessary and frustrating challenges for companies, particularly small-to-midsize businesses. Recently, businesses have been subject to increased monthly subscription, per-use and per-transaction costs from other payment platforms — requiring businesses to spend valuable time reconciling and re-entering payment data into separate applications.

Xero and Quickbooks integration users are no longer subject to the $1.00 USD or 1.50 CAD fee when sending a payment within the United States or Canada. With the new pricing structure, Veem simplifies the accounting process while limiting costs associated with domestic payments.

Veem’s enhanced user experience allows for real-time tracking of invoices and payments, multi-level payment approval, synchronized reconciliation between apps, and the ability to manage multiple vendors and clients.

What this change means for integration users:

  • Enhanced user experience: Users are no longer required to reconcile domestic fees in their expense accounts.
  • Simple setup: Users can easily connect to Xero or Quickbooks in a few clicks through Veem’s Integrations menu.
  • Seamless integration: Businesses send and receive payments simply, securely and all in one place.
  • All-inclusive pricing: No hidden costs or monthly subscription fees.

“Veem listens to and consults our customers and partners to consistently produce innovative payment tools that are valuable to businesses.” said Marwan Forzley, Chief Executive Officer at Veem, “We want businesses to focus on what matters most to them. To do that, we ensure the accounting process is simple, secure and fast. Our latest pricing update for accounting integration users reflects our mission to deliver a seamless and robust payment experience.”

“By partnering with Veem, Aprio Cloud customers have profited from free domestic payments and saved on average between $20 – $300 per month in fees,” said Bruce A. Phillips, Managing Director and Partner at Aprio Cloud, “We are glad to see Veem extending that benefit to North American businesses. In addition to saving money, our customers have experienced reduced time during the reconciliation process and more timely, accurate data by adding Veem to their technology solution.”