Software · head to head
Veem vs Wise Business
Wise Business
Software
The smart way to send and receive business payments
- From
- $29/month
- Rated
- -
The short version
- Each has a real cost: Veem per-transaction fees can be higher than dedicated wire transfer services for large volumes; Wise Business opening a Wise Business account in the UK carries a one off setup fee of 50 GBP
- They diverge on capability: Veem covers International payments, Wise Business covers Multi-currency accounts.
Where they differ
Only the attributes on which Veem and Wise Business actually diverge.
| Attribute | Veem | Wise Business |
|---|---|---|
| Starting price | $14.99/month | $29/month |
| Pricing model | Unknown | usage-based |
| Platforms | Web, iOS, Android | Web, Ios, Android, Api |
| Founded | 2014 | 2011 |
Identical on both: free tier (No), user rating (Not yet rated), category (Unknown).
What each one covers
Drawn from each product's published feature list. An absence here means we hold no record of it - not that the product lacks it.
Only in Veem
- International payments
- Multi-currency
- Invoice creation
- Payment tracking
- Accounting sync
- NetSuite
- SOC 2
- Encryption
Only in Wise Business
- Multi-currency accounts
- International transfers
- Batch payments
- API access
- Team management
- Various
- FCA regulated
- Bank-level security
Both cover
- QuickBooks
- Xero
- Web support
- Ios support
- Android support
What people use each for
The jobs each tool is most often brought in to do.
Veem
- International vendor paymentsnot Wise Business
- Cross-border transactionsnot Wise Business
Wise Business
- Holding and converting multiple currencies as a businessnot Veem
- Paying international suppliers and contractors at the mid market ratenot Veem
- Receiving payments into local currency account details in several countriesnot Veem
Where each one falls short
Documented limitations, not opinions. Every one is a constraint you would hit in normal use.
Veem
- Per-transaction fees can be higher than dedicated wire transfer services for large volumes
- No free tier - even basic sending incurs transaction fees
- Premium plan pricing at $14.99/month may not offset savings on transaction fees
- Limited banking partnerships compared to larger financial platforms
Wise Business
- Opening a Wise Business account in the UK carries a one off setup fee of 50 GBP
- Volume discounts on transfers start only above 20,000 GBP equivalent sent per month
Pricing, plan by plan
Veem
$14.99/monthNo published plan breakdown. See the Veem review.
Wise Business
$29/month- StandardFree
- Multi-currency account
- Real exchange rate
- Batch payments
Which should you pick?
Choose Veem if
- You need international payments.
- You work on Web, iOS, Android.
- You also want multi-currency.
Choose Wise Business if
- You need multi-currency accounts.
- You work on Web, Ios, Android, Api.
- You also want international transfers.
Questions people ask
- Is Veem or Wise Business better?
- Neither clearly leads. Veem starts at $14.99/month and Wise Business at $29/month, and user ratings are close enough to be indistinguishable. Choose on capability and platform support.
- Which is cheaper, Veem or Wise Business?
- Veem starts at $14.99/month and Wise Business at $29/month.
- Does Veem or Wise Business run on more platforms?
- Veem runs on Web, iOS, Android. Wise Business runs on Web, Ios, Android, Api.
- What is Veem best used for?
- Veem is most often used for international vendor payments, cross-border transactions. Of those, international vendor payments and cross-border transactions are not what Wise Business is typically brought in for.
- What can Veem do that Wise Business cannot?
- Veem covers International payments, Multi-currency, Invoice creation, Payment tracking. Wise Business covers Multi-currency accounts, International transfers, Batch payments, API access. Both handle QuickBooks, Xero, Web support, Ios support.
Answered from the vendors’ own pages
Veem: What payment methods does Veem support?
Veem supports ACH transfers, checks, wallet transfers, and international wires. Payment methods vary by destination country and user preference.
SourceVeem: Is there a free tier?
No free tier. Veem charges per-transaction fees based on payment method and destination, with optional Premium Plan at $14.99/month offering enhanced features.
SourceVeem: What integrations does Veem have?
Veem integrates with QuickBooks, Xero, QuickBooks Online, NetSuite, Zapier, Plaid, and PopBookings for automated accounting and workflow integration.
SourceVeem: How does Veem handle exchange rates?
Veem uses claimed competitive exchange rates and provides transparent pricing. Transactions are routed through different payment rails (credit cards, checks, cryptocurrency) based on the destination.
Source