Veem vs. Transferwise …. And, the winner is?
Are you looking for an affordable and secure way to send money domestically and abroad?
Veem and TransferWise are your best bet as both are dominant players on the money transfer scene with industry-leading peer-to-peer technology, making transactions less expensive.
The question is - which is right for you?
Both have plenty of benefits, including:
Money usually arrives in 2-4 business days; in some cases, funds become available within one business day.
Affordable: Both services promote transparent fees and low foreign exchange rates. Veem and TransferWise both allow the sender/recipient to see what the exchange rate for the selected country is - and show the user what the recipient will receive. (see images below)
Easy to use : Both UIs (user interface) are informative and easy to use after an initial one time sign up you will be able to send money to over 100 countries in a blink of an eye on either platform. Accounts are free to set up; all you need is either a business email address or Google account.
Secure: Both services claim to offer bank-level security, and allow you to track your transfers online.
But, there has to be a winner - so which is it?
Similarities aside, there are still some significant differences between Veem and TransferWise, including the fee-structure, added extras, and even the currencies that are available.
(as of 11.7.19)
So, the overall winner is…..
TransferWise and Veem are two excellent services for sending money internationally. However, when looking to send $10,000 USD to China is guaranteed to receive more when using Veem.
Veem offers a price point that many business owners will appreciate. Built to help you with day-to-day operations, Veem works to makes payments borderless and stress-free - allowing you to save while you get paid.