MineralTree vs. Veem

Overview
ProductRatingMost Used ByProduct SummaryStarting Price
MineralTree
Score 4.4 out of 10
Mid-Size Companies (51-1,000 employees)
MineralTree automates accounts payable and payments by connecting a business' ERP/Accounting Software to their business bank account. Since the October 2021 acquisition it is a Global Payments brand.N/A
Veem
Score 8.6 out of 10
N/A
Veem, headquartered in San Francisco, offers payment tools to enable businesses to streamline their processes and build business relationships with suppliers and partners all over the world. Through integrations with popular business applications. Veem Local is an online and fee-free option to send, receive, and reconcile business payments within the United States. Veem Cross Border provides access to online global payment tools and pricing and enables users to send, spend, hold and invoice…N/A
Pricing
MineralTreeVeem
Editions & Modules
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Offerings
Pricing Offerings
MineralTreeVeem
Free Trial
NoYes
Free/Freemium Version
NoNo
Premium Consulting/Integration Services
NoNo
Entry-level Setup FeeRequiredNo setup fee
Additional DetailsOne flat platform fee for all accounts. Get access to all platform features for a flat monthly fee of $14.99 USD ($18.99 CAD). - 2 free transactions per month. Accounts will only be charged after their 2nd completed transaction. - ACH/EFT $0 send/receive - Fast Transfer 0.5% for same or next day ACH - Check (US only) $1.99 to send - Veem Wallet $0 send/receive - International wires $0 fees and competitive exchange rates - Global Credit card 2.9% - Global Debit card 1% - Global Instant deposit 1% – min. $1.50
More Pricing Information
Community Pulse
MineralTreeVeem
User Ratings
MineralTreeVeem
Likelihood to Recommend
7.5
(0 ratings)
-
(0 ratings)
User Testimonials
MineralTreeVeem
Likelihood to Recommend
It's well suited if you would like to negotiate a good price and you are a small company needing an AP solution. However, I would say stick to Bill.com if you want a solution you can grow with.
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Pros
  • Great Customer Service. Whenever there is an issue they are very responsive in helping with the issue.
  • At the time it was cheaper than Bill.com for most of the same functionality.
  • Integrated with QuickBooks relatively well.
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Cons
  • We had some improvements that wanted to be made but so far over the 2 years with them they have made the updates we wanted.
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Alternatives Considered
At the time, we had to records transaction twice when we had Bill.com, MineralTree solved that problem.
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Return on Investment
  • Cost of AP.
  • AmEx integration will allow us to accrue points on our card.
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ScreenShots

MineralTree Screenshots

Screenshot of AP and Payment Automation from MineralTree