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INTUIT OKS VEEM FOR PAYMENTS Featured

VeemQuickBooks Online users can send international payments via Veem (until recently known as Align Commerce), which utilizes blockchain technology. This is part of a trend that observers believe can dramatically reduce the costs of transferring money as blockchain develops

Besides having written a QBO integration, Veem also offers members of its accounting professional program the ability to have their clients transfer money internationally with no wire transfer fees. Veem detailed the following benefits it offers QBO users: online multicurrency payments; payment tracking and reconciliation; payment progress tracking in QBO; free international payments; and competitive exchange rates. The service can be used been 24 countries. Veem asks companies to provide customer name and email addresses. "Once your counterparty is set up, transfers will go straight to their bank account every time," the Veem website says. That means no visits to the bank and no forms.

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