Case Study: Tealet achieves transparent, lower-cost international payments with Veem

Tealet saves 12% in payment fees with Veem

Tealet, a company connecting tea buyers directly with farmers, faced significant challenges with costly and opaque international payments. Their mission to empower farmers meant they absorbed high transaction fees, often around 12%, which cut into their margins. They needed a transparent payment solution that aligned with their values of fairness, which led them to the vendor Veem.

By implementing Veem's payment service, Tealet virtually eliminated transaction fees, saving thousands of dollars. The solution provided full transparency, ensuring farmers received the exact expected amount without hidden costs or exchange rate shifts. Furthermore, Veem automated the payment process, reducing the accounting time spent on each transaction from over an hour to virtually none. The results allowed Tealet to reallocate resources to its core mission and confidently scale its operations.

Tealet