What Is Veryfi's Transaction-Based Pricing Model?
Veryfi is a general-purpose OCR API platform designed for expense management, receipt processing, and invoice extraction. Unlike accounting-specific bank statement converters, Veryfi charges per document transaction with monthly minimums and volume caps.
Their pricing structure works like this: you pay a monthly minimum of $500 which includes 6,250 receipts or 3,125 invoices. Each document you process beyond your plan limit triggers overage charges added to your next invoice. For high-volume users processing 25,000+ documents monthly, Veryfi requires custom enterprise pricing negotiated directly with their sales team.
Veryfi's Volume Restrictions
- Free tier limited to 100 documents total (not per month) — essentially a trial
- Even "unlimited" accounts default to 300 documents/month cap to prevent abuse
- Overage charges automatically added to next billing cycle when you exceed limits
- High-volume processing (25,000+/month) requires sales contact for custom pricing
- Expense app limited to 10 SKUs/line items per document (unlimited only in API)
This transaction-based model creates a fundamental problem for accounting firms: your costs fluctuate monthly based on client volume. During tax season or month-end close when you're processing 3-5x your normal volume, your software costs spike accordingly. You're constantly tracking usage to avoid surprise overage charges.
The Hidden Cost: Volume Tracking Anxiety
Transaction-based pricing doesn't just cost more money — it costs mental bandwidth. Every time you upload a document, you're mentally calculating: "Am I close to my limit? Will this trigger overage fees? Should I wait until next billing cycle?"
This creates what accounting professionals call "volume tracking anxiety" — the constant awareness of your usage metrics. You check dashboards to monitor remaining document credits. You delay processing documents that could wait. You make strategic decisions about which clients to prioritize based on your software limitations rather than your business priorities.
Real Workflow Impact of Volume Limits:
Tax Season Spikes
Volume triples January-April. Your $500/month plan suddenly costs $1,200+ due to overage charges.
Growth Penalties
Adding new clients means higher software costs. Success gets punished with increasing bills.
Unpredictable Budgeting
Monthly costs fluctuate wildly. Finance teams can't accurately forecast software expenses.
Compare this to unlimited pricing: you pay $79/month whether you process 50 documents or 500. No tracking. No calculations. No delayed workflows waiting for billing cycles to reset. You focus on serving clients instead of managing software usage.
