Tool profile
Veryfi: cost, fit and limits
Veryfi is a document data extraction platform that offers receipt and invoice OCR through APIs, SDKs and an end-user expenses app, aimed at developers and finance teams that process documents at volume. Its pricing is per document.
What to know first
Veryfi bills per document sent to its API. Free covers up to 100 documents a month, Starter has a $500 monthly minimum for fewer than 5,000 documents at $0.08 per receipt and $0.16 per invoice, and Growth is quoted. The product menu lists a Receipts OCR and Expenses App, OCR 3.0 extraction APIs, a Fraud Detection Suite and a GenAI Detector.
Veryfi at a glance
| Maker | Veryfi, United States |
|---|---|
| Free plan | Yes |
| Entry price | $0.16 per invoice, $500 monthly minimum |
| API access | Yes |
| Category | Best AI Receipt Scanner Apps in 2026, rank 5 of 12 |
| Website | veryfi.com |
Who Veryfi is best for
Developers adding receipt capture
The free tier of 100 documents a month, camera SDKs and API-based billing let a developer prototype receipt capture before committing money.
Lenders and insurers checking documents
The Fraud Detection Suite and GenAI Detector are named on the product menu, aimed at spotting altered or machine-generated documents.
Teams feeding LLM pipelines
Document to Markdown output is listed for LLM-ready data, which suits teams that pass receipts and invoices into other AI workflows.
Veryfi plans and pricing
| Plan | Price | What it includes |
|---|---|---|
| Free | $0 | Up to 100 documents per month, stated as free forever, with documents up to 15 pages per transaction. |
| Starter | $500+ per month minimum | Fewer than 5,000 documents per month; $0.08 per receipt and $0.16 per invoice; 1 cent per document discount on a 12-month commitment. |
| Growth | Custom quote | Volume discounts above the Starter range; the page asks buyers to contact sales for a price. |
Checked October 2026.
What Veryfi does
- OCR 3.0 extraction
- Veryfi names OCR 3.0 as multi-modal data extraction exposed through APIs, with documents up to 15 pages allowed per transaction. The extraction is exposed to developers.
- Receipts OCR and Expenses App
- The product menu lists an app for end users that reads receipts and tracks expenses, beyond the developer interface that dominates the pricing page. Its details are not expanded.
- Fraud Detection Suite
- A Fraud Detection Suite and GenAI Detector are named, intended to flag tampered and machine-generated documents before they reach an approval step. Details were not opened.
- Markdown output
- Document to Markdown output turns scans into text prepared for large language models, for teams that feed documents into their own AI pipelines. Its format is Markdown.
- Camera SDKs
- Mobile and browser camera SDKs let a developer embed document capture inside their own product instead of sending users to a separate app. Pricing for them is not shown.
- Single sign-on
- SAML single sign-on is listed on the pricing page for organizations that need identity controls over who can reach the account and its documents. Plan tier is not stated.
How Veryfi handles your data
The pricing page lists SOC 2 Type 2, HIPAA for the US, GDPR for the EU, CCPA for the US and PIPEDA for Canada. Its FAQ says the ML models are deterministic and in-house, with LLMs used only for content writing and internal search. The pages opened do not state retention periods, hosting regions or whether customer documents are used for training. A buyer should request the SOC 2 report and the data processing terms.
Where Veryfi falls short in practice
- Minimum commitment. Starter carries a $500 monthly minimum, which is out of reach for a freelancer who just wants a handful of receipts read each month. Annual commitment lowers rates.
- Document-based billing. Billing counts documents sent to the API, so rejected scans and retries can raise the bill; the pages opened do not explain how failures are billed.
- Integrations unnamed. An integrations page is linked, but no accounting software is named on the pricing page, so ledger connections are unverified for a buyer. Ask Veryfi for its integration list.
Works with
Alternatives to Veryfi
Veryfi: common questions
How many documents does Veryfi include for free?
Free covers up to 100 documents a month and is described as free forever. Starter adds a $500 monthly minimum for fewer than 5,000 documents, billed at $0.08 per receipt and $0.16 per invoice. A 12-month commitment lowers the rate by 1 cent per document, as of November 2026.
Is Veryfi an app or an API?
Both, though the pricing leans toward the API. The product menu lists a Receipts OCR and Expenses App for end users alongside OCR 3.0 extraction APIs, camera SDKs and fraud tools. Billing is per document sent to the API, so developers are the main customer.
Does Veryfi use LLMs on my receipts?
Its FAQ says the ML models are deterministic and built in-house, and that LLMs are used only for content writing and internal search. Document to Markdown output is still offered for customers who want LLM-ready data. The pages opened do not state whether customer documents train the models.
Which compliance standards does Veryfi list?
The pricing page lists SOC 2 Type 2, HIPAA for the US, GDPR for the EU, CCPA for the US and PIPEDA for Canada. The pages do not state a hosting region or retention schedule, so ask for the SOC 2 report and data processing terms before sending sensitive documents.
Where is Veryfi based?
The pricing page shows a San Mateo, California address, which places the company in the United States. The legal entity name is not stated beyond a copyright line that reads veryfi. Confirm contracting details with the vendor before signing a purchase agreement.