All data is transmitted with encryption-in-transit using HTTPS using TLS (SSL), including our public website and web application.
Encryption of sensitive data
Beam encrypts and protects sensitive data (bank account numbers, card numbers, social security numbers, etc.) by replacing it with a secure token. That way, we only store that token, and not your actual data, making sure your information is always safe.
We comply with federal “Know Your Customer” and "Know Your Business" standards and require all businesses processing payments verify their identity before collecting payment or paying other businesses using Beam.
FDIC-insured deposits up to $250,000
Beam uses Evolve Bank & Trust to store and move your funds. Account deposits are FDIC insured up to $250,000 through Evolve Bank & Trust; Member FDIC.
Instant support from real humans
Join hundreds of contractors that trust Beam to simplify their financial operations.