About Paystand
Paystand is a B2B payments and automation platform positioned around modernizing both accounts receivable and accounts payable. Paystand’s website emphasizes cost reduction, faster cash flow, and “zero-fee” payments within its network, plus measurable improvements like a claimed 40% reduction in DSO. The platform is structured around payments, billing/receivables workflows, a bank network, and ERP integrations, making it relevant when finance teams want to connect payment execution to AR/AP operations. Key capabilities: • AR automation and receivables workflows AP automation (as marketed) B2B payment acceptance and execution Bank network / fee model positioning (as marketed) ERP integrations for finance operations Best for: finance teams modernizing AR collections and B2B payments.
Paystand has emerged as a transformative force in the payment processing industry, redefining how businesses handle B2B transactions through its innovative, blockchain-powered platform. Founded in 2013 and headquartered in Santa Monica, California, Paystand is revolutionizing financial operations by offering a comprehensive suite of features designed to streamline and automate payment processes. At its core, Paystand's platform provides businesses with a modern digital payments solution that supports various payment methods, including ACH transfers and credit card payments. This versatility ensures that companies can cater to a wide range of customer preferences, enhancing convenience and efficiency in payment collection. One of Paystand’s standout features is its use of blockchain technology, which brings unparalleled security and transparency to transactions. By leveraging blockchain, Paystand minimizes fraud risks, reduces transaction costs, and provides an immutable ledger of all payment activities. This technological advancement not only secures financial transactions but also builds trust with clients through transparent and verifiable payment records. The platform excels in automating payment collection and invoice management, which significantly reduces the manual effort required to manage recurring billing and accounts receivable.
Pros & Cons
- • Blockchain Technology: Provides enhanced security and transparency in payment processing.
- • Automated Payment Collection: Reduces administrative overhead and streamlines billing processes.
- • Integration Capabilities: Seamlessly integrates with major ERP systems to optimize financial workflows.
- • Customer Portal: Offers a self-service portal for customers to manage their invoices and payments.
- • Flexible Payment Methods: Supports multiple payment methods, including ACH and credit card payments.
- • Limited Currency Support: Primarily supports USD, which may not be ideal for businesses with international operations.
- • Language Support: Available mainly in English, potentially limiting use for non-English speaking users.
- • No In-App Marketplace: Lack of an in-app marketplace could limit customization options.
- • Complex Pricing Structure: Pricing details are not transparent, requiring direct contact for information.
- • Geographic Limitations: Primarily serves the U.S. market, with limited availability or support in other regions.
Features
Key features
Enables businesses to accept and process digital payments, including ACH transfers and credit card payments.
Utilizes blockchain for secure, transparent transactions and to reduce transaction costs.
Automates the payment collection process, including recurring billing and invoice management.
Integrates with popular ERP systems to streamline financial workflows and data synchronization.
Provides a portal for customers to manage payments, view invoices, and handle payment-related activities.
Additional features
Facilitates various payment methods, ensuring flexibility for both businesses and customers.
Leverages blockchain to enhance security and transparency in transactions.
Streamlines the billing process through automation, reducing manual intervention and errors.
Connects with ERP systems like NetSuite, SAP, and Oracle to improve financial management and reporting.
Allows customers to view and manage their invoices and payment history.
Offers tools for reconciling payments and managing financial records efficiently.
Provides insights into payment trends, transaction history, and financial performance.
Pricing
Countries & Languages
Available in
Interface languages
Billing currencies
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About Paystand
Paystand is a B2B payments and automation platform positioned around modernizing both accounts receivable and accounts payable. Paystand’s website emphasizes cost reduction, faster cash flow, and “zero-fee” payments within its network, plus measurable improvements like a claimed 40% reduction in DSO. The platform is structured around payments, billing/receivables workflows, a bank network, and ERP integrations, making it relevant when finance teams want to connect payment execution to AR/AP operations. Key capabilities: • AR automation and receivables workflows AP automation (as marketed) B2B payment acceptance and execution Bank network / fee model positioning (as marketed) ERP integrations for finance operations Best for: finance teams modernizing AR collections and B2B payments.
Paystand Details
Paystand's In-App Market Place
Does Paystand have an in-app market place?
Yes
How many Mini-Apps in the marketplace?
3
Mini Apps
Paystand Bank Network
Smart Lockbox
eCheck and ACH
Pricing Options
Accepted Payment Currencies
Usd ($)
Pros & Cons
- • Blockchain Technology: Provides enhanced security and transparency in payment processing.
- • Automated Payment Collection: Reduces administrative overhead and streamlines billing processes.
- • Integration Capabilities: Seamlessly integrates with major ERP systems to optimize financial workflows.
- • Customer Portal: Offers a self-service portal for customers to manage their invoices and payments.
- • Flexible Payment Methods: Supports multiple payment methods, including ACH and credit card payments.
- • Limited Currency Support: Primarily supports USD, which may not be ideal for businesses with international operations.
- • Language Support: Available mainly in English, potentially limiting use for non-English speaking users.
- • No In-App Marketplace: Lack of an in-app marketplace could limit customization options.
- • Complex Pricing Structure: Pricing details are not transparent, requiring direct contact for information.
- • Geographic Limitations: Primarily serves the U.S. market, with limited availability or support in other regions.
Paystand's Support Options
Documentation
https://www.paystand.com/resources/whitepapersChatbot
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