PAYSTAND BLOG

Read about the digital transformation of commercial payments and how to automate your enterprise cash cycle.

Supporting Our Customers and Partners During the COVID-19 Event

A note to our customers and partners:

In difficult times, we know it’s more important than ever to ensure the business critical operations of our customers. The rapid spread and outbreak of the novel Coronavirus (COVID-19) has affected each of us, and we’re adjusting to our new reality along with you. At Paystand, we understand the challenges your teams are facing and we want you to know that serving our customers and maintaining seamless operations has never been more important.

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Jeremy Almond Jeremy Almond on March 17, 2020

Company, Open Industry

Why Paystand Raised $20M to Fix Commercial Payments

Today is a big day for Paystand: We closed a $20 million Series B investment round from the same venture teams that invested in Coinbase, Gusto, Intacct, Coupa, PayPal, Avalara, and many others. We’d like to welcome DNX Ventures, Battery Ventures, Epic Ventures, Commerce Ventures, and Wildcat Ventures as new investors, as well as welcome Roman Leal from Leap Global Partners as our newest board member.

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Jeremy Almond Jeremy Almond on February 7, 2020

Company, Open Industry

The Inside Story behind our Series A Funding

We recently announced a $6M Series A round led by BlueRun Ventures with participation from Cervin Ventures, Serra Ventures, TiE, LEAP Global Partners and Capital for Founders. You can read the full press release here. Alongside the funding we also are announcing a new free product line in beta called AP. Read on to get the insider take on why we raised the capital, why we are building AP, and what's in store for the future at Paystand.

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Jeremy Almond Jeremy Almond on November 20, 2017

Accounts Payable, AP, Series A funding

Four Keys to Adding Payments to Your Software Platform

It’s been said that “software is eating the world” - and it’s true. Software platforms for businesses (aka B2B software platforms) are proliferating at an accelerating rate, serving a dizzying array of business needs including accounting, project management, time tracking, billing, CRM, and many others. Developers are racing to fill the needs, creating broad-based “generic” platforms as well as highly specialized tools that cater to the specific needs of particular industries. So whether a company sells organic beverages to corner groceries or horse feed for thoroughbreds, there are probably multiple tools available to help them to better manage their business. The abundance of tools creates an imperative for platform providers to continuously add new capabilities to deliver value to their users. Increasingly, B2B software platform providers are turning to payment services as a key area of innovation.

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Jeremy Almond Jeremy Almond on February 11, 2016

tools, online payments, One-Click Checkout, Payments, payments-as-a-service, SaaS, B2B, Enterprise payments, e-billing

The "Tectonic Shift" Coming to Financial Networks: An Interview with PayStand CEO Jeremy Almond

As consumers, we can see the changes that are coming to the way we pay for things--our smartphones are gearing up to replace our physical wallets, and in-app purchases are becoming (perhaps dangerously) easy, to the point of being invisible. But these cool new features are really just the tip of the iceberg of a much larger movement coming to finance and the movement of money. Today, our smartphones make it easier to use credit cards, which still operate over proprietary networks. But without the need for physical cards and swipers, why should payments initiated on the Internet take a detour through those old networks?

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Jeremy Almond Jeremy Almond on July 31, 2015

payments-as-a-service, SaaS, B2B

Beyond Paper Clips: The Pros and Cons of B2B eCommerce

Think about the last time you bought a computer or office supplies for your business. Did you buy them online, through a printed catalog, or in person at a big-box store? Increasingly, business buyers are just as comfortable using the Web for company purchases as they are using Amazon or BestBuy.com for personal shopping. A Forrester report found that 74% of B2B buyers use the Web to research over 50% of their work purchases, and 30% complete at least half of those purchases online.

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Jeremy Almond Jeremy Almond on July 27, 2015

ecommerce, business, eCheck, B2B

Can Small Businesses Hope to Compete with the “Big Guys” on Credit Card Fees?

Innovators choose new payment tech
to get around transaction costs


To paraphrase Benjamin Franklin, there are three certainties in life for small businesses: death, taxes, and credit card interchange fees. These are the fees charged by the big three credit card issuers (Visa, MasterCard, and American Express) to merchants for accepting their cards. Although the marked-up rates charged by processing services can vary, it is widely accepted that interchange fees represent a hard floor of fixed costs that can’t be changed or negotiated. 

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Jeremy Almond Jeremy Almond on June 2, 2015

Bitcoin, payments-as-a-service, merchant fees, credit cards, mobile POS

Should You Stay or Should You Go? 5 Tips for Getting a Better Deal in Credit Card Processing

 

Most of the business owners we talk to have a "love/hate" relationship with credit cards. You love them because they enable your customers to buy things from you which they may not otherwise be able to buy, but you hate the transaction fees that take a big chunk out of your sales. 

We're here to tell you that when it comes to credit card processing, you don't have to "love the one you're with." New options for merchants, both online and at the point-of-sale, have exploded in the past few years. Many new entrants in the marketplace offer slick add-ons to mobile devices, but ultimately it's transaction costs that should drive your decision to stick with your current processor or move on. 

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Jeremy Almond Jeremy Almond on May 19, 2015

ecommerce, interchange plus, tips, business, merchant fees, credit cards, merchant statement

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