What the Internet Did for TV, It Can Do for Payments
Jeremy Almond on April 25, 2015
As anyone who works with twenty and thirty-somethings or has grown children knows, the generation of digital natives called “millennials” use technology differently than those of us over 35. They want to take care of almost every task online or on their mobile phone, especially financial transactions, and they’re less concerned than older people about the privacy and security issues involved.
Jeremy Almond on April 10, 2015
What happens when you apply SaaS principles to payment processing?
You may not realize it, but you probably depend on multiple SaaS (Software-as-a-Service) products to get through your work day (and at home in the evenings, when you tune into your favorite streaming service). SaaS refers to an Internet-based service for which you pay a monthly subscription fee, and in return receive access to the latest improvements and technical support.
Jeremy Almond on March 23, 2015
Announcing the first all-in-one mobile app to allow credit card, check and Bitcoin payments
We’re pleased to announce that the PayStand app for iPhone is now available for download from the Apple App Store.
Jeremy Almond on March 22, 2015
When we launched PayStand almost one year ago, most of our early customers had never heard of Bitcoin, or if they had, they were skeptical about accepting it in their organizations. Silicon Valley is abuzz with development and investment in Bitcoin-related technology, but as in the early days of the Internet, there is speculation, volatility, and media frenzy surrounding the virtual currency. Several business owners and nonprofits we spoke with have adopted a “wait and see” approach, but like having the option to enable Bitcoin in the future. At PayStand we offer our merchants one payments platform with traditional methods alongside Bitcoin (which we call "eCash"), so they can extend the option to their customers when they're ready.
Jeremy Almond on March 16, 2015
When we first started talking to business owners and nonprofits about lowering their transaction fees, we were surprised to discover that many of them had no idea what they were currently paying to accept credit cards. So, we offered to take a look at their current merchant statements to find out. What we found was even more surprising: most of the statements showed that these merchants were paying a lot more than the percentage rate they were originally quoted for credit cards. It took some digging to figure out the effective rate being paid, however, because merchant processor statements are universally inscrutable.
Jeremy Almond on March 3, 2015
This week’s news that WordPress has removed the Bitcoin payment option from their website disappointed advocates of the virtual currency, as the company had been an early adopter and carries a great deal of influence as the most popular blogging and website creation platform.
Jeremy Almond on February 26, 2015
Jeremy Almond on February 23, 2015
One growing IT firm discovered that instead of the 2.19% quoted by his payment processor for credit card fees, most of his transactions were being charged at 4.41%. Here’s how PayStand’s flat-rate model put Break Logic on a predictable path to success.
Jeremy Almond on February 10, 2015