Read about the digital transformation of commercial payments and how to automate your enterprise cash cycle.
5 Reasons to Move From QuickBooks to Sage Intacct
Jun 23, 2022 by Sage Thee
QuickBooks has served your needs since day one and still (mostly) gets the job done. So why move from something familiar and functional like QuickBooks to a next-level accounting solution like Sage Intacct? The reasons may be more compelling (and urgent) than you realize:
5 Methods You Can Use to Reduce Late Payments
Jun 22, 2022 by Julia Duarte
In any industry, maintaining a steady cash flow is essential to running a business. When a company receives consistently late payments, day-to-day operations and overall progress slows down. By understanding why your customers are paying late, you can take steps to create an actionable plan to reduce your number of late payments and thrive as a business.
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“Going Digital” Means More Than Just Accepting Credit Cards
Nov 29, 2018 by Mark Fisher
What does accepting credit card payments really mean for your business? To some companies, credit card payments translate to expansion into new markets. To others, credit card processing signals unaffordable transaction fees or more complex technical integrations. Fill in the blank with your own answer. But the one thing credit cards definitely don’t mean: that the business has joined the digital era just by virtue of accepting them as a method of payment.
Paper Checks Are On the Decline in the B2B Payments Space
Oct 30, 2018 by Mark Fisher
Making it easy for customers to pay their bills is a key component of any successful company. Because really, if you can’t collect payments, how will your business survive? For many B2B companies, this means accepting paper checks as the predominant method of payment. And once you start, it’s really hard to convince yourself that customers will pay any other way.
PayStand Expands Operations to Mexico With New Office
Oct 18, 2018 by Mark Fisher
PayStand Expands Footprint To Further Deliver on the Promise of a Better Global Payments System; Partners With StartupGDL To Drive Regional Economic Development SCOTTS VALLEY, CALIF. AND GUADALAJARA, MEXICO - OCTOBER 18, 2018 - PayStand, the B2B payment platform for the future of commerce, today announced the opening of a new office located in Guadalajara, Mexico. The expansion bolsters PayStand’s continued focus to deliver the most robust digital payment network for businesses and also positions the company to solve significant challenges in global payments by drawing on a diverse and experienced team. North American businesses exchange $18 trillion in paper checks alone each year, costing them over $550 billion in process and delays, while more than half of all commercial payments globally are still paper check.
Incorporating SaaS to offer Payments-as-a-Service
Aug 31, 2018 by Anindya Chanda
Software is changing our world and the way companies operate in it. Shifts in technology and the rise of modern, cloud services have reshaped entire industries. These shifts have created zero-sum situations with a new set of winners, leaving many businesses who did not -- or were unable to -- reinvent themselves on the outside looking in. For every Uber, AirBnb, and Netflix, there are many more local taxi, hotel, and video rental companies who did not embrace new software and services. To remain relevant in today’s rapidly changing business world, it is important to continually review and reimagine your business by taking advantage of the latest developments in technology. In this article we'll discuss Software-as-a-Service (SaaS) and how to incorporate SaaS to offer Payment-as-a-Service.
Simplifying Transactions with Virtual Terminals
Jul 31, 2018 by Anindya Chanda
The end goal of any payment processing system is to offer a convenient way to transfer economic value securely. This is a very important step in any business as customers have to trust the system to buy services or products. With that being said, not all payment systems are the same. Virtual Terminals provide better overall value in comparison with traditional Point of Sale systems. Not only are they easier to use and understand, but also involve easy setup while maintaining flexibility and providing better value for merchants and customers alike.
How to Use the NetSuite Payment Plugin To Email An Invoice with a Digital ‘Pay Now’ Button in your e-Invoice
Feb 23, 2018 by Kenzie Earle
In our last article, we wrote about the features to consider when choosing a NetSuite payment plugin to cut costs, improve efficiency, and eliminate manual processing. These features will help you maximize your NetSuite investment.
The Inside Story behind our Series A Funding
Nov 20, 2017 by Jeremy Almond
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.
Revenue Recognition, How It’s Changing and Why It Matters
Sep 12, 2017 by Kenzie Earle
On the surface, revenue recognition is a fairly simple concept: when it comes to presenting the true value of your business to investors, it is important to accurately report your revenue. That means reporting the actual cash earned in the course of your business. In essence, there are standards related to revenue recognition to protect potential investors from fraudulent business practices, which could allow businesses to overstate their value. If discovered, failures to properly document and report actual revenue can be severe and could damage the long-term value of your company. That's why automated accounting is becoming increasingly necessary and even expected in order to protect businesses, their shareholders, and their customers.
Surcharging: A State-by-State Guide
Aug 22, 2017 by Daniella Bourguetts
Every legacy payment method carries a transaction fee, but it is well-known that credit card companies have the highest and most volatile fees in the B2B payments market. With numbers that range from 2.5% to 4% per transaction, it’s no surprise that some businesses choose to surcharge and pass on those processing fees to their customers.
Surcharging 101: Understanding the Basics
Aug 17, 2017 by Kenzie Earle
For businesses that accept credit cards, processing fees are a constant pain. Varying pricing models, vague regulations and new technology often create unwanted expenses. In fact, 55 percent of America's 27 million small businesses do not accept credit cards. But with credit and debit cards being nearly as common as cash, merchants are starting to pay attention to accepting credit card transactions. Surcharging offers businesses a means of defraying costs associated with credit card acceptance by recovering the higher costs from the customer.