Read about the digital transformation of commercial payments and how to automate your enterprise cash cycle.
The Future of Payments is Here With the Paystand Bank Network
Jan 26, 2023 by Zazil Martinez
A significant indicator of business success is customer satisfaction. Companies can achieve it by listening and attending to their needs. One of these needs is offering different payment methods.
Optimize Your Revenue with a Zero-Fee Payment Strategy
Jan 25, 2023 by Kelsey Banerjee
Credit card processing fees and other transaction costs cut deep into business revenue—in 2021 alone, U.S. merchants paid $137.83 billion in fees. And that’s just for accepting credit card payments.
All Blog Posts
Is Crypto Part of Your Retirement Plan?
Dec 27, 2022 by Kelsey Banerjee
Looking at sky-high inflation, many investors are wondering whether or not the potential high crypto gains could be a solution for their retirement plan. And they aren’t the only ones.
The Truth about Credit Card Holds
Dec 21, 2022 by Zazil Martinez
With 90% of Americans owning at least one credit card, there's no doubt why they're AR departments’ preferred payment method. Their rapid processing time and enhanced tracking capabilities make them easier to process. But some credit card features can cause more harm than good. An excellent example of this is credit card holds.
The Inside Scoop on Revenue Recognition
Dec 20, 2022 by Kelsey Banerjee
Revenue recognition has been making headlines over the past few years—and not for the right reasons. Improper revenue recognition makes up about 60% of SEC fraud cases as companies attempt to show investors that they have healthy, or superior, cash flow.
Growing With Paystand
Dec 16, 2022 by Sage Thee
It’s been an eventful and exciting year here at Paystand. We’ve been growing at an unprecedented rate, sprinting toward Unicorn Status and expanding our mission. Here’s a quick rundown of what we’ve been up to:
Importance of Customer Databases
Dec 15, 2022 by Zazil Martinez
Much has been said about the countless advantages of automating AR processes. Saving time, money, and other resources are the most important. But we must take care of several details to achieve optimal automation.
Guide to a Stress-Free Month-End Close
Dec 13, 2022 by Sage Thee
Nobody looks forward to the month-end close. It’s stressful, exhausting, and — most of all — time-consuming. Accounting departments typically spend 36 hours manually reconciling payments every month. If there are any manual entry errors, discrepancies, or other issues, that time increases drastically.
Everything You Need to Know About Convenience Fees (and How to Avoid Them)
Dec 8, 2022 by Zazil Martinez
We are at a time when money is digital. Cash payments are considered obsolete, and paying by credit card is the new normal. Yet, many businesses make an extra charge for this payment method.
5 Gaps in NetSuite Accounting (and How to Fill Them)
Dec 7, 2022 by Kelsey Banerjee
For many B2B organizations, Oracle NetSuite is the pinnacle of accounting and operations management software. It does everything.
The Future Beyond Credit Card Fees
Dec 6, 2022 by Sage Thee
Here at Paystand, we believe that the best possible option for businesses is reducing credit card transactions.
What Does it Mean to be “Zero-Fee”?
Dec 1, 2022 by Zazil Martinez
Nowadays, every product or service we get usually includes an extra charge. Either for payment processing, using a particular bank card, or other operations. No matter the transaction, no additional fee should increase the original agreed price.