Paystand Blog

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

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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.

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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.

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Myths & Facts About Credit Cards

Jan 24, 2023 by Sage Thee

For better or worse, we’ve accepted credit cards as a business necessity. But how much do we really know about them and their complicated processes and fees? Are there better options out there for B2B payments than credit cards?

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How to Set Up Custom Invoice Workflows in Paystand's SuiteApp

Nov 30, 2022 by Kelsey Banerjee

Empowering your NetSuite ERP with the ability to automate B2B payments is a big win for not just accounts receivables but the entire business. Invoice automation, in particular, removes a huge chunk of manual processes so that the finance team can focus on mission-critical tasks—all without sacrificing cash flow.

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The 10-Minute Guide to Reconciliation in NetSuite

Nov 29, 2022 by Kelsey Banerjee

Even after shifting from the manual reconciliation process to the NetSuite ERP, reconciling all transactions by hand before the month's close can be tedious.

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Evaluating Your Year and Finishing the Year Strong

Nov 24, 2022 by Zazil Martinez

Think about everything companies must do to begin the year-end close: expediting collections, making payments, setting objectives for the coming year, closing accounts, and paying taxes. But why is it so important? Believe it or not, this intricate yet necessary process may give you a glimpse into your business's future.

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Everything You Need to Know About Your Business’s Credit Score

Nov 18, 2022 by Sage Thee

First things first, what is a business credit score? Similar to your personal credit score, a business credit score is a credit score that applies to a company instead of an individual. Most range from 0-100 (unlike personal credit scores, which range from 350-800). The FICO Small Business Scoring Service (FICO SBSS) ranges from 0-300. Why is your business credit score important? Lenders, suppliers, and potential business partners will often rely on business credit reports to help determine the risk associated with certain companies and use that information to help decide whether or not to do business with them.

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Improve Your Collections With Recurring Payments

Nov 17, 2022 by Zazil Martinez

Managing customer collections is not always easy, and there is often no protocol for consistent control in this aspect. One of the main problems of not having a clear collection strategy in the company is late payments. Around 20% of customers are late in their payments or do not pay their debt, significantly reducing the company's gross income.

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7 Benefits of a Merchant Account

Nov 15, 2022 by Kelsey Banerjee

Today, businesses need to accept more than cash, checks, or a customer's debit card. Even credit card payments are getting left behind with the seamless processing of ACH and bank-to-bank transfers. But to leverage these options, a small business owner needs to invest in a merchant account.

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The Guide to Payment Terms (and How to Optimize Them)

Nov 11, 2022 by Kelsey Banerjee

Payment terms define when you get paid—at least regarding accounts receivable (AR). For accounts payable, payment terms usually refer to paying vendors and suppliers.

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Higher Conversion Rates with Online Payment Optimization

Nov 10, 2022 by Zazil Martinez

Delivering the right payment experience to customers is crucial. A huge transformation has already occurred, but the pace is constantly accelerating. New payment methods are appearing, and security standards and consumer demands are increasing.

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Paystand’s 2022 New Feature Roundup

Nov 10, 2022 by Sage Thee

It’s been a year of exciting innovation here at Paystand, from our first-of-its-kind DeFi card we launched in March to our brand-new Next-Day Funds Availability feature. This guide will give you a comprehensive overview of each of our new features, as well as further resources to dig deeper.

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The Inside Scoop on our Dynamic Discounting App for NetSuite

Nov 4, 2022 by Sage Thee

What if there was a way to incentivize your clients to pay faster? Everyone from AR clerks to VPs of finance knows early access to cash is key to the survival of the enterprise. Unfortunately, many industries and buyers are known to be slow to pay, DSO feels unnecessarily lengthy, and businesses need more tools to speed up their time to cash. To put it bluntly, many AR departments feel they are officially “at the mercy” of payers and have little-to-no recourse in accelerating their payments to improve cash flow.

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