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.
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What’s the Difference Between ACH and EFT Payments?
Aug 22, 2022 by Izzy Howell
B2B payments, like so many other aspects of our everyday lives, have officially moved online.
What is an ACH Payment?
Jul 15, 2022 by Julia Duarte
Ever since its founding in the early 1970s, ACH payments have paved the way for easier payment processes between two entities, using direct bank account transfers as opposed to card networks, checks, or cash. ACH’s value lies in its fast payment processing, lower fees, and security. Read on to learn more about what ACH is, what ACH payment processing looks like, and how businesses can use the ACH network to their advantage.
How Does ACH Work?
Apr 28, 2022 by Kelsey Banerjee
While ACH has been around for decades, more and more businesses are shifting away from credit cards and bank wires in favor of this payment method. In 2021, same-day ACH grew by 74%, with B2B payments specifically being up 20.4%.
The First Three Things to Do When Faced with a Chargeback
Jun 2, 2017 by Kenzie Earle
Credit card charge disputes, or "chargebacks," are unfortunately a part of doing business. Reasons for chargebacks are numerous, from stolen credit cards to dissatisfaction with goods or services, and everything in between. Understanding chargebacks, and how your company should respond when faced with one can help make the process easier.
Solutions for Slim Margins in the Solar Industry
Jan 12, 2017 by Kenzie Earle
Solar Power & Renewable energy is one of the most promising new technologies of this century to sweep the nation. A positive change to the legacy energy sector, solar aims to improve the environmental impact, lower cost for customers, and provide a new source to the aging grids. With this growth, over the last decade solar has turned into a highly competitive industry, with each company eager to outbid the next to establish brand and become the dominant player as the nascent industry grows. With this competition, the key question as a solar operator becomes how can you adopt a competitive advantage to improve efficiency and lower your costs.
The Top 5 Myths about Accepting Paper Check Payments
Nov 17, 2015 by Scott Campbell
Here in Silicon Valley it’s easy to forget that not every business process has been transformed by tech’s magic wand. Case in point: over half of all business-to-business payments still take place by paper check, sent via snail-mail. Even more surprising is that many of the companies we talk to are perfectly satisfied with a process that works exactly the same as it did 75 years ago. Are check payments a perfect example of “If it ain’t broke, don’t fix it?” Or has the gospel of digital payments just not reached the traditional business world yet?
What are eChecks and How Do Businesses Accept Them?
Jun 20, 2015 by Scott Campbell
An electronic check has many names - eCheck, direct debit, direct deposit, and online check are just a few. And while credit cards have been the default payment method for businesses for over a decade, this new alternative is making headway. Essentially a form of ACH processing, eCheck Processing enable your customers to pay you directly from their bank account, using their secure online banking login. Your customer can authorize a one-time or recurring payment as quickly as a credit card transaction. But that's not all. A customer or merchant can even take picture of their paper check and upload it to their payments portal, and the bank will initiate an ACH transaction after "reading" the check. But in most cases, you don't even need the flimsy, outdated piece of paper. Electronic checks are by and large used completely online.