Paystand Blog

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

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How Blockchain is Transforming Accounting and Finance

May 31, 2023 by Zazil Martinez

As technology continues to shape our lives, one revolutionary solution has emerged to transform the way we record, verify, and audit financial transactions: blockchain. With its ability to introduce transparency and decentralized record-keeping, blockchain holds immense potential, particularly in accounting.

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The 6 Benefits of Real-Time Payments for You and Your Clients

May 30, 2023 by Kelsey Banerjee

Introducing the world of real-time payments, where speed, efficiency, and cost-effectiveness revolutionize business transactions. With instant processing and minimal fees, real-time payments offer seamless experiences in B2B transactions.

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How to Save Money on B2B Credit Card Processing Fees

May 26, 2023 by Brandon Jones

High credit card processing fees can significantly impact the profitability of B2B businesses, cutting into profit margins and harming competitiveness. However, effective and budget-friendly payment options can keep processing times short without triggering excessive fees.

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Solutions for Slim Margins in the Solar Industry

May 3, 2023 by Zazil Martinez

In the solar industry, competition is fierce, and companies constantly strive to establish their brand and gain a competitive edge. While a promising technology with significant benefits for the environment and energy sector, businesses in the industry face numerous challenges, such as improving efficiency and reducing costs while maintaining competitive pricing for their customers.

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What are eChecks and How Do Businesses Accept Them?

May 2, 2023 by Kelsey Banerjee

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. And for good reason.

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What’s the Difference Between ACH and EFT Payments?

Mar 30, 2023 by Zazil Martinez

B2B payments have officially moved online. But like with any other changing technology, there's the misconception that online money transfers are risky.

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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.

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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%.

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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.

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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?

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