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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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.

Read More

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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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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5 Mistakes in AR Automation and How to Avoid Them

Oct 13, 2022 by Zazil Martinez

AR automation is a great way to increase your cash flow and free up time so you can focus on growing the business. However, there are common mistakes that you should avoid when implementing automation in your business that need careful consideration so they don't disrupt ongoing workflows. Keep on reading to learn about these mistakes and how to avoid them.

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The Ins and Outs of Invoicing

Sep 22, 2022 by Sage Thee

Invoicing is an inevitable part of running a business — you need your customers, clients, and vendors to pay you, and you need to give them all the information they need to do so. Enter invoicing.

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The Billing Cycle Guide

Sep 14, 2022 by Kelsey Banerjee

Billing is the backbone of a business. Without regular cash flow, transactions can come to a halt, so having a sound billing strategy is essential for success. And one of the most important decisions you’ll make when strategizing is your billing cycle.

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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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Digitizing the Enterprise Cash Cycle

May 5, 2022 by Sage Thee

Part 1: Invoicing Digitizing the enterprise cash cycle is a complex undertaking. Some companies avoid it entirely for fear of losing customers or incurring operational expenses. Others attempt it in an effort to save time and reduce costs but regularly miss the mark. In this three-part post, we’ll be looking at the enterprise cash cycle and what it means to truly modernize your business payments.

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4 Common Accounts Receivable Challenges and How to Solve Them

May 3, 2022 by Kelsey Banerjee

Most companies have an accounts receivable (AR) policy for when and how much to bill and when to collect. But research shows that not all businesses execute that policy effectively. In fact, the average US business has up to 24% of its monthly revenue tied up in overdue invoices.

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