Paystand Blog

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

Recent posts

How to Increase Solar Revenue (Without Changing Your Business Model)

May 24, 2022 by Kelsey Banerjee

Even before the pandemic brought the supply chain to a grinding halt, the renewable energy sector had been feeling the squeeze. While the cost of installation has dropped by a whopping 60% in the past ten years, the economics around pricing solar energy has been a trickier process.

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5 Best Billing Software

May 19, 2022 by Kelsey Banerjee

Let's be honest: Sound billing software is more than sending reoccurring invoices or scheduling a payment reminder. Finance professionals must juggle compatibility with multiple payment gateways, gauge the payment processing time, evaluate cash flow forecasting visualizations, review the customizable invoices options, and pursue expense tracking features.

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Everything You Need to Know About Decentralized Finance

May 18, 2022 by Sage Thee

What is decentralized finance (DeFi)? Put simply; decentralized finance is the opposite of centralized finance, the pervasive financial structure currently used. Centralized finance depends on a central bank, and a central authority governs the system and often regulates who has and doesn’t have access to it — something referred to as financial gatekeeping.

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What to Look for When Choosing a Billing Portal

Jun 26, 2017 by Kenzie Earle

In our last look at traditional lockboxes, we learned what is entailed in the involved process and that there is a large margin for error. The current challenges include poor working capital optimization, zero cash visibility and friction in buyer-supplier relations due to frustrating limitations in the payments realm. One of the biggest issues in B2B payment processing is that both buyers and suppliers are comfortable with the way they’re processing payments now – even if the method is antiquated and ineffective. PayStand aims to stand by a progressive methodology in order to promote a higher standard in for players in the world of FinTech and the businesses that are impacted by it.

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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 Advantages of Digital/Electronic Lockboxes & Modern Billing Portals

Mar 14, 2017 by Kenzie Earle

In our last article on traditional lockbox services, we learned that though it’s an antiquated method, traditional lockboxes are still the dominant way enterprise businesses transact. There is $550 billion lost while businesses continue to transact manually with other businesses via paper check. You don’t see people clutching their rotary phones after being offered the brilliance and convenience of an iPhone…after learning a bit about what Digital (aka Electronic) Lockboxes offer, you will understand why it’s a payment solution that is finally gaining traction.

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