Paystand Blog

What to Look for When Choosing a Billing Portal

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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Kenzie Earle on June 26, 2017

SaaS, blockchain, Billing Portal, AR Solutions, Digital Payment, Payment remittance, Payment as a service

The First Three Things to Do When Faced with a Chargeback

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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Kenzie Earle on June 2, 2017

ACH, eCheck, merchant fees, credit cards, Billing Portal

The Advantages of eLockboxes & Modern Billing Portals

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 eLockboxes offer, you will understand why it’s a payment solution that is finally gaining traction.

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Kenzie Earle on March 14, 2017

Accounts Receivable, eLockBox Service, Billing Portal