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

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?

Read More

The Truth about Credit Card Holds

Dec 21, 2022 by Zazil Martinez

With 90% of Americans owning at least one credit card, there's no doubt why they're AR departments’ preferred payment method. Their rapid processing time and enhanced tracking capabilities make them easier to process. But some credit card features can cause more harm than good. An excellent example of this is credit card holds.

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Everything You Need to Know About Convenience Fees (and How to Avoid Them)

Dec 8, 2022 by Zazil Martinez

We are at a time when money is digital. Cash payments are considered obsolete, and paying by credit card is the new normal. Yet, many businesses make an extra charge for this payment method.

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The Future Beyond Credit Card Fees

Dec 6, 2022 by Sage Thee

Here at Paystand, we believe that the best possible option for businesses is reducing credit card transactions.

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The State of Credit Card Fees 2022

Mar 1, 2022 by Kelsey Banerjee

Back in 2020, Visa announced its biggest interchange rate update in 10 years. But due to the pandemic, these sweeping changes, which would include fee restructuring, were postponed due to COVID. When the time came to implement the new interchange fee in 2021, it was delayed again - and again, the pandemic was the culprit. This credit card giant isn't alone. Mastercard also delayed its regular interchange fee update until 2021.

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How to Save Money on B2B Credit Card Processing Fees

Feb 10, 2022 by Brandon Jones

Unnecessarily high credit card processing fees frequently undercut B2B profits. For any business, these processing fees can drastically cut your profit margins, which can be damaging in highly competitive markets. However, more effective, budget-friendly payment options can help keep processing times short without triggering high fees.

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Pros and Cons of Accepting Credit Cards for Your Business

Nov 11, 2021 by Brandon Jones

Collecting payments for goods and services may be one of the cornerstones of a successful business. Although this behind-the-scenes activity often gets overlooked by many, unless an accounts receivable (AR) department is working efficiently, a company can quickly get into trouble.

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Understanding Credit Card Fees and How Your B2B Company Can Avoid Them

Sep 30, 2021 by Mark Fisher

Although credit cards are popular in the business-to-consumer market and frequently used in the business-to-business market, the costs and benefits are not the same – which is contrary to what most people initially think. For many businesses, credit card transaction costs that can be as high as 3.5% amount to a huge chunk out of your company’s revenue and already tight profit margins.

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Demystifying Interchange Fees

Aug 3, 2021 by Mark Fisher

Interchange fees are inherently tied to the legacy payment system. In fact, if you're a business owner, there is a 100% chance that at some point you've been paid with a credit card, and – you guessed it – that means you've also been subjected to pay a transaction fee for the process of accepting that payment from your customer. While most merchants accept interchange fees without batting an eye, the truth is that very few businesses truly understand what interchange rates are or how they work. As a result, that means most of them are missing out on critical information that can help boost their company's margins, ROI, and revenue in the long run.

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