Paystand Blog

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

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How to Save Money on B2B Credit Card Processing Fees

Jun 2, 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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How Automation Helps Avoid Broken Transfers

Jun 1, 2023 by Zazil Martinez

In the fast-paced world of B2B, an efficient accounts receivable process is vital for smooth operations. One common challenge that can disrupt the entire staff is broken transfers. While seemingly insignificant, these disruptions can significantly impact the AR process, leading to a lengthened cash cycle and increased DSO.

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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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How to Save Money on B2B Credit Card Processing Fees

Jun 2, 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.

Read More

Pros and Cons of Accepting Credit Cards for Your Business

Apr 3, 2023 by Brandon Jones

In today's fast-paced digital economy, businesses must adopt new technologies to stay competitive. Credit cards offer many advantages to businesses, but they also have disadvantages. What should companies consider to accept or decline credit card payments?

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Surcharging: A State-by-State Guide

Mar 16, 2023 by Zazil Martinez

Are businesses allowed to charge a surcharge to customers for credit card payments to compensate for credit card processing fees? Surcharging is legal in most U.S. states but prohibited in some. Learn some surcharging best practices, such as investigating and following regulations and giving notice to customers and card companies.

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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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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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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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