PAYSTAND BLOG

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

PayStand Releases SuiteApp Integration To Extend Best-In-Class Payment Functionality Within NetSuite

Company Delivers One-Click-Simplicity to Handle Enterprise Cash Cycle

SCOTTS VALLEY, Calif. - October 25, 2018 - PayStand, the B2B payment platform for the future of commerce, today announced the next generation of its SuiteApp integration, delivering all-in-one electronic payment functionality within NetSuite for companies of all sizes. North American businesses exchange $18 trillion in paper checks alone each year, costing them over $550 billion in process and delays, while more than half of all commercial payments globally are still paper check. PayStand together with NetSuite gives businesses a next-generation platform that automates the entire enterprise cash cycle.

Mark Fisher Mark Fisher on October 25, 2018

netsuite, Payments, B2B Payments, Accounts Receivable

What is a Bank Lockbox Service and How is it used for Payments

Across the cash management process of many businesses, Bank Lockbox Services have been around for decades as a way for treasury & finance teams to improve their receivable process for checks and other corporate payments sent through the mail. But in today's digitally connected Internet economy, electronic alternatives to traditional lockbox services have emerged. Today we'll explore a little bit about the advantages and disadvantages of a lockbox services and how electronic lockbox alternatives such as an online billing portal may be the next step in the evolution to a traditional commercial lockbox service.

Kenzie Earle Kenzie Earle on February 9, 2017

Payments, B2B, Accounts Receivable, Lockbox Services

What Makes For a Great B2B Ecommerce Store?

When it comes to ecommerce, you may be surprised to learn that there are many similar requirements between B2B and B2C – such as the need for quality product images, intuitive navigation and a seamless customer journey. But B2B businesses also face their own unique challenges; factors like high sales volumes, long buying cycles and multiple decision makers getting involved along the way. This means they require a slightly different approach to the standard B2C business plan.

Scott Campbell Scott Campbell on November 29, 2016

B2B, Payments, ecommerce, WooCommerce, magento

Introducing Blockchain Certified Payments

Today PayStand, is introducing a completely new way for enterprise payments to leverage the blockchain. For the first time in the industry, PayStand customers have the option to certify and notarize payments on the blockchain (from payment requests & invoices to completed payment receipts) to ensure that the history of payments are secure, auditable, independently verifiable, and free of tampering.

Erica Zeidenberg Erica Zeidenberg on October 26, 2016

B2B, e-invoicing, cloud, e-billing, blockchain, Payments

5 Smart B2B eCommerce Strategies For 2018

Frost and Sullivan predicts that B2B eCommerce sales will reach $12 trillion by 2020. That's up about 400% from the $5.5 trillion spent in 2012.

That kind of growth offers a great opportunity for businesses in the B2B space. However, it also opens up the potential for significant competition.

Here are 3 strategies that B2B companies should employ in 2018: 

Scott Campbell Scott Campbell on May 18, 2016

online payments, One-Click Checkout, Payments, WooCommerce, B2B, Enterprise payments, b2b ecommerce

Four Keys to Adding Payments to Your Software Platform

It’s been said that “software is eating the world” - and it’s true. Software platforms for businesses (aka B2B software platforms) are proliferating at an accelerating rate, serving a dizzying array of business needs including accounting, project management, time tracking, billing, CRM, and many others. Developers are racing to fill the needs, creating broad-based “generic” platforms as well as highly specialized tools that cater to the specific needs of particular industries. So whether a company sells organic beverages to corner groceries or horse feed for thoroughbreds, there are probably multiple tools available to help them to better manage their business. The abundance of tools creates an imperative for platform providers to continuously add new capabilities to deliver value to their users. Increasingly, B2B software platform providers are turning to payment services as a key area of innovation.

Jeremy Almond Jeremy Almond on February 11, 2016

tools, online payments, One-Click Checkout, Payments, payments-as-a-service, SaaS, B2B, Enterprise payments, e-billing

How Payments-as-a-Service Is Changing an Industry

What happens when you apply SaaS principles to payment processing?

You may not realize it, but you probably depend on multiple SaaS (Software-as-a-Service) products to get through your work day (and at home in the evenings, when you tune into your favorite streaming service). SaaS refers to an Internet-based service for which you pay a monthly subscription fee, and in return receive access to the latest improvements and technical support.

Jeremy Almond Jeremy Almond on March 23, 2015

Bitcoin, ecommerce, Payments, payments-as-a-service, SaaS, eCheck

Are You Ready for Bitcoin to Go Mainstream?

When we launched PayStand almost one year ago, most of our early customers had never heard of Bitcoin, or if they had, they were skeptical about accepting it in their organizations. Silicon Valley is abuzz with development and investment in Bitcoin-related technology, but as in the early days of the Internet, there is speculation, volatility, and media frenzy surrounding the virtual currency. Several business owners and nonprofits we spoke with have adopted a “wait and see” approach, but like having the option to enable Bitcoin in the future. At PayStand we offer our merchants one payments platform with traditional methods alongside Bitcoin (which we call "eCash"), so they can extend the option to their customers when they're ready.

Jeremy Almond Jeremy Almond on March 16, 2015

Bitcoin, paystand, online payments, ecommerce, Payments, small business

PayStand Essentials: How to Decode your Merchant Statement

When we first started talking to business owners and nonprofits about lowering their transaction fees, we were surprised to discover that many of them had no idea what they were currently paying to accept credit cards. So, we offered to take a look at their current merchant statements to find out. What we found was even more surprising: most of the statements showed that these merchants were paying a lot more than the percentage rate they were originally quoted for credit cards. It took some digging to figure out the effective rate being paid, however, because merchant processor statements are universally inscrutable.

Jeremy Almond Jeremy Almond on March 3, 2015

3-tier, Payments, interchange plus, flat rate, merchant fees, credit cards, merchant statement, How To

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