Paystand Blog

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

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The Transformation of Digital Payments from Legacy Payments

Jan 13, 2022 by Brandon Jones

As businesses become more tech-savvy, so must their business process. This is true for B2B payments, where a digital transformation is currently underway. And it’s all for the better—there are numerous benefits to switching to digital payments.

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9 Software Tools for Startups

Jan 6, 2022 by Brandon Jones

Establishing a startup company can be an exciting and stressful venture. You’re probably concerned with mounting expenses, marketing challenges, and employee worries. Finding the right set of software for your startup can be a great way to mitigate some of those challenges in an affordable and easy manner.

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Top Accounts Receivable Challenges for 2022

Jan 4, 2022 by Kelsey Banerjee

Accounts receivable management protects the cash flow of its organization - but in 2021, businesses worldwide faced extreme challenges due to supply chain shortages and asynchronous lockdowns. Customer relationships were strained as vendors attempted to delay payments, and AR teams worked to bring more cash in.

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It's The End Of Interchange As We Know It (And I Feel Fine)

Jun 9, 2021 by Mark Fisher

“You never change things by fighting the existing reality. To change something, build a new model that makes the existing model obsolete.” ― Buckminster Fuller

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What is the Paystand Bank Network?

Nov 13, 2019 by Eduardo Lopez

The Paystand Bank Network allows you to move money electronically without paying any transaction fees. Paystand covers over 90% of the US banking market and 98% of all commercial accounts, making it the most complete digital payment network available to businesses today.

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100,000 Thanks and A Look At Our Fintech Advisory Council

Oct 10, 2019 by Mark Fisher

Our mission at Paystand is pretty straight-forward (but certainly not easy): reboot the broken financial system. Since we started chipping away at this audacious goal nearly 5 years ago, we've built truly innovative technology, forged deep customer relationships, and most importantly, started a movement toward a more open financial system that provides businesses with greater control over their capital. Today, we’ve got a few updates on how we’ve been delivering against that mission. Since raising our Series A, we’ve quickly become the fastest growing commercial payments platform. Over 100,000 businesses are now paying through the Paystand Bank Network, eliminating millions of dollars in transaction fees.

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How much is it costing your business to accept paper checks?

Sep 4, 2019 by Eduardo Lopez

Paper checks are one of the most costly ways to collect payments. Many businesses think getting paid by check is free, but check use come with labor costs and processing fees. In 2018, North American businesses processed over $18 trillion in paper checks, and it cost them a staggering $550 billion in profit due to delays, labor, and errors.

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