Experience Paystand
Test drive the Paystand platform to see how easy B2B payments can be.
Paystand is changing B2B payments with a modern infrastructure built on SaaS and blockchain that enables faster, cheaper, more secure business transactions.
Test drive the Paystand platform to see how easy B2B payments can be.
Automate accounts receivable, power your software marketplace, or connect to powerful APIs to customize your payment infrastructure.
Paystand integrates with major ERP and order management systems to provide robust payment functionality directly within your System of Record.
Learn the key elements for automating payments within NetSuite to streamline your payments process.
Most AR professionals are continually searching for new ways to reduce costs, improve cash flow and optimizing their processes. Paystand has curated content specifically designed to help AR professionals in their quest.
Learn how to reduce your DSO and improve operating cash flow.
Learn how to make your AR team and its processes more efficient and much more effective.
Learn how to reduce costs by creating scalable and efficient processes that lower overall transaction costs.
Paystand is on a mission to reboot commercial finance and create a more open financial system, starting with B2B payments.
We're creating a more open financial system. Learn more about the Paystand mission.
Join our fast-growing team of disruptors and visionaries.
Read about Paystand business updates and technology announcements.
Talk to the Paystand team today.
sales@paystand.com | (800) 708-6413
1800 Green Hills Road
Suite 200
Scotts Valley, CA 95066
Av Adolfo López Mateos Nte 95
Italia Providencia
44648 Guadalajara, Jalisco
México
Female-owned insurance pioneer in Virginia automations Accounts Receivable with Paystand.
BIIA’s accounting team needed a way to drive customers to the website for easy payment processing that would reduce time spent by staff, decrease uncertainty regarding processing fees, and significantly lower transaction costs.
BIIA turned to Paystand to deliver a seamless payment experience that addressed challenges within the context of their existing invoicing system. In just a matter of days, BIIA Insurance installed Paystand’s digital payment gateway to enable customer payments on the website.
CEO
Founded in 1999, Builders Insurance Industry Association (BIIA) Insurance is a fully licensed property and casualty insurance company offering a wide range of products and services to Virginia businesses, including compensation coverage, general liability, and commercial auto.
With an initial focus on the home building industry, BIIA has expanded to serve a wide range of business professionals. The effort expended on manual billing tasks became unsustainable as the company continued to grow.
BIIA’s existing process offered customers many disparate ways to make payments - mailing in a check, faxing a form with credit card details, or calling in to make a payment over the phone. All these methods required extra time and manual effort from both customers and BIIA employees.
In an effort to go digital, BIIA began offering payments to their customers online via credit card. But any time a customer paid with a credit card, BIIA was subject to fixed and variable credit card fees, creating new costs that dramatically impacted their bottom line.
BIIA’s accounting team needed a way to drive customers to the website for easy payment processing that would reduce time spent by staff, decrease uncertainty regarding processing fees, and significantly lower transaction costs.
BIIA turned to Paystand to deliver a seamless payment experience that addressed challenges within the context of their existing invoicing system. In just a matter of days, BIIA Insurance installed Paystand’s digital payment gateway to enable customer payments on the website.
Once it went live, all payment forms (ACH, credit card, debit card, etc.) could be processed easily and quickly through Paystand’s integrated payment gateway, making it easy for customers to pay on the website with zero intervention from BIIA staff. And Paystand’s consistent, blended rate gave BIIA instant visibility into fees for credit card payments.
With the launch of Paystand, BIIA Insurance improved back-ofce efciency, increased the volume of bills paid electronically by 42%, and cut transaction costs by nearly 50%.
Paystand is on a mission to create a more open financial system, starting with B2B payments. Using blockchain and cloud technology, we pioneered Payments-as-a-Service to digitize and automate your entire cash lifecycle. Our software makes it possible to digitize receivables, automate processing, reduce time-to-cash, eliminate transaction fees, and enable new revenue.