Paystand Spend

A better way to pay

  • Full-stack corporate card and expense management
  • Rebates that may appreciate in value
  • Customizable & company-branded cards
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Pay your suppliers seamlessly & eliminate employee expense reports

With Paystand's DeFi Corporate Card, you can manage your supplier payments and operating expenses with control & flexibility. 

Instantly provision virtual and physical cards with custom spend controls and earn 1% back in Bitcoin on every purchase.

Features:
  • Virtual and physical cards for your whole team 
  • Advanced spend controls like custom spend limits, auto-lock dates, and category controls 
  • Employees can upload receipts and transaction memos
  • Company-branded cards
  • Earn 1% back in Bitcoin on every purchase

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Create Cards
Create Cards

24/7 access to virtual and physical card creation. Set custom limits and auto-expiration dates so your employees' expenses and supplier payments are always in your control. 

Control Spend
Control Spend

Prevent unauthorized charges and track transactions wit their receipts, memos, and accounting categories all in one place. Say goodbye to employee reimbursements. 

Get Rewarded
Get Rewarded

Earn bitcoin on every business expense. No investment, fees, or compliance nightmare incurred on your part.

Explore how Paystand Spend works in this 3 minute demo video

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Speed and Flexibility

Real-time expense tracking

Track all card transactions automatically in a single platform by class and category. Employees can upload receipts with each transaction right from their dashboard. 

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Comprehensive Security

Touchless and secure

With Paystand Spend, you can create virtual and physical cards any time, anywhere.  Virtual cards reduce fraud on online purchases significantly. You can assign cards internally for your company, or externally for your supplier payments.

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Experience DeFi Corporate Card

Apply in less than 5 minutes

Apply for a Paystand Spend account within minutes that gives you tighter control over your team’s expenses and bitcoin rewards. 

Sign up and an account executive will be in touch!

 

Please note that if you suspect any unauthorized charges, you can dispute charges here. Our team will investigate the dispute and deliver a resolution within 60 business days. 

**Terms and conditions

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FAQs

Am I eligible to apply?

Paystand Spend is available to corporations and other forms of non-individual liability companies. Paystand underwrites with Employer Identification Numbers (EINs), so consumers, sole proprietors, and other unregistered businesses are ineligible. Only companies organized and registered in the United States (such as C-corps, S-corps, LLCs, or LLPs) may apply for a DeFi Corporate Card account.

Consumers, sole proprietors, unincorporated partnerships, and companies registered outside the United States are not permitted to use, or attempt to open or use, a DeFi Card account. There are also some prohibited activities and businesses that Paystand cannot support, see our Terms of Service. 

What are the payment terms?

Your Paystand Spend Account comes with pre-funded limit by Paystand when you are approved, and you pay back this limit on a daily basis from the bank account you link when you apply.

How do I pay my card balance?

Your card balance is paid automatically on a 24 hour basis. Paystand initiates an ACH pull from your business bank account and then replenishes your account spend limit immediately. 

How do you connect my business bank account?

You will link your business bank account when you apply. 

 
Will applying affect my personal credit score?

No. Applying for Paystand Spend, whether your application is approved or rejected, will never affect your personal or business credit score.

How do you determine my spend limit?

Paystand determines your business account spend limit based on your spend needs and bank account balance. We may increase your spend limit as you consistently pay your cards. 

What crypto rewards does Paystand offer?

Paystand offers best-in-class bitcoin rewards based on a percentage of card spend volume. You get 1% back in bitcoin on all purchases, and 2% back when you spend $10K in your first 30 days. See our Rewards Terms of Service here. 

How can I redeem my rewards?

As long as your Card remains open and in good standing and you have spent at least $10,000 in a 30 day time frame, you can request Paystand to sell your rewards at the applicable market price at the time of disbursement (subject to applicable spreads, charges, or fees) and calculated and paid to the one hundred millionth of the relevant unit of bitcoin.

How do you determine the cost basis of my rewards?

The cost basis of your rewards is the market price (as provided by Gemini Exchange) of bitcoin at the time Paystand bought bitcoin. The market price is calculated as the lowest sell order for that digital asset on Gemini Exchange’s order book at such time, or as otherwise reasonably calculated.

What are the tax implications of receiving crypto rewards?

In general, the IRS deems credit card rewards as “rebates” rather than “income” which would imply they are non-taxable. There are some scenarios (such as selling crypto for a profit) that may need to be considered for tax implications. This content is for informational purposes only and is not tax or legal advice. Please consult your tax advisor for further guidance.