Paystand

Paystand is transforming B2B payments through a modern infrastructure built on SaaS and blockchain technology. The company’s offerings include the Paystand Bank Network, Smart Lockbox, Collections Automation, eCheck and ACH, Tokenization and Fund-on-File, Payment Portal, Data Insights and Intelligence, and Enterprise Match. Paystand provides solutions to automate accounts receivable, power software marketplaces, and connect to powerful APIs for customized payment infrastructure. Serving industries such as construction, food and beverage, insurance, manufacturing, medical suppliers, and renewables and environment, Paystand integrates with major ERP and order management systems like NetSuite, Sage Intacct, Dynamics 365, Acumatica, Magento, WooCommerce, and Xero. The company’s B2B payment solution eliminates transaction fees, automates accounts receivable, and accelerates the cash cycle. Paystand’s zero-fee payment rail through its Bank Network enables real-time fund transfers and automated payment settlements. The solution automates the entire cash cycle, including invoicing, dunning, reconciliation, and month-end processes, reducing errors and enhancing customer experience with frictionless payment options. Paystand’s tools help businesses speed up time-to-cash, reduce fraud and chargebacks, and simplify the payer experience. With robust ERP integrations, Paystand streamlines financial processes with end-to-end payment functionality. The company also offers a Paystand Spend Card for business expenses, providing flexible virtual and physical card provisioning, comprehensive spend controls, and real-time expense tracking. Additionally, Paystand’s eCheck payment processing allows businesses to accept eChecks at a lower cost than credit cards, with instant funds verification. The Enterprise Match feature helps reconcile direct deposits with automated invoice matching within NetSuite, while the Xero integration automates payments for invoices and manages payments, collections, refunds, and disputes on a simplified dashboard.