Paystand
Paystand is a sophisticated digital payment and accounts receivable (AR) automation solution tailored specifically for business-to-business (B2B) companies. This platform is designed to facilitate seamless transactions among its extensive payment network, which includes over one million businesses actively engaging in transactions via the Paystand B2B Network. By leveraging this technology, users can efficiently accept payments, streamline their collections processes, and automate numerous manual AR tasks, ultimately leading to enhanced operational efficiency. The target audience for Paystand primarily includes B2B companies looking to optimize their payment processes and improve cash flow management. The platform addresses common challenges faced by these businesses, such as high transaction fees, slow payment cycles, and cumbersome manual processes. By automating these aspects, Paystand empowers organizations to focus on their core operations while ensuring timely and efficient payment collection. One of the most notable features of Paystand is its innovative payments-as-a-service model, which eliminates traditional transaction fees. This unique approach allows users to process payments without incurring additional costs or markups, granting access to wholesale processing rates. This not only alleviates the financial burden on businesses but also enhances payment efficiency, reducing costs and operational friction. Additionally, Paystand's seamless integration with various enterprise resource planning (ERP) systems, including NetSuite, Sage, Microsoft Dynamics, and Acumatica, enhances the overall customer payment experience. This compatibility simplifies transaction management and fosters clear communication between businesses and their customers. Beyond cost savings, Paystand's comprehensive solution significantly boosts team productivity by automating routine tasks. By streamlining the accounts receivable process, employees are freed from mundane administrative duties, allowing them to concentrate on more strategic initiatives that drive business growth. This shift not only enhances employee satisfaction but also contributes to a more agile and responsive organization. Paystand stands out in the digital payment landscape by combining cost efficiency with advanced automation, making it a valuable tool for B2B companies seeking to modernize their payment processes and improve overall operational effectiveness.
Average Rating: 4.4/5.0
Total Reviews: 45
How Do G2 Users Rate Paystand?
- Has the product been a good partner in doing business?: 8.6/10 (Category avg: 9.2/10)
- Bank Reconciliation: 8.5/10 (Category avg: 8.5/10)
- Accounting: 9.2/10 (Category avg: 8.9/10)
- ERP: 9.2/10 (Category avg: 8.5/10)
Who Is the Company Behind Paystand?
- Seller: Paystand
- Company Website:
- Year Founded: 2013
- HQ Location: Santa Cruz, California
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Twitter: @paystand
9,571 Twitter followers -
LinkedIn® Page: www.linkedin.com
227 employees on LinkedIn®
Who Uses This Product?
- Top Industries: Accounting
- Company Size: 59% Medium, 39% Small
What Do G2 Reviewers Say About Paystand?
AI-generated summary from verified user reviews
Pros
- Users value the excellent customer support from Paystand, ensuring smooth operations and tailored solutions for their needs.
- Users value the ease of use of Paystand, appreciating its simplicity and seamless integration with existing processes.
- Users appreciate the automation of payment collection with Paystand, significantly reducing manual effort and time spent on transactions.
- Users appreciate the easy payment process with Paystand, enabling quick, efficient transactions without customization hassles.
- Users appreciate the time-saving automation offered by Paystand, greatly reducing manual effort in payment collections.
Cons
- Users face delays in payment clearance, with notifications about bounced ACH transactions coming too late for efficient management.
- Users face payment issues with delayed notifications for bounced transactions, complicating cash flow management significantly.
- Users find customer support lacking, especially in addressing complex issues and improving the online portal experience.
- Users express concerns about high fees associated with Paystand, adding unexpected costs beyond standard merchant charges.
- Users face integration issues with Paystand, experiencing complications when integrating with already cluttered systems.
What Are Recent G2 Reviews of Paystand?
"Seamless ERP & Ecommerce Payments That Speed Up Invoicing and Shipping"
Rating: 5.0/5.0 stars
— Eric M.
"Paystand Saves Time on Customer Service and Accounts Receivable Tasks"
Rating: 4.0/5.0 stars
— Verified User in Accounting

