Paystand Features

Automated Clearing House (ACH) is an electronic network that processes large volumes of financial transactions, including B2B payments.

Corporate debit and credit cards used specifically for B2B payments

Payments can be processed by batch without manual intervention

Ability to schedule payments at predefined dates and times

Workflows to manage every stage of the payment process

Self-service portals and mobile apps to submit invoices for processing

Match invoices, payments, and bank statement information

Clearing of electronic payments to transfer funds from customers to suppliers

Track each stage of the payment process and manage payments history

Comply with information security standards for credit card processing

Point-to-point encryption to convert sensitive financial information into indecipherable code

Features to protect companies from attempts to steal sensitive information like credit card details

Secure Sockets Layer is the standard security protocol for encryption of electronic data

Comply with the Sarbanes-Oxley Act (SOX) to protect companies and the public from accounting erros and fraud

Ensure compliance with Association of International Certified Professional Accountants standards for cloud vendors SOC1 and SOC 2

The software can be integrated with any other products

Reports are generated using financial data from multiple sources

The vendor provides pugins and APIs that customers can use to create custom integrations

Provide integration with accounting and financial management software

Integrates with other payments software

Deliver integrations with accounting modules of ERP systems

Built-in security to protect payment information in order to prevent fraud and hacking. 11 reviewers of Paystand have provided feedback on this feature.

Based on 13 Paystand reviews. The ability to process credit card payments and receive approval or denial of funds from the customer's bank.

As reported in 10 Paystand reviews. The ability to process mobile payments from a mobile wallet or other mobile phone payment app.

Based on 11 Paystand reviews. Reports and analytics created from payment data.

The ability to integrate directly with an e-commerce platform in order to create a seamless checkout experience. 10 reviewers of Paystand have provided feedback on this feature.

Fees associated with processing individual transactions that may be based on a percentage of the purchase or a flat rate. This feature was mentioned in 12 Paystand reviews.

Based on 11 Paystand reviews. The ability to integrate with a POS system in order to allow the processing of credit card or mobile payments in a store setting.

As reported in 11 Paystand reviews. Process payments from multiple channels such as ACH, mobile, or e-commerce.

Based on 11 Paystand reviews. Supports levels 1 and 2 for credit card payment processing.

Supports level 3 credit card processing which requires additional data for qualification. This feature was mentioned in 11 Paystand reviews.

As reported in 11 Paystand reviews. Allows users to process payments in multiple currencies.

Provides an online portal where customers can make payments. This feature was mentioned in 12 Paystand reviews.

Support cardholder verification methods for POS transactions. This feature was mentioned in 10 Paystand reviews.

Based on 13 Paystand reviews. Provide integration with accounting software and ERP systems.

As reported in 10 Paystand reviews. Provide integration with B2B and B2C e-commerce platforms

Provide standard invoice templates that can be customized by users

Ability to convert invoices to digital formats such as PDF

Automatically generates invoices at pre-defined time intervals

Allow users to consolidate multiple invoices into one

Ability to create multiple types of invoices

Manage invoicing for different types of products or services

Facilitates the acceptance of electronic payment for online transactions

Features a common interface for in-store, online, and on-the-go set across all acceptance points

Reports on the status of invoices or payments This feature was mentioned in 11 Paystand reviews.

Run reports on customer credit This feature was mentioned in 12 Paystand reviews.

Based on 12 Paystand reviews. Tracks all transactions, from issuing invoices to payment reminders to receiving payment

Based on 13 Paystand reviews. Integrates with accounting or similar platforms

As reported in 14 Paystand reviews. Integrates with ERP systems

As reported in 12 Paystand reviews. Creates or imports invoices

Collects different payment types and manages payment terms 13 reviewers of Paystand have provided feedback on this feature.

Offers customizable approval processes for all types of transactions This feature was mentioned in 12 Paystand reviews.

Based on 11 Paystand reviews. Reconciles payments to invoices to ensure matching

Capability to perform complex tasks without constant human input

Capability to perform complex tasks without constant human input

Improves performance based on feedback and experience

Sends automated messages and reminders, resolves disputes, or does proactive outreach.

Responds to basic questions from inbound emails.

Analyzes past transactions to make a prediction of when future payments are likely to be paid.