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Digital Payments for Your Businesses
Paystand Pricing, Features, Reviews and Alternatives
Paystand product overview
What is Paystand?
PayStand is a B2B payment platform which allows businesses to accept payments through their websites, mobile apps, invoices and billing systems, with support for debit and credit cards, eCheck, and ACH payments. The system also provides real-time analytics and reporting of all transactions.
Key benefits of using Paystand
- Collect Revenue Instantly
- Reduce Uncollected Revenue
- Save Time by Automating Manual Accounts Receivable Tasks
Typical customers
Platforms supported
Support options
Training options
Paystand pricing information
Value for money
4.1
/5
20
Starting from
299
Per month
Flat Rate
Pricing options
Value for money contenders
Paystand features
Paystand users reviews
Overall Rating
4.2
/5
20
Positive reviews
- Value for money
- Ease of use
- Features
- Customer support
- Likelihood to recommend7.43/10
15
1
0
1
3
Vasilis A.
Verified reviewer
Information Technology and Services, 501-1,000 employees
Used weekly for 1-2 years
Review source
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- PayStand is an exceptional tool for B2B payments. - PayStand will be a win-win tool for all the small and medium enterprises and beneficial for the budding startups.
- PayStand is a reliable solution for all B2B payments. Very easy to use interface and value for money product. - PayStand helps users to eliminate unnecessary transaction/credit card fees. - PayStand comes with great features starting from automating finance processes to integration with ERP very quickly and easily. - Integrate a payments interface into ERP invoicing for ACH, Bank Transfers, and Credit Card - Completely automate reconciliation and cash application against open invoices - Help alleviate DSO and paper check volume - Reduce or eliminate Credit Card/transaction fees
- PayStand is a feature-loaded medium for B2B payments, and there is nothing to dislike in PayStand. - The features and benefits offered by PayStand make it a reliable and value-for-money product.
Verified reviewer
E-Learning, 11-50 employees
Used weekly for 1-2 years
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We had an extremely manual billing and collections processes before switching over to Paystand. We were receiving paper checks via lockbox and processing Credit Card payments at a 2.9% rate. Invoices were manually filled out from a template, emailed to each individual customer at collections time, and then manually reconciled back into NetSuite. Our payment processor was managed in a separate system with a steep learning curve and even steeper transaction rates. When we implemented Paystand the entire invoicing process was centralized into NetSuite and streamlined by around 90%. It freed up a huge amount of time for me to focus on the admissions work that I was hired for, as well as new strategic projects.
The automation provided saved us a good 70-80 hours a week by automating invoicing processes. The Zero Fee payment rail saved us around 2% of our total annual revenue. Setting up automatic recurring invoices was extremely easy to do. When payments were made they were instantly reconciled into NetSuite and the customer's information was tokenized for later use. We didn't have to worry about PCI compliance, because Paystand handled all of this for us. Paystand's API features are extensive, and there's really a lot of customization available to you.
There was no Zero Fee option for international payments. Though their Credit Card rates are the best I've seen, so this wasn't too much of an issue.
Marcel H.
Electrical/Electronic Manufacturing, self-employed
Used weekly for 6-12 months
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Paystand was fairly inexpensive, and setup was simple. Works well.
Support staff's replies are tardy. Very sluggish to address issues and was unresponsive.
Steve D.
Wholesale, 11-50 employees
Used other for less than 6 months
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Giant waste of time. Don't bother with them. They are a mess. Management cannot be trusted. Poor or non-existent underwriting process. Lack of communication. No transparency. Hold your money for up to 5 days. Wasted our time for over a week for nothing. Worst financial company experience ever. Which there was a negative five stars as thats what they should have.
It seemed like a great way to accept payments via bank account from customers. Looks can be deceiving though. They are just a shell game floating and making money on your funds.
Poor management. Poor underwriting process. Hold on to your funds for up to 5 days. Not trustworthy. Not transparent. If management makes decisions they don't even have the common decency to inform the customer of what the situation is. Opaque, non-responsive, dishonest management. Do you want to trust funding to a company like this? Not a good idea. Terrible. Don't bother. You'd think any professional company would confirm a customer before signing them up... not Paystand! Sad.
Vasilis A.
Higher Education, 501-1,000 employees
Used monthly for less than 6 months
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Seems very good to accept payment from bank accounts. The technical support is great you can ask for help about everything
I can't find any bad in paystand it is little more expensive than others but deserve it
Paystand FAQs
Paystand has the following pricing plans:
Starting from: $299.00/month
Pricing model: Subscription
Q. Who are the typical users of Paystand?
Q. What other apps does Paystand integrate with?
Common Paystand comparisons
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