PayStand

PayStand offers a Payments-as-a-Service platform that works as a billing and payment network. It digitises receivables, automates payment processing and aims to shorten the time between invoice and cash.

What PayStand offers

• Multiple payment methods — eCheck, ACH, debit cards and credit cards in the same portal.
• Automated processing — handles the payment cycle without manual steps.
• ERP integration — connects with major enterprise resource planning systems.
• Receivables digitisation — moves invoicing and collection online.
• Enterprise cash cycle — the vendor says the product automates the whole route from billing to cash received.

Who it works with

The description speaks to enterprise businesses wanting to automate their cash cycle from invoice to settlement.

Key facts

• Model: Payments-as-a-Service
• Goals: lower transaction costs and new revenue opportunities