Zero fee
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Integrations
Paystand integrates with major ERP and order management systems to provide robust payment functionality directly within your System of Record.
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Resources
Most AR professionals are searching for new ways to reduce costs, improve cash flow, and optimize their processes. Paystand has curated content to help AR professionals in their quest.
The Future of FinanceUncover the trends, tools, and strategies you need to stay ahead of the curve.
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Company
Paystand is revolutionizing B2B payments with a modern infrastructure built as a SaaS on the blockchain, enabling faster, cheaper, and more secure business transactions.
Our mission is to reboot commercial finance by creating an open financial system.
Payments as a ServiceWhere We Operate
United states
Paystand is headquartered in California and operates nationwide, serving businesses across all 50 states.canada
We support operations in Canada with localized payment capabilities, including CAD EFT and cross-border support.
$65K Saved in 6 Months: How Penntek Doubled Payment Efficiency
Revolutionizing cash flow and saving thousands for industrial coatings with Paystand’s digital payment platform.
Headquarters
Maple Grove, MN
Industry
Floor Coatings Manufacturing and Distribution
Client
Challenge
Penntek Coatings faced inefficiencies with manual check processing, high credit card fees, and frequent month-end discrepancies, while struggling to modernize their payment experience and pass on processing fees.
Solution
With Paystand, Penntek automated payments, reduced credit card usage, streamlined month-end adjustments, and improved cash flow management, saving time and costs while enhancing the customer experience.
Testimonials
“Paystand’s digital payment solution has saved us money and improved our customer experience. It's been a game-changer for our operations.”
Bob Thonet
CFO
Challenges Faced by Penntek Coatings
- Manual check processing consumed staff time and created errors.
- High transaction fees from credit card use reduced profitability.
- Outdated processes led to month-end financial discrepancies.
- Customer payment experience required modernization.
Results Delivered by Paystand
- $65,300 Saved in convenience fees in just 6 months.
- Nearly double the transaction volume, increasing from $15.6M to $30.4M annually.
- Improved customer satisfaction with a modernized payment process.
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