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Paystand Reviews & Product Details

Verified User in Warehousing
UW
Small-Business(50 or fewer emp.)
Validated Reviewer
Verified Current User
Review source: Organic
Business partner of the seller or seller's competitor, not included in G2 scores.
What do you like best about Paystand?

Paystand was very affordable and setup was straight forward Review collected by and hosted on G2.com.

What do you dislike about Paystand?

Getting anything done after setup was like pulling teeth. Everyone I spoke to seemed apathetic, was slow to respond, and treated our business poorly. We lost a significant amount of disputes vs. any of our previous merchants. Review collected by and hosted on G2.com.

What problems is Paystand solving and how is that benefiting you?

Terrible customer service but low price. Review collected by and hosted on G2.com.

Paystand Overview

What is Paystand?

Paystand is a leading digital payment solution for B2B companies, with over 170,000 businesses transacting on its payment network. Paystand makes it easy to accept payments, streamline collections, and automate hours of manual AR tasks. Using Paystand, you can enable no-fee payments and simplify complex accounting processes and operations like collections, payment reconciliation, and the communication workflow with customers. You won't find any additional fees or markups associated with Paystand's network. Instead, you can access wholesale processing rates and collect payments electronically without paying any transaction fees. With robust support for many ERPs like NetSuite, Xero, and other eCommerce systems like Magento and Epicor, Paystand integrations upgrade the entire customer payment experience. Paystand helps you reduces costs and frees up AR resources across your business to improve cost savings, team productivity, and cash flow.

Paystand Details
Product Website
Languages Supported
English
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Product Description

Modern online payments & checkout. Stop paying transaction fees. Accept multiple payment methods: credit cards, echeck, and ecash/bitcoin at 0%.


Seller Details
Seller
PayStand
Company Website
Year Founded
2013
HQ Location
Scotts Valley, California
Twitter
@paystand
9,144 Twitter followers
LinkedIn® Page
www.linkedin.com
213 employees on LinkedIn®
Phone
800-708-6413
Description

PayStand is a cloud-based payments platform designed to help businesses automate and modernize their receivables and payment processes. Offering tools for billing, invoicing, and payment collection, PayStand eliminates transaction fees through its blockchain-based payment network and provides businesses with faster, more secure, and cost-effective payment options. The platform integrates seamlessly with ERP and accounting systems, enabling companies to improve cash flow and streamline financial operations.


Erika H.
EH
Overview Provided by:

Recent Paystand Reviews

Nilay L.
NL
Nilay L.Small-Business (50 or fewer emp.)
4.5 out of 5
"easy and fast integration"
the integration is quite easy and well documented that it works flowlessly. Also details provided is quite useful for further process in prodcut. s...
Ashish C.
AC
Ashish C.Mid-Market (51-1000 emp.)
5.0 out of 5
"Recommended to all B2B organizations."
I just say unbelievable response, while integration we are worried about the process and implementation but now it's really easy and maintains the ...
Verified User
A
Verified UserSmall-Business (50 or fewer emp.)
5.0 out of 5
"Peace of Mind"
Integrating Paystand into our NetSuite environment has been a game changer for our company. It has streamlined receiving customer payments and has ...
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Paystand Media

Paystand Demo - Paystand - Mobile optimized
Pay from anywhere, anytime
Paystand Demo - Paystand Billing Portal
Billing Portal Example
Paystand Demo - Magento Payments
Create scheduled payments with our Magento custom integration
Paystand Demo - Maximize efficiency in your Accounting cycle
Custom Billing Portal>Multiple Payment Rails>Reporting & Notifications
Paystand Demo - Paystand - Eliminate Transaction Fees
Paystand
Paystand Demo - Paystand - eChecks
Paystand

Official Downloads

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10 out of 11 Total Reviews for Paystand

4.2 out of 5
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10 out of 11 Total Reviews for Paystand
4.2 out of 5
10 out of 11 Total Reviews for Paystand
4.2 out of 5

Overall Review Sentiment for PaystandQuestion

Time to Implement
<1 day
>12 months
Return on Investment
<6 months
48+ months
Ease of Setup
0 (Difficult)
10 (Easy)
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Ashish C.
AC
Test engineer
Mid-Market(51-1000 emp.)
Validated Reviewer
Review source: G2 invite
Incentivized Review
What do you like best about Paystand?

I just say unbelievable response, while integration we are worried about the process and implementation but now it's really easy and maintains the process of payments with multiple vendors, and easy to make information shared day by day merchant-wise. Review collected by and hosted on G2.com.

What do you dislike about Paystand?

As of now nothing much but I believed in the future we will get some new features along with benefits in the market trends. And one thing which needs to notify make customer based on priority wise. it will really be helped in future payment modes. Review collected by and hosted on G2.com.

What problems is Paystand solving and how is that benefiting you?

Easy to handle multiple vendor payments and one place to view and easy to manage merchant-wise payments now we can sit and just need to review only and support is available at any time whenever we need help in terms of payment fails or some other course of issues. Review collected by and hosted on G2.com.

Nilay L.
NL
Freelancer Fulltime
Small-Business(50 or fewer emp.)
Validated Reviewer
Review source: G2 invite
Incentivized Review
What do you like best about Paystand?

the integration is quite easy and well documented that it works flowlessly. Also details provided is quite useful for further process in prodcut. support is also very quick. Review collected by and hosted on G2.com.

What do you dislike about Paystand?

Setting up a dashboard with it is quite complex as lot of options are provided. and also price is bit on highrer side so for small business it is expensive. Review collected by and hosted on G2.com.

What problems is Paystand solving and how is that benefiting you?

B2B transaction for my product and handling it selelessly is the thing which help my business a lot.also the transparancy provided in transaction is very trustworhy . Review collected by and hosted on G2.com.

Verified User in Computer Software
AC
Small-Business(50 or fewer emp.)
Validated Reviewer
Review source: Organic
What do you like best about Paystand?

Integrating Paystand into our NetSuite environment has been a game changer for our company. It has streamlined receiving customer payments and has automated our dunning process beautifully. Review collected by and hosted on G2.com.

What do you dislike about Paystand?

It took us a while to get the email templates the way we wanted and making changes is not intuitive. We would prefer having more control over or understanding of the behind-the-scenes functionality. We are different than a lot of companies who just want to know it works, but not necessarily how. Review collected by and hosted on G2.com.

What problems is Paystand solving and how is that benefiting you?

Paystand has provided us with templated invoicing emails that allow our customers to self-service pay, without needing to call and give us payment information over the phone or send a check. This has had a direct impact by freeing up our sales team to pursue new orders, has cut our turnover ratio in half, and has given us peace of mind regarding PCI compliance and security for customer payment data. In addition, our dunning process is now entirely automated. Review collected by and hosted on G2.com.

Garrett F.
GF
Mid-Market(51-1000 emp.)
Validated Reviewer
Verified Current User
Review source: Organic
What do you like best about Paystand?

The customer support has been a positive overall experience, and our ability to offer our customer base multiple payment options is vital to our company's success. Review collected by and hosted on G2.com.

What do you dislike about Paystand?

Having an integration from a payment platform to an ERP is never perfect. There can be extensive challenges when a customer disputes a payment, having to reconcile between two systems. However, this is a common challenge across any secondary platform and is not exclusive to Paystand. Review collected by and hosted on G2.com.

What problems is Paystand solving and how is that benefiting you?

Before Paystand, credit card payments were not possible and we could only process payments via check, wire, and ACH. Having the Paystand platform to facilitate not only these transactions, but to also offer auto pay has been really nice. Review collected by and hosted on G2.com.

KA
Mid-Market(51-1000 emp.)
Validated Reviewer
Review source: Organic
What do you like best about Paystand?

We've been utilizing Paystand with our new system, NetSuite, since May 2022. It saves us a lot of time with the payment allocations because the payments made by the customers are reflected directly into our system. They also customized invoices to meet our needs. One of my favorite features is the autogenerated past due notices they send to our customers. We have a small AR team and this free's up so much time for us to do other tasks. Review collected by and hosted on G2.com.

What do you dislike about Paystand?

Some of the Paystand Best Practices don't seem to process well with our version of Netsuite, but I don't dislike anything with Paystand because their team is always willing to help us to resolve any issues we may have. Review collected by and hosted on G2.com.

What problems is Paystand solving and how is that benefiting you?

We have a small AR department. With Paystand posting payments directly to the customer accounts and batching the payments together makes reconciliation easier. Review collected by and hosted on G2.com.

CL
Mid-Market(51-1000 emp.)
Validated Reviewer
Verified Current User
Review source: Organic
What do you like best about Paystand?

We've been using Paystand for over six months now and it's completely changed our collection habits. Our payments have been made faster, simpler, and more secure. Features such as auto-reconciliation and auto-matching have saved us a ton of time. On top of this, our customer success manager is always eager to help and responds in a timely manner. We can't recommend Paystand enough! Review collected by and hosted on G2.com.

What do you dislike about Paystand?

No downsides at the moment. Any issues we've had have been resolved quickly. Review collected by and hosted on G2.com.

What problems is Paystand solving and how is that benefiting you?

Paystand has drastically increased our collections efforts while also making it extremely easy to receive payments. We don't need to devote as much man-power to collections now. Review collected by and hosted on G2.com.

Erik P.
EP
Mid-Market(51-1000 emp.)
Validated Reviewer
Verified Current User
Review source: Organic
What do you like best about Paystand?

Paystand has allowed our customers a simple platform to pay their invoices with multiple methods. As a result, we have seen a decrease of checks mailed to our office. The Paystand payments are automatically applied to the customer's invoice once the funds hit our bank account, which saves us time. Review collected by and hosted on G2.com.

What do you dislike about Paystand?

We wish Paystand had a better option for our international customers to pay. Review collected by and hosted on G2.com.

What problems is Paystand solving and how is that benefiting you?

One payment link for the customer to click on to pay their invoice. This is a benefit because it is all automated, which saves time. Review collected by and hosted on G2.com.

Andrea G.
AG
VP of Operations, Medical & Healthcare
Small-Business(50 or fewer emp.)
Validated Reviewer
Review source: Organic
What do you like best about Paystand?

It helped us automate our collections process and encourage customers to adapt paperless payment methods. Review collected by and hosted on G2.com.

What do you dislike about Paystand?

There is no platform for international payments. Review collected by and hosted on G2.com.

What problems is Paystand solving and how is that benefiting you?

Collections

DSO

Manual labor reduction Review collected by and hosted on G2.com.

Rich D.
RD
Mid-Market(51-1000 emp.)
Validated Reviewer
Verified Current User
Review source: Organic
What do you like best about Paystand?

We really liked the promise of the fully integrated Netsuite posting for payments, customer deposits, and deposit transactions. And we really liked the use of NetSuite email templates and communications. Review collected by and hosted on G2.com.

What do you dislike about Paystand?

It took a year for implementation to work. We're unable to refund customers. Promised transaction posting is very unreliable. Slow responses from support team. Very, very slow to fix problems and implement new solutions. Review collected by and hosted on G2.com.

Recommendations to others considering Paystand:

We highly recommend looking elsewhere for A/R automation solutions. Review collected by and hosted on G2.com.

What problems is Paystand solving and how is that benefiting you?

We tried to solve manual A/R invoicing. It has been a constant fight to get the integration and platform to work. Review collected by and hosted on G2.com.

Abhisek K.
AK
Key User
Accounting
Small-Business(50 or fewer emp.)
Validated Reviewer
Review source: G2 invite
Incentivized Review
What do you like best about Paystand?

It is one of the best payment gateway, it provide all kinds of payments option including mobile payments and the most interesting thing is it does not charge even a single paisa to transfer money to bank Review collected by and hosted on G2.com.

What do you dislike about Paystand?

Everything was good earlier but my last payment is still at hold from 20 days, it is making me uncomfortable rest everything is good Review collected by and hosted on G2.com.

What problems is Paystand solving and how is that benefiting you?

I use it as my preferred payment solution as it provide me all types of payments option. I am happy to have such a good solution for my business Review collected by and hosted on G2.com.