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What is Paystand?

Eliminate transaction fees for good and experience quicker, more efficient payments at a lower cost. B2B payments are more than just transactions; Paystand enables you to digitize your receivables and transition your manual financial tasks to the cloud. By implementing this system, your Days Sales Outstanding (DSO) can decrease by as much as 60%, while your time-to-cash can see an increase of up to 60%. With real-time fund verification, you can effectively reduce instances of fraud and chargebacks. Providing seamless and straightforward B2B payment options enhances the overall customer experience, making it more modern and suitable for today’s digital landscape. Our innovative B2B Payments-as-a-Service model revolutionizes revenue operations, enabling your teams to focus on impactful projects while allowing you to access cash and working capital more swiftly, ultimately fostering growth with assurance. Additionally, you stand to save more than 50% on receivables and can offer your customers zero-fee payment choices. By opting for flat-rate plans, you can significantly cut costs and bolster your profit margins in the process. This comprehensive approach ensures that your payment systems are not only efficient but also tailored to meet the evolving needs of your business.

What is Fero?

Fero is dedicated to developing customized checkout and payment solutions that cater to the distinct preferences of every individual customer. By recognizing the uniqueness of each shopper and tailoring their checkout experience to match, Fero significantly improves customer satisfaction, which in turn boosts conversion rates. In a groundbreaking move within the payment industry, Fero has unveiled an advanced fraud detection system that utilizes varying levels of friction based on the evaluated risk of fraud, moving away from the traditional binary model. This cutting-edge approach not only reduces the incidence of fraudulent activities but also completely removes false positives, providing a seamless experience for authentic customers. Additionally, Fero's sophisticated AI capabilities empower its clients to make strategic decisions regarding which transactions can benefit from premium payment options and which should adopt more economical choices. As a result, this adaptive strategy not only reduces payment processing costs but also positively influences overall conversion outcomes. Ultimately, Fero’s innovative model promotes a more effective and customer-focused payment environment, setting a new standard in the industry. This commitment to personalization and efficiency positions Fero as a leader in enhancing the payment experience for businesses and consumers alike.

Media

Media

Integrations Supported

Magento
NetSuite
Sage Intacct
WooCommerce
WordPress
Xero

Integrations Supported

Magento
NetSuite
Sage Intacct
WooCommerce
WordPress
Xero

API Availability

Has API

API Availability

Has API

Pricing Information

Pricing not provided.
Free Trial Offered?
Free Version

Pricing Information

Pricing not provided.
Free Trial Offered?
Free Version

Supported Platforms

SaaS
Android
iPhone
iPad
Windows
Mac
On-Prem
Chromebook
Linux

Supported Platforms

SaaS
Android
iPhone
iPad
Windows
Mac
On-Prem
Chromebook
Linux

Customer Service / Support

Standard Support
24 Hour Support
Web-Based Support

Customer Service / Support

Standard Support
24 Hour Support
Web-Based Support

Training Options

Documentation Hub
Webinars
Online Training
On-Site Training

Training Options

Documentation Hub
Webinars
Online Training
On-Site Training

Company Facts

Organization Name

Paystand

Date Founded

2013

Company Location

United States

Company Website

www.paystand.com

Company Facts

Organization Name

Fero

Company Location

Netherlands

Company Website

fero.com

Categories and Features

Accounts Receivable

ACH Payment Processing
Billing & Invoicing
Check Processing
Collections Management
Online Payment Processing
Overpayment Processing
Partial Payments
Receivables Ledger
Recurring Billing

Billing and Invoicing

Billing Portal
Contact Database
Contingency Billing
Customer Portal
Customizable Invoices
Dunning Management
Hourly Billing
Invoice History
Mobile Payments
Multi-Currency
Online Invoicing
Online Payments
Payment Processing
Project Billing
Recurring/Subscription Billing
Service Ticket Billing
Tax Calculator

Payment Processing

ACH Check Transactions
Bitcoin Compatible
Debit Card Support
Gift Card Management
Mobile Payments
Online Payments
POS Transactions
Receipt Printing
Recurring Billing
Signature Capture

Categories and Features

Payment Processing

ACH Check Transactions
Bitcoin Compatible
Debit Card Support
Gift Card Management
Mobile Payments
Online Payments
POS Transactions
Receipt Printing
Recurring Billing
Signature Capture

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