Paystand
About
Paystand is a B2B payment technology company that operates an agentic payment network built on blockchain and cloud infrastructure, offering accounts receivable automation, expense management, and international payments software. The platform uses USDb, a digital dollar built for business, to enable same-day, zero-fee transactions across its network. Founded in 2013, Paystand serves over 1 million businesses and processes more than $20 billion in payments annually.
Details
VenSearch Intelligence
Ideal Customer
- Paystand's sweet spot is mid-market B2B companies, particularly those with 50–1,000 employees, high invoice volume, and existing ERP deployments on platforms like NetSuite, Sage Intacct, or Microsoft Dynamics 365.
- The company explicitly positions itself as a leader in mid-market accounts receivable (per G2 and Capterra recognition), and its customer base includes manufacturers, wholesalers, distributors, and technology companies that process large volumes of B2B transactions and want to reduce DSO and eliminate transaction fees.
Key Differentiators
- Paystand's most distinctive competitive claim is its zero-transaction-fee model enabled by the proprietary Paystand Bank Network — replacing per-transaction fees with a flat annual subscription — which it positions as the only zero-fee, real-time B2B payment rail.
- Every transaction is cryptographically recorded on the Bitcoin blockchain via its Assurety system, providing immutable audit trails that no traditional payment processor offers.
Industries Served
- Paystand primarily serves B2B companies in the 'real economy,' with documented customer cases and dedicated industry pages spanning manufacturing, wholesale distribution, logistics and supply chain, construction, solar and renewable energy, healthcare, retail, insurance, agricultural products, legal services, medical devices, veterinary, telecommunications, and technology/software companies.
- Its AR automation, spend management, and payment network products are broadly applicable to any B2B business processing significant invoice volume, and customer case studies span companies such as Covetrus (animal health technology), Elenteny Imports (beverage distribution), and Edgewood Healthcare.
Service Coverage
- Paystand is headquartered in Santa Cruz (Scotts Valley), California, and operates nationwide across all 50 U.S. states.
- It also supports Canadian operations with localized payment capabilities including CAD EFT and cross-border support.
Partnerships
- Paystand natively integrates with Oracle NetSuite, Sage Intacct, Sage 100/300/X3, Microsoft Dynamics 365 Business Central, Acumatica, QuickBooks Online, Xero, SAP, Adobe Commerce, BigCommerce, WooCommerce, Odoo, Workday, Microsoft Dynamics GP/NAV/AX, Infor, and DocuSign, among others — totaling 36+ documented technology and channel partnerships per Partnerbase.
- It has formal reseller and implementation partnerships with firms like Beyond Cloud Consulting (NetSuite) and ERP Connect Consulting (Dynamics 365).
Company Size & Ownership
- Paystand was founded in 2013 and currently employs approximately 200–240 people across offices in Santa Cruz, CA and Guadalajara, Mexico, with a presence across four continents.
- Estimated annual revenue is in the $44M–$75M range depending on the source, reflecting significant growth from $4M in 2018.
Compliance & Certifications
- Paystand holds both PCI DSS (Payment Card Industry Data Security Standard) and SOC 2 (Security) certifications, each audited and certified by qualified third-party assessors.
- The platform also uses Fund-on-File tokenization to vault sensitive payment information in a PCI-compliant environment, and blockchain-anchored transaction records (via the Assurety system) provide independently verifiable audit trails.
Compiled from public sources by VenSearch · Last researched October 14, 2026
Offerings
34 offeringsAccounting Automation
Paystand's Accounting Automation streamlines reconciliation, policy enforcement, and month-end close processes by automating routine accounting tasks across the AR and AP workflows. It reduces the manual effort required by finance teams to close books and maintain accurate records. The solution integrates natively with major ERP platforms.
Accounts Receivable (AR) Automation
Paystand's AR platform automates the full receivables lifecycle including collections, reconciliation, billing, and reporting. It integrates natively with ERPs such as NetSuite, Sage, Microsoft Dynamics 365, and Acumatica to reduce days sales outstanding and eliminate manual AR work. Customers have reported up to 80% reduction in DSO and 98% reduction in transaction fees.
AP Automation
Paystand's Accounts Payable Automation digitizes and automates the payables workflow, from invoice receipt and approval through payment execution. It is designed to complement the AR platform and complete Paystand's vision of a full financial suite for CFOs. The AP module integrates with connected ERP systems to synchronize payables data and reduce manual processing.
AR Network Portal
The AR Network Portal is a customer-facing payment portal that connects merchants and their payers into a single shared ecosystem on the Paystand Network. Merchants use it as an AR tool to share invoices, automate reminders, and enable faster collections, while payers gain a centralized AP hub to view invoices from all Paystand-connected merchants, save payment methods, and pay in one place. Every transaction is recorded immutably on the Bitcoin blockchain for transparent, verifiable proof.
Assurety
Assurety is Paystand's built-in payment auditability system that inscribes every payment processed through the Paystand Network with an untamperable certification record anchored to the Bitcoin blockchain. It tracks, notarizes, and validates payment events in real time, giving finance teams a permanent and independently verifiable audit history. Any party can verify a historical payment state directly against the Bitcoin blockchain without relying on Paystand's internal systems.
Automatic Reconciliation
Paystand's automatic reconciliation feature automates the matching and posting of payments to invoices within connected ERP systems. It eliminates manual reconciliation steps and reduces the time finance teams spend on month-end close. The reconciliation process is backed by blockchain-verified transaction records for audit accuracy.
B2B Payments Network
Paystand's B2B Payments Network is the core payment infrastructure enabling businesses to send and receive payments via multiple rails including eCheck, ACH, Canadian EFT, Check Scan, Smart Lockbox, and the Paystand Bank Network for zero-fee transfers. The network also supports USDb, a digital dollar that moves globally in minutes. AI Match technology automates push payment reconciliation.
Billing & Receivables Automation
Paystand's Billing and Receivables Automation streamlines the end-to-end invoicing and collections workflow, from bill creation through payment receipt. It automates reminders, payment application, and reconciliation to reduce manual finance team workload. The solution integrates with major ERP platforms to keep billing and accounting data in sync.
Bitcoin Mining Initiative
Paystand operates a large-scale Bitcoin mining initiative with hundreds of machines contributing hash power to the Bitcoin network. The company mines and holds BTC as a long-term strategic reserve rather than a short-term trade. This initiative is described as an operational extension of Paystand's commitment to Bitcoin as the foundation of its financial infrastructure.
Canadian EFT
Paystand supports Canadian Electronic Funds Transfer (EFT) as a localized payment capability for businesses operating in Canada. It allows CAD-denominated payments to be processed and reconciled within Paystand's platform. This supports cross-border and domestic Canadian payment operations alongside Paystand's US-based network.
Check Scan
Paystand's Check Scan feature allows businesses to digitize incoming paper checks by scanning them for electronic processing. It converts check payments into digital transactions that can be reconciled automatically within connected ERP systems. This reduces manual handling of paper-based payments and accelerates deposit times.
Collections Agent
Paystand's Collections Agent is an AI agent that automatically notifies customer accounts about outstanding invoices at the right time in the collections cycle. It reduces the need for manual collections outreach by finance teams and helps accelerate time-to-cash. The agent integrates with the AR platform and ERP systems to trigger notifications based on account and invoice status.
Collections Automation
Paystand's collections automation uses AI agents to notify customers about outstanding invoices at the right time and automate follow-up reminders. The system reduces manual collections effort and accelerates time-to-cash by triggering outreach based on account status and payment history. It integrates with ERP platforms to keep collections data synchronized.
Convenience Fees & Incentives
Paystand's Convenience Fees and Incentives module allows merchants to configure surcharges for certain payment methods such as credit cards or offer discounts to encourage customers to use lower-cost payment rails. This helps businesses offset processing costs or shift payer behavior toward fee-free options on the Paystand Bank Network. The feature is configurable within the AR platform.
Corporate Cards
Paystand offers corporate card issuance as part of its expense management suite, allowing businesses to issue cards with configurable spending limits and real-time transaction tracking. Corporate card transactions earn Satoshis (Bitcoin) as rewards through Teampay's spend management solution. Cards integrate with ERP systems for automatic transaction coding and reconciliation.
Cross-Border Payments
Paystand's Cross-Border Payments solution enables businesses to send international payments with no wire fees and no foreign exchange surprises. It supports payouts in local currency across 190+ countries and is built with compliance embedded in each transaction. The solution leverages USDb to move funds globally in minutes.
Cross-Border Payroll
Paystand supports cross-border payroll through integration with Bitwage, enabling companies and workers to send, receive, and manage payroll in traditional currency, stablecoins, or cryptocurrency. It supports payroll payments across 190+ countries in local currency. This extends Paystand's financial infrastructure beyond enterprise AR and AP into global workforce payments.
Dashboard & Reporting
Paystand's Dashboard and Reporting tools provide finance teams with real-time visibility into cash flow, payment status, and accounts receivable health. AI-powered reporting agents deliver at-risk account alerts and cash forecasts. The dashboard integrates with connected ERP systems to consolidate financial data in one view.
eCheck and ACH
Paystand supports eCheck and ACH payment processing as part of its B2B payments network, enabling businesses to send and receive electronic bank transfers. These payment methods are available as low-cost or zero-fee alternatives to credit card processing when routed through the Paystand Bank Network. Transactions are automatically reconciled within integrated ERP platforms.
Enterprise Blockchain
Paystand's Enterprise Blockchain solution provides a blockchain-powered payment infrastructure for B2B companies that automates the AR lifecycle with smart contracts, creates tamper-proof transaction records, and delivers real-time cash flow visibility. Every payment processed through the Paystand network generates a cryptographic record anchored to the Bitcoin blockchain for independent auditability. The solution integrates with leading ERP platforms including NetSuite, Sage Intacct, Microsoft Dynamics, and Acumatica.
Payment Portal
Paystand's Payment Portal provides customers with a self-service interface to view and pay invoices online. It supports multiple payment methods including bank network transfers, eCheck, ACH, and credit cards, with zero-fee options available through the Paystand Bank Network. Merchants can share payment links and automate reminders directly from the portal.
Payments as a Service
Paystand's Payments as a Service model provides businesses with a flat-fee subscription-based payment infrastructure rather than per-transaction pricing. It digitizes and automates the entire cash lifecycle including receivables, payment processing, and reconciliation on a cloud and blockchain platform. This model is designed to eliminate transaction fees and replace them with predictable annual subscription costs.
Paystand Bank Network
The Paystand Bank Network is a proprietary payment rail that enables merchants and payers to transact with zero transaction fees, bypassing traditional card networks and their associated costs. Payments settle faster than legacy rails, and every transaction is cryptographically recorded on the Bitcoin blockchain. Businesses on the network benefit from compounding value as more merchants and payers join.
Paystand.org
Paystand.org is Paystand's philanthropic arm focused on advancing financial inclusion and real-world Bitcoin adoption through education, community partnerships, and circular economy initiatives. It operates independently from the commercial platform and aims to expand access to open financial systems for communities globally. It is distinct from Paystand's enterprise payment platform and Bitcoin mining operations.
Push Payments: AI Match
Paystand's Push Payments with AI Match uses artificial intelligence to automatically match incoming push payments to the corresponding open invoices in the AR system. This eliminates manual cash application work and reduces reconciliation errors. It integrates with connected ERP platforms to post matched payments automatically.
Recurring Payments
Paystand's Recurring Payments feature enables merchants to set up and automate scheduled payment collections from customers. It reduces manual invoicing effort for subscription or installment-based billing models. The feature integrates with ERP platforms to keep billing and accounting records synchronized.
Reporting Agent
Paystand's Reporting Agent is an AI agent that delivers at-risk account alerts and cash flow forecasts to finance teams in seconds. It automates the generation of financial reports that would otherwise require manual data gathering and analysis. The agent operates continuously and integrates with the broader Paystand AR and payments platform.
Smart Lockbox
Paystand's Smart Lockbox automates the capture and processing of incoming payments sent to a designated lockbox address. It digitizes and routes payments directly into the AR workflow, reducing manual data entry and accelerating cash application. The feature integrates with connected ERP systems for automatic reconciliation.
Spend Agent
Paystand's Spend Agent is an AI agent that enforces spending policies, chases receipts, and codes transactions automatically within Slack and Microsoft Teams. It reduces the administrative burden on employees and finance teams by automating routine expense management tasks. The agent integrates with Paystand's expense management platform and connected ERP systems.
Spend Analytics
Paystand's Spend Analytics provides finance teams with visibility into company-wide spending patterns, category breakdowns, and policy compliance across all corporate card and expense transactions. It helps identify out-of-policy spend and optimize procurement decisions. Analytics data integrates with connected ERP systems for consolidated reporting.
Spend Approvals
Paystand's Spend Approvals feature automates the review and approval of purchase orders and expense requests before payment is made. It enforces company spending policies upfront to prevent out-of-policy transactions from being processed. Approvals can be managed within Slack and Microsoft Teams integrations.
Spend Management
Paystand's Spend Management solution enables companies to enforce spending policies, manage corporate card programs, and gain visibility into employee and team expenditures across the organization. It integrates with Slack and Microsoft Teams so employees can submit and approve expenses without leaving their communication tools. The platform syncs with ERP systems including NetSuite, Sage, and Microsoft Dynamics 365.
USDb (Digital Dollar)
USDb is Paystand's proprietary digital dollar built for business, designed to move funds globally in minutes with business context and compliance embedded in every payment. It operates on the Paystand network without transaction fees and supports cross-border payments across 190+ countries. USDb serves as the monetary layer for Paystand's agentic B2B payment network.
Virtual Terminal
Paystand's Virtual Terminal allows merchants to accept and process payments manually without requiring a physical point-of-sale device. It is part of the broader AR product suite and integrates with connected ERP systems for automatic posting. It supports fee-free payment options available through the Paystand Bank Network.
Considering Paystand?
Our team will work with you to determine if Paystand is the right fit for your organization. From research and assessment through procurement negotiation and ongoing vendor management — we handle the entire process at no cost to you.