Paystand Reviews for 2025

What is Paystand?

Paystand is a B2B payment platform that helps companies automate their accounts receivable processes using a blockchain-enabled infrastructure. Designed to eliminate transaction fees and speed up time-to-cash, Paystand offers businesses a modern alternative to traditional banking rails. It supports multiple payment methods including ACH, eCheck, Canadian EFT, card payments, and direct bank transfers through its proprietary Paystand Bank Network.

The platform includes a self-service billing and payment portal that enables customers to make payments directly and securely. Automation features cover invoicing, collections, and reconciliation, reducing manual tasks and increasing visibility into cash flow. Additional tools like Smart Lockbox and Smart Check allow businesses to digitize and streamline the handling of paper-based payments.

Paystand also provides robust reporting, customizable dashboards, and integration with accounting systems to simplify finance operations. For enterprises, it supports direct deposit, incentive-based payment options, and spend management in partnership with Teampay. All transactions occur within a secure, blockchain-backed environment that prioritizes data integrity and cost savings.