PayStand

PayStand
Type of business Private
Type of site
 Online payment system
Founded 2013
Headquarters United States
Founder(s)
  • Jeremy Almond
  • Scott Campbell
Products Online payment, POS, Mobile payments, Bitcoin payment
Website www.paystand.com
Current status Active

PayStand is an American company based out of Scotts Valley, California, USA. They are a B2B enterprise payments processor that digitizes their customers accounts receivable processes.

History

The company was founded in 2013. They started as a general-purpose payments engine for all aspects of digital payments.[1]

In early 2014, PayStand received $1M in seed funding,[2][3] launching them out of private beta into a one-click bitcoin, payment processor.[4][5] They have received an undisclosed amount since then.

In 2015 PayStand made the decision to focus their efforts and expand on Business to Business payments.[6][7]

Features

They offer technology that integrates with commercial customers sites, enabling the payer to remit payment in any digital form – i.e. - via eCheck, ACH or credit card.[8][9][10] Their SaaS (software as a service) business model enables PayStand to offer them a blended wholesale rate for their credit card transactions that they do not profit from.

All reporting and transaction history is logged in the customers dashboard.

Awards

In 2014, Paystand received TiE50 Award for Innovative Online Payment Technology.[11][12]

Investors

  • Cervin Ventures
  • Serra Ventures
  • Technicolor Ventures
  • Streamlined Ventures
  • Central Coast Angels
  • TiE LaunchPad

References

  1. ↑ "Santa Cruz startup challenges PayPal in crowded payments market". www.bizjournals.com. Retrieved 2017-04-22.
  2. ↑ "With $1M in Funding, PayStand Launches Out of Private Beta to Provide One-Click Bitcoin, eCheck and Credit Card Payment Solution". Yahoo Finance. Retrieved 2017-04-22.
  3. ↑ "PayStand Rings Up $1M Seed Round, Launches Payment Service". Wall Street Journal. 2014-04-02. ISSN 0099-9660. Retrieved 2017-04-22.
  4. ↑ Shieber, Jonathan. "PayStand Launches Online Payment Service For Bitcoin, Credit Cards And E-Checks". TechCrunch. Retrieved 2017-04-22.
  5. ↑ Fitchard, Kevin (2014-04-02). "PayStand takes on PayPal with a new e-commerce service that accepts bitcoin". gigaom.com. Retrieved 2017-04-22.
  6. ↑ "PayStand Launches First Mobile POS App for Credit Card, Check and Bitcoin Payments, Lowering Rates for Merchants". maketwired.com.
  7. ↑ "PayStand Offers First Bitcoin mPOS". Bank Innovation. 2015-03-26. Retrieved 2017-04-22.
  8. ↑ Shieber, Jonathan. "PayStand Launches Online Payment Service For Bitcoin, Credit Cards And E-Checks". TechCrunch. Retrieved 2017-04-23.
  9. ↑ "Forbes Finance Council Member Company PayStand Introduces New Blockchain Technology, Payment Certification | Forbes Councils". Forbes Councils. 2016-12-05. Retrieved 2017-04-23.
  10. ↑ III, Ephraim Batambuze (2016-03-02). "PayStand partners with ONE UP to offer easy online payments service to mobile business suite". PC Tech Magazine. Retrieved 2017-04-23.
  11. ↑ "Welcome to TiE50 Awards". www.tie50.net. Retrieved 2017-04-23.
  12. ↑ "PayStand Receives TiE50 Award for Innovative Online Payment Technology". marketwired.com.
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