PayStand – Collect Payments Online

The days when professional businesses were the only ones who could accept payments via credit card are long gone. PayStand is one of many web-based applications that people can use to accept online payments through credit cards, eCheck, and even eCash (Bitcoin). However, unlike many of its competitors, PayStand has found a way to provide this service with no merchant transaction fees.

With PayStand, you can modernize your checkout system without re-coding your website. Copy and paste one of PayStand’s payment methods—product, digital, payment, or donation—into your website. You also have the option of using payment buttons, embeds, plugins, or an API. Once you’re up and running, customers can make payments from your website, without having to remember a separate login. Customers can pay with credit cards, eChecks, or eCash (Bitcoin). PayStand also offers order management features that help you track orders, respond to customer queries, and even send white labeled receipts, along with an admin dashboard and multiple social media integration features.

The way PayStand is able to operate without charging merchant transaction fees is by utilizing a payments-as-a-service model. Instead of paying 3% charges for each transaction, ecommerce businesses pay a flat rate for all of PayStand’s services. PayStand checkout pages are viewable on any device, and they are fully compliant with the latest security requirements.

Practical Uses:

• Sell your handmade crafts online
• Accept credit cards, eChecks, and Bitcoin from your customers
• Decrease the amount you spend on transaction fees each month
• Send white labeled receipts to your customers

Insider Tips:

• The responsive image loader automatically selects the correct size for each product image based on the size of the customer’s screen
• Embed PayStand on any website, Tumblr, WordPress, or Facebook page
• Add videos to an item’s listing description
• PayStand provides users with their customers’ email and shipping addresses

What we liked:

• PayStand’s pricing is all-inclusive
• Shoppers can pay for their purchases without remembering any third-party logins
• PayStand offers order management features for ecommerce businesses
• Retailers can automatically display social networking links next to each of their products

What we didn’t like:

• Nothing

Alternatives:

• Google Wallet – http://www.google.com/wallet
• PayPal – https://www.paypal.com
• Stripe – https://stripe.com

Company Info:

• Launched: April 2014
• Privately Held
• Headquarters: Santa Cruz, California
• Founded by: Scott Campbell and Jeremy Almond
• Web site: http://www.paystand.com

Costs:

• Basic plan is $49 per month
• Standard plan is $99 per month
• Professional plan is $299 per month