PayStand

PayStand’s mission is to revolutionize B2B payments by leveraging modern Internet, blockchain, and SaaS technologies to create a more open financial system. The company’s Payments-as-a-Service model aims to automate the entire cash cycle, allowing businesses to scale their receivables without scaling their staff, and to integrate their B2B payments with critical business tools like ERP, eCommerce, CRM, and accounting systems. PayStand’s innovative approach has been recognized as one of the top B2B payment platforms, and its platform has been praised by numerous clients for its ease of use, real-time updates, and significant cost savings.

How to reduce the cost of a PayStand subscription

 i – Tricks are what we like to call direct ways to reduce your subscription costs.

• We haven’t found any current tricks to reduce your subscription  

Additional reduction ways to try to reduce subscription costs:

Optimize User Licenses 

Audit user licenses and remove inactive users. Consider permission sets to grant specific functionalities instead of assigning full licenses for basic needs.

Data Storage Management

Archive old data. Utilize data validation rules to prevent unnecessary data entry that consumes storage

Process Automation: Utilize workflow and approval processes to automate manual tasks, reducing the need for additional licenses.

How to implement a Workaround to reduce subscription for PayStand

 i – A workaround is using another tool to reduce your subscription.

• We haven’t found any current workarounds to reduce your subscription  

Additional workarounds to try to reduce subscription costs:

Integrations with Free/Freemium Tools

Explore free or freemium tools like Zapier to automate tasks that might require additional licenses (e.g., basic data cleansing). Consider integrating with freemium tools like Slack for internal team usage

How to reduce PayStand via bundling

 i – Use one tool to get a discount on another tool.

• We haven’t found any current bundles to reduce your subscription

Additional bundling options to try to reduce subscription costs:

Pairing/Bundling for Discounts

Partner Programs: Check if your company qualifies for partner discounts through partnerships with other software providers (e.g., some cloud storage services offer discounts with Salesforce).

Negotiate with Support. Customer support details of PayStand

 i – Speak with the PayStand support team and ask for a discount.

https://www.paystand.com/contact

Discuss Usage Patterns: Contact support and discuss your current usage patterns. They might offer discounts based on your specific needs and historical data.

Negotiate Renewal Rates: Before your subscription renews, negotiate renewal rates with support. Loyalty and commitment to the platform can sometimes lead to better pricing.

Use this for help: Customer support list or google

How to switch to subscription type for PayStand

 i – Switching to a longer-term contract or changing subscription type is a good way to save.

• We haven’t found any current subscription types to reduce your subscription

Annual Subscriptions

Switching to annual subscriptions often comes with a discount compared to monthly billing.

Reduce Inactive Users

Regularly review user activity and remove inactive user licenses to free up costs.

Switch to Alternative for PayStand

 i – Here is a list of similar products that are similar you can switch to for savings.

• Stripe: Stripe is a payment processing platform that offers a suite of APIs for businesses to accept online payments and manage their billing needs. It provides solutions for subscription billing, invoicing, and recurring payments, leveraging modern technology to streamline B2B payments.Website: Stripe
• Braintree (by PayPal): Braintree is a payment processing platform that enables businesses to accept online payments via credit card, PayPal, and other payment methods. It offers solutions for subscription billing, recurring payments, and mobile payments, catering to the needs of B2B transactions.Website: Braintree
• Adyen: Adyen is a global payment platform that provides businesses with solutions for accepting payments across channels and geographies. It offers services for subscription billing, recurring payments, and B2B transactions, leveraging advanced technology to optimize payment processes.Website: Adyen
• Authorize.Net: Authorize.Net is a payment gateway provider that enables businesses to accept online payments securely. It offers solutions for subscription billing, invoicing, and recurring payments, catering to the needs of B2B transactions with its robust platform.Website: Authorize.Net

Open-Source Solutions: Depending on your needs, explore open-source solutions that might offer similar functionalities at a lower cost. When searching try “Opensource for x” to find applicable tools.