Paystand is a digital payment processing platform that primarily serves business-to-business (B2B) clients. The company operates in the financial technology (fintech) market, providing a solution that enables businesses to accept payments digitally, thereby enhancing customer experiences and streamlining financial operations.

Paystand's business model is based on a Payments-as-a-Service approach. This means that instead of charging per-transaction fees, which is the traditional model in the payment processing industry, Paystand offers its services for a fixed monthly or annual fee. This model allows businesses to predict their costs more accurately and potentially save money, especially if they process a high volume of transactions.

The company's platform offers several features that add value for its clients. These include real-time updates and analytics, which can help businesses forecast and budget their cash flow more effectively. The platform also includes embedded payment links in invoices, making it easier for customers to pay and reducing confusion at the critical moment of payment.

Paystand's clients have reported significant benefits from using the platform. For example, Motorola reduced its costs by 16%, while Thumbtack reduced its Days Sales Outstanding (DSO) - the average number of days that a company takes to collect revenue after a sale has been made - by 40%.

In summary, Paystand offers a digital payment processing solution that can help businesses reduce costs, improve cash flow forecasting, and enhance customer experiences.

Keywords: Digital Payment Processing, B2B, Fintech, Payments-as-a-Service, Cost Reduction, Cash Flow Forecasting, Customer Experience, Real-Time Updates, Analytics, Embedded Payment Links.