At a glance
Paystand is a B2B payments platform built on the receivable: digital invoicing, a payment portal, collections and automatic cash reconciliation over its own bank-to-bank network, on a flat subscription instead of per-transaction fees. Since acquiring Teampay in April 2024 it also sells cards and spend management.
Best for
Teams whose problem is the document attached to money going out, not the speed of money coming in.
Where it's stronger
Best for
Companies whose expensive problem is getting paid: large invoices, interchange fees and slow cash.
Where it's stronger
Every comparison on this site names what the other product does better. If we couldn't think of anything, we didn't publish the page.
Side by side
These are structural differences, not plan checkboxes. Capabilities change, so check the vendor's own documentation before deciding on any single row.
Who produces the receipt
We can only describe what Paystand publishes. Ask them for the detail.
Customer payments and cash application
How customers can pay you
A flat fee instead of card interchange
Their central commercial argument, and a real one on large invoices.
Corporate cards and spending controls
Expense claims and reimbursements
Itemized receipts issued by the merchant
Accounting systems it connects to
None of this needs a big-bang cutover. Most teams run both tools for one cycle and compare capture rates before switching anyone off.
If money coming in is the costly problem, buy Paystand and stop reading here.
Connect the ledger Paystand already syncs with and map categories and tax codes once.
Give it one cycle, then count how many card transactions ended up itemized.
Moving capture changes nothing about how your customers pay you.
FAQ
What people ask us before they sign up.
Keep comparing
The products people evaluate alongside Paystand.
Worth a look if your payables team loses more time finding and coding invoices than paying them, and card receipts sit in another tool.
Read the comparisonMelio pays suppliers cheaply. Smartbills covers the invoice work that comes first: capture, matching, coding and multi-step approvals.
Read the comparisonFor Canadian businesses that need each invoice captured and its GST, HST and QST recorded line by line, as well as paid.
Read the comparisonEach product works on its own, and when you run two, the same record carries from the receipt to the ledger entry.
Accounts receivable automation that sends each invoice on time, escalates the reminders on schedule and lets customers pay from a link.
Apply incoming customer payments to the right open invoices, using remittance advice pulled from email, customer portals, EDI and bank files.
Corporate cards with receipt capture, coming soon: the itemized receipt arrives with the card transaction, and each card's limit comes from your budget.
Get started
Bring one month of your own receipts and card transactions, and we'll show you the capture rate on both sides instead of a slide deck.
