WEX Business Payments vs. Paystand

What we do WEX Business Payments is a modern payment management platform designed to give customers greater visibility, deeper insights, and powerful tools to simplify, streamline and automate their core payment processes. What we provide WEX simplifies payments with unlimited virtual cards, built-in controls and a single trusted platform. Businesses can replace checks with secure virtual card payments to improve working capital, earn rebates and reduce payment friction.

Paystand is a sophisticated digital payment and accounts receivable (AR) automation solution tailored specifically for business-to-business (B2B) companies. This platform is designed to facilitate seamless transactions among its extensive payment network, which includes over one million businesses actively engaging in transactions via the Paystand B2B Network. By leveraging this technology, users can efficiently accept payments, streamline their collections processes, and automate numerous manual AR tasks, ultimately leading to enhanced operational efficiency.