Based on blockchain-powered Ethereum smart contracts, the service enables AR teams to get paid early, without any third-party fees
SCOTTS VALLEY, Calif.--(BUSINESS WIRE)--Paystand, the leader in blockchain-enabled B2B payments, today launched the world’s first dynamic discounting application designed for seller accounts receivable (AR) teams and powered by Ethereum smart contracts. This is the first solution to enable seller AR teams to offer buyer accounts payable (AP) teams dynamic early payment discounts. Early payment discounts incentivize buyers to pay sooner and give Paystand AR teams earlier access to cash, reducing days sales outstanding (DSO). More than 400,000 buyer AP teams using the Paystand payments network can start reaping the benefits of early pay discounts and faster payment, using blockchain-powered smart contracts technology.
“Paystand’s first-of-a-kind dynamic discounting application puts the power in the hands of AR, by allowing them to initiate dynamic discount...
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