YAYPAY COMPARISON

Feature

Paystand

Yaypay

Credit Card Processing

Modern: Blended, fixed, wholesale rate across all card types. The exact fee is calculated at the time of the transaction, and is locked in by the contract.

2.39% + $0.30/txn

Subscription-based pricing model which is based off invoice volume PLUS Level-III Processing for Low Interchange Fees through 3rd-party partners Paypal & Stripe. 

2.70% - 3.2% + $0.10/txn

ACH

Direct ACH (Debit or Credit), no two drop verification of login required

ACH can be provided through 3rd-party partners.

Bank Network

Debit or Credit customer accounts with zero transaction fees ($0 + 0%) and real-time funds verification for fast time-to-cash

N/A

Fee Reconciliation

Journal entries booked to NetSuite automatically as payments occur, with no manual intervention from staff

Unknown

Fee Management

Robust, native fee management with thresholds and convenience fees.  Fees, even when surcharged, are reconciled at the time of the transaction with proper journal entries automatically updated.

No Fee Management

Payments Interface

Completely customizable to your brand, with smooth customer experience, modern UI/UX, partial payments, and real-time balance updates.

Requires custom development to brand, modern UI/UX, no real-time payments are posted, to see remaining balance you would have to access AR account.

Required 3rd-Parties

None

3rd-party accounting package and payment processors

Click-to-Pay on NetSuite Invoices

Auto-Embedded within new or existing NetSuite templates & workflows

No link on initial invoice

Cash Application

Real Time: payment records written to NetSuite instantly to auto-update balance on invoice

Payment records are written to NetSuite or Intacct on certain time intervals to update balance on invoices. This is Manual Payment Creation, Invoice Allocation.

Bank Deposit Reconciliation

Daily deposit records updated in NetSuite automatically, with no manual intervention from staff (eliminates end of month reconciliation).

None

Customer Statements

Enable your customers to view and pay multiple invoices/account balance with a few clicks, payment records automatically written to corresponding invoices.

YayPay provides the option for you to download, view, or send your Customers a Customer Statement as a PDF file. 

This is a listing of transactions such as Open Invoices, Multiple Invoices, Open Credits/Adjustments that you have on the Customer/Account.

Automated Payments

Create advanced & automated recurring billing schedules for any required configuration (monthly, quarterly, net terms, installments, usage based, etc) directly within NetSuite environment.

Enables Auto and Recurring billing and payments through Yaypay Customer Portal.Customers can be set up to be on auto payments which will automatically process the payment for all invoices based on the date you define (Invoice creation date, Invoice load date, Invoice due date).

PCI Compliance

Paystand customers absolved of need to become PCI Compliant: all PCI compliance concerns handled as part of overall product offering.

Yaypay customers must maintain their own PCI Compliance.

Overall ROI

Long term ability to control A/R costs, move to fixed rate, and continue to reduce costs with free bank network—even as revenue grows.

Stuck in legacy card processing model, where costs continue to increase as revenue increases, card networks can announce fee increases periodically. Also requires multiple 3rd-party vendors to actually automate or charge.