PayStand Releases All-in-One API Bitcoin, Other Forms of Payment

Jayanand Sagar | October 2, 2014 | 12:09 pm

PayStand Releases All-in-One API Bitcoin, Other Forms of Payment

Jayanand Sagar | October 2, 2014 | 12:09 pm

Payment services company PayStand has released their API described as an all-in-one payment and checkout process for bitcoin, e-check, and credit cards. The announcement was made yesterday at the FinDEVR Conference in San Francisco, California.

PayStand says it’s the first of its kind (though we can’t confirm that) and they say “Developers can create desktop and mobile checkout experiences that retain the simple one-click checkout experience, but offer ever-increasing payment options to the end user.”

It will be up to those developers to create new and interesting software, but the API will certainly give them a leg up.

“The PayStand API is providing developers the opportunity to build any type of payment experience on top of the PayStand solution, so they can be innovative and creative in their approach to payments, taking advantage of Bitcoin, eCheck and credit card options. Developers are also happy to take advantage of the lowest rates offered through the payment API, given the nature of our unique Payments as a Service and wholesale rates business model,” says Jeremy Almond, CEO of PayStand.

PayStand says they’ve got a few prototype customers who are able to make use of the following (quoted):

  • Mobile SDK – reduce payment friction in iOS apps with a full Objective C SDK to seamlessly move money in-app and enable what’s next in mobile commerce.
  • Javascript Checkout, Buttons, Embeds – Easy to use drag and drop code enables developers to build customized checkout experience in just a few minutes with a few lines of code.
  • Tokenization – take payments with credit cards and other sensitive data while reducing PCI compliance responsibilities.
  • RESTFUL APIs – built on modern standards-based technologies such as REST, OAuth, and JSON. Have full access to the enterprise grade back-office endpoints PayStand is built on.

PayStand received $1 million in funding earlier this year. For more information on the company’s offerings, click here.




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