PayStand Reveals $1 Million in Funding and Announces Bitcoin Support

PayStand Reveals $1 Million in Funding and Announces Bitcoin Support

California-based online payment processor PayStand has launched out of private beta to provide US-based websites and mobile applications another way to accept payments such e-checks, credit cards and bitcoin. With the announcement, PayStand also revealed $1m in new investment as part of its initial seed-funding round. Founded in 2009, PayStand aims to be a multi-payment gateway that eliminates merchant transaction fees, in part by supporting digital currency acceptance. Said PayStand in its official announcement: "PayStand is the first and only payments service to easily allow bitcoin and....


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