Blog

Paystree supports Ukraine and condemns the ongoing war.

We are supporting the children of Ukraine during the festive season by sending the gifts.

How to send money using an IBAN?

Do you send money to friends and family overseas? Or maybe you work with foreign clients and often receive payments from abroad? If so, you’ve probably heard the term IBAN. Yet, if you are not familiar with their meaning, read on to learn more.

We have automated the onboarding procedure

Opening an account at PaysTree is now ever quicker and more convenient. We have automated the process of opening an account for individuals. You can register, submit documents and open a personal account in just a couple of minutes. This improvement was achieved thanks to our partnership with Veriff.

How to open an account with PaysTree?

A few decades ago, opening a bank account involved traveling to the bank and endless printed forms to read and sign. We used to wait in a queue for hours dealing with paperwork. Fortunately, with the rise of financial technology, trips to bank branches are a thing of the past. Nowadays, you do not even need to sign an agreement with a bank to open an account and manage your personal and business finances. Opening a PaysTree account is processed completely online, saves tons of paperwork and time...

Why businesses need diverse payment options

The payments landscape is changing at a rapid rate, and it’s very important for merchants to adjust to local purchasing preferences if they seek to meet the changing needs of their domestic consumers or conduct business in different markets. While alternative payments aren’t a new feature, they’ve gained momentum over the past few years as more consumers turn to online shopping and expect to see their preferred payment method. Let’s begin with a simple question: what are alternative payment meth...

3D Secure 2.0: What does it mean?

When it comes to making a digital purchase, verifying the transaction and the identity of the consumer becomes increasingly important and challenging. Helping issuers and merchants distinguish good transactions from bad will mitigate fraud, while allowing transactions to continue to happen at lightning speed. 3-D Secure 2.0 is an important advancement in this effort that will help prevent fraud and accelerate digital commerce with fast, secure authentication. Keep reading to learn more about 3D...

Contactless payments: advantages and disadvantages

Nowadays it is difficult to surprise someone by paying with a card without touching the terminal or by paying with a phone, watch or bracelets. Technological progress moves forwards, and the payments industry offers new ways to pay for goods and services. Contactless payment methods allow you to pay by a card or a mobile device without touching the POS terminal. This way of payment takes place in a few seconds and secures your card details. However, are there any disadvantages in making contactl...