Full-Time

Sr – Account Executive

Posted on 10/7/2024

Paystand

Paystand

201-500 employees

Digital payment processing for B2B clients

Data & Analytics
Fintech

Compensation Overview

$73k - $82kAnnually

+ Commissions

Mid, Senior

Santa Cruz, CA, USA

All roles are on-site only.

Category
Inside Sales
Sales & Account Management
Required Skills
NetSuite
Hubspot
Salesforce
Requirements
  • Bachelor's degree in Business Administration, Marketing, Finance, or a related field preferred, but not required.
  • 3-5 years of experience in a B2B sales role, preferably within the SaaS or payments technology industry.
  • Proven track record of consistently meeting or exceeding sales targets and revenue goals.
  • Strong understanding of payments technology, including merchant services, payment processing, and financial services. Experience working with Netsuite or other ERP solutions is highly desirable and Order to Cash cycle knowledge is highly valued.
  • Exceptional communication and presentation skills, with the ability to articulate complex concepts in a clear and compelling manner.
  • Strategic thinker with a consultative sales approach and a focus on building long-term client relationships.
  • Self-motivated and results-oriented, with a demonstrated ability to thrive in a fast-paced, dynamic environment. Startup experience is a plus.
  • Proficiency with CRM software (e.g., Salesforce, Hubspot) and other sales productivity tools.
  • Ability to travel as needed for client meetings, industry events, and conferences.
Responsibilities
  • Proactively source and qualify leads through strategic outbound prospecting efforts, including cold outreach, networking, and leveraging industry connections.
  • Conduct thorough discovery calls and needs assessments to understand potential clients' pain points, business objectives, and requirements.
  • Develop and present compelling sales presentations, proposals, and demonstrations tailored to the specific needs and goals of prospective customers.
  • Collaborate closely with internal stakeholders, including Sales Development Representatives, Product Managers, and Customer Success teams, to ensure a seamless transition from prospecting to closing and implementation.
  • Negotiate contract terms, pricing, and terms of service agreements to drive successful deal closures while maximizing value for both the client and the company.
  • Maintain accurate and up-to-date records of sales activities, customer interactions, and pipeline progression in our CRM system.
  • Stay informed about industry trends, competitive offerings, and market developments to effectively position our solutions and maintain a competitive edge.
  • Meet and exceed quarterly and annual sales targets and revenue objectives.

Paystand offers a digital payment processing platform for business-to-business (B2B) clients, allowing them to accept payments online and streamline their financial operations. Instead of charging per-transaction fees, Paystand uses a Payments-as-a-Service model with a fixed monthly or annual fee, helping businesses predict costs and save money. The platform features real-time updates, analytics for cash flow forecasting, and embedded payment links in invoices to enhance customer experiences. Paystand aims to reduce costs and improve cash flow management for its clients.

Company Stage

Series C

Total Funding

$75.9M

Headquarters

Scotts Valley, California

Founded

2013

Growth & Insights
Headcount

6 month growth

11%

1 year growth

8%

2 year growth

-3%
Simplify Jobs

Simplify's Take

What believers are saying

  • Paystand's acquisition of Teampay expands its capabilities in spend management.
  • The rise of embedded finance solutions boosts Paystand's seamless payment experiences.
  • Growing blockchain adoption in supply chain finance opens new market opportunities.

What critics are saying

  • Increased competition from fintech startups may erode Paystand's market share.
  • Regulatory scrutiny on blockchain services could impact Paystand's operations.
  • Economic downturns may reduce business spending on digital payment solutions.

What makes Paystand unique

  • Paystand offers a zero-fee, blockchain-enabled B2B payment platform.
  • Their Payments-as-a-Service model provides predictable costs for high transaction volumes.
  • Integration with platforms like NetSuite and Microsoft Dynamics enhances their service offerings.

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