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Full-Time

Account Executive Jr

Posted on 6/5/2024

Paystand

Paystand

51-200 employees

Digital payment processing for B2B clients

Data & Analytics
Consulting
Hardware
Consumer Software
Fintech
Crypto & Web3
Financial Services

Junior

Austin, TX, USA

Category
Inside Sales
Sales & Account Management
Required Skills
Sales
Communications
Hubspot
Salesforce
Marketing
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. ERP 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 simplify the payment process. Paystand's goal is to reduce costs and enhance customer experiences for its clients.

Company Stage

Series C

Total Funding

$80.8M

Headquarters

Scotts Valley, California

Founded

2013

Growth & Insights
Headcount

6 month growth

3%

1 year growth

0%

2 year growth

-1%
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Simplify's Take

What believers are saying

  • The acquisition of Teampay and partnerships with major ERP systems like Microsoft Dynamics 365 position Paystand for significant growth and market penetration.
  • Paystand's blockchain-enabled platform and zero-fee model can lead to substantial cost savings and operational efficiencies for businesses.
  • The company's rapid expansion, now serving over 1 million businesses and processing over $10 billion in transactions, indicates strong market acceptance and scalability.

What critics are saying

  • The fintech market is highly competitive, with numerous players offering similar digital payment solutions, which could pressure Paystand to continuously innovate.
  • Integrating Teampay and other acquisitions may present challenges in unifying technologies and corporate cultures, potentially slowing down progress.

What makes Paystand unique

  • Paystand's Payments-as-a-Service model eliminates per-transaction fees, offering predictable costs and potential savings for high-volume transaction businesses, unlike traditional payment processors.
  • The integration of blockchain technology in Paystand's platform enhances security and transparency, setting it apart from conventional B2B payment solutions.
  • Paystand's recent acquisition of Teampay expands its capabilities in spend management, creating a more comprehensive financial operations platform.
INACTIVE