Paystri’s Founder and CEO, Jonathan Arst, recently joined Greg Myers for a recording of the Leaders in Payments podcast. The discussion ranged from Jonathan’s start in the payments industry to his predictions for the future of payments. Access the full recording below and read key takeaways from the interview.

 

 

Paystri’s Beginnings

Paystri is a payments technology company that I started in 2005. We have an solid foundation of working with banks and are now also focused on partnering with software companies to monetize the payments portion of their software.

What Makes Paystri Different

Paystri differentiates itself from the competition by making it incredibly easy to code to our platform. Oftentimes it’s as simple as a software company copying and pasting the code into their platform, and sometimes we’re doing back-end development to meet very specific needs. Our platform is fully customizable, from payments acceptance tools and device integrations to custom dashboards. Our goal is to make it easy for software companies to code to our platform and immediately access what they need to be successful.

We also give our partners the ability to be important, which is often lost in payments. We’ve seen some of the most successful integrated payments companies get acquired two or three times or outgrow the US market and focus on international expansion. This puts Paystri in a strong position to deliver a delightful customer experience and make sure our software partners know they’re more than just a number.

Predictions for the Future of Payments

The pandemic we’re living in has forced many businesses to rethink operations and remove friction in any way they can. I think the overall theme of the next several years will be making payments even more frictionless and contactless. Companies like Paystri that are focused on removing hurdles are well positioned to be successful as we move into the future.

Jonathan’s Advice for Someone Starting Out in Payments

Most importantly, show up and put in your hours. It’s incredible what you can accomplish when you put in 60- or 70-hour work weeks. Also, stay curious – never stop asking questions and learning. That thirst for knowledge will only help further your career.

Finally, getting a job in sales teaches you so much, from how to be a great communicator to how to overcome rejection. The job is full of good days and bad days, which forces you to become mentally strong. It’s a great introduction to the workforce and overcoming challenges.

Click here to access all Leaders in Payments podcast recordings. 

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