Merrco Payments
- Company typePrivate
- Founded2016
- HeadquartersToronto, Canada
- Headcount11–50
- GTM typeB2B
- OfferingSoftware
Merrco Payments firmographics
Firmographics- Name
- Merrco Payments
- Legal name
- Merrco Payments Inc.
- Website
- https://merrco.ca
- Company type
- Private
- Founded year
- 2016
- Operating status
- Operating
- Headcount range
- 11–50 employees
- Ownership category
- akta.pro rank
Merrco Payments industry classification
Industry- Product category
- Cannabis Payment Processing
- NAICS
- Financial Transactions Processing, Reserve, and Clearinghouse Activities (522320)
- SIC
- Finance Services (6199)
- akta.pro primary industry
- Merchant Acquiring & Card Processing (PSPs) (CRAFALAB)
- akta.pro secondary industries
- Merchant Payment Gateways (API/Hosted Checkout) (FSAMACAA), Marketplace / Platform Acquiring (PayFac & Sub-Merchant Management) (FSAMABAF)
Keywords
Where Merrco Payments is headquartered
LocationHeadquarters
- HQ city
- Toronto
- HQ country
- Canada
- HQ region
- North America
Offices1 record
Markets served
Merrco Payments business model
Business model- GTM type
- B2B
- Offering type
- Software
- Cost components
- Personnel, Technology or R&D, Operations, Marketing or Sales, Infrastructure
Revenue model
- Payment Processing Fees: Transaction-based fees for payment processing services including in-person card terminals and online ecommerce payments for cannabis and regulated businesses
- Partner/Reseller Revenue: Revenue from payment resellers in the CBD and cannabis ancillary sectors who resell Merrco's payment processing services
Go-to-market motion2 records
Distribution channels3 records
Marketing channels4 records
Merrco Payments product offering
Product offeringCore offering
Merrco Payments provides secure, compliant payment processing solutions specifically built for cannabis, CBD, and other regulated businesses in Canada. Its unified PayHQ platform delivers in-person card terminal processing, ecommerce payment acceptance, a proprietary Barnet point-of-sale system, and merchant financing — all engineered for sectors where mainstream payment processors typically decline service due to federal restrictions on cannabis commerce.
Product overview
Merrco Payments offers a unified omnichannel payment platform specifically designed for cannabis, CBD, and regulated businesses in Canada. The core offering consists of In-Person Payments (terminal-based card processing), Ecommerce (online payment acceptance), and PayHQ Platform (centralized payment management). These are supplemented by Barnet POS (proprietary point-of-sale system), Merchant Financing (capital access for cannabis businesses), and Omnichannel Solutions (integrated in-person and online experience). The portfolio serves multiple regulated industries including cannabis, CBD, cannabis ancillary, liquor, vape, retail, and telco.
Differentiator
Problem solved
Functional benefit
Products and services
- In-Person Payments
Companies that use Merrco Payments
Customer profileSegments7 records
Ideal customer profiles4 records
Merrco Payments technology and API
TechnologyTechnology focussed Yes
API detail
- Has API
- Yes
- API docs
- API detail
Core technology
AI maturity
App detail
Integration12 records
Feature5 records
Merrco Payments partnerships and signals
Strategic signalPartnerships
Five partnerships are on record, tiered core.
- DutchiecoreIntegration partnership with Dutchie, a major cannabis ecommerce platform, enabling seamless payment processing for Dutchie-powered online cannabis orders
- Jane (iHeartJane)coreIntegration with Jane platform for cannabis retail point of sale and ecommerce payment processing
- CovacoreIntegration with Cova cannabis POS software for in-store payment processing
- WeedmapscoreIntegration with Weedmaps platform for cannabis retail payments and order processing
- LeaflycoreIntegration with Leafly cannabis platform for payment processing capabilities
Scale indicators2 records
Recent moves6 records
Expansion highlights6 records
Merrco Payments competitors and assessment
Company assessmentDirect peers
- POSaBit: Cannabis point-of-sale and digital payments provider. Overlaps with Merrco on in-store processing and online ordering rails, and shares the same niche vertical focus.
- Hypur: Cannabis-focused payments, compliance, and KYC/AML platform for dispensaries and ancillary businesses. Competes head-to-head with Merrco in regulated payments plus merchant underwriting, a feature Merrco also leans on.
- CanPay: US-based debit-based cannabis payment processor serving dispensaries. Closest direct peer to Merrco — both are specialist PSPs dedicated exclusively to serving cannabis merchants that mainstream acquirers decline.
- Treez: Enterprise cannabis retail platform combining POS, ecommerce, and integrated payments. Comparable to Merrco's Barnet POS + ecommerce + PayHQ omnichannel stack for multi-state operators.
- Flowhub: Cannabis retail management platform with built-in payment processing. Competes with Merrco in the integrated cannabis POS + payments space used by dispensaries.
- Kush Payments: Cannabis merchant services and high-risk payment specialist. Direct overlap with Merrco's core value proposition of providing banking/acceptance solutions that mainstream processors refuse.
- Dama Financial: Cannabis banking and fintech platform providing payment processing, cash management, and lending to cannabis operators. Closely comparable to Merrco's combined payments + merchant financing offering.
- Safe Harbor Financial: Cannabis-focused financial services and banking-as-a-service provider. Comparable in its mission of serving cannabis merchants with compliant payments and capital solutions.
Others
- Dutchie: Leading cannabis ecommerce and POS platform. While a core integration partner of Merrco, Dutchie is increasingly offering integrated payments adjacent to Merrco's, making it both a partner and an emerging competitive threat.
Broad incumbents
- Stripe: Global generalist PSP. Currently does not serve US cannabis merchants, but as the largest digital payments incumbent, any policy change that opens cannabis acceptance would be the primary threat to specialist processors like Merrco.
Market position
Strengths5 records
Weaknesses5 records
Competitive moat5 records
Key risks6 records
Key highlights6 records
Customer concentration
Merrco Payments social profiles
Digital presenceMerrco Payments financial estimates
Financial estimateRevenue estimate
Valuation estimate
Merrco Payments leadership team
Management profileNumber of profiles
Profiles2 records
Merrco Payments funding detail
Funding detailFunding overview
Funding rounds1 record
Investors1 record
Funding detail is available on the Subscription and Enterprise plan.Contact sales →
Merrco Payments M&A and investment
M&A and investmentM&A1 record
Investments
M&A and investment is available on the Subscription and Enterprise plan.Contact sales →
Frequently asked questions about Merrco Payments
What does Merrco Payments do?
Merrco Payments provides secure, compliant payment processing solutions specifically built for cannabis, CBD, and other regulated businesses in Canada. Its unified PayHQ platform delivers in-person card terminal processing, ecommerce payment acceptance, a proprietary Barnet point-of-sale system, and merchant financing — all engineered for sectors where mainstream payment processors typically decline service due to federal restrictions on cannabis commerce.
Is Merrco Payments a public or private company?
Merrco Payments is a private company. It is classified as venture growth investor backed and is currently operating.
When was Merrco Payments founded?
Merrco Payments was founded in 2016. It employs 11 to 50 people.
Where is Merrco Payments based?
Merrco Payments is headquartered in Toronto, Canada, in the North America region.
How does Merrco Payments make money?
Two revenue lines are on record. Payment Processing Fees are the primary driver. The others are partner/Reseller Revenue.
Who are Merrco Payments's main competitors?
Direct peers on record are POSaBit, Hypur, CanPay, Treez, Flowhub, Kush Payments, Dama Financial and Safe Harbor Financial. Dutchie is listed as an others. Stripe is listed as a broad incumbent.
Does Merrco Payments have an API?
Yes. Merrco Payments offers a Developer Guide accessible at developer.merrco.com, indicating the availability of an API for developers to integrate payment processing capabilities. Developer documentation is at developer.merrco.com.
What industry is Merrco Payments in?
Merrco Payments's product category is Cannabis Payment Processing. Its primary akta.pro industry code is CRAFALAB, Merchant Acquiring & Card Processing (PSPs), with a secondary code of FSAMACAA, Merchant Payment Gateways (API/Hosted Checkout). Its NAICS code is 522320 and its SIC code is 6199.