Preferred Payments
ECRYPT Inc. (formed from the 2025 merger of Preferred Payments and BankCard USA) is a PCI Level 1 certified B2B payment processor offering cloud-based payment processing, dynamic checkout, cloud EMV terminals, and a developer API to SMB merchants and ISV partners across North America.
- Company typePrivate
- Founded2025
- HeadquartersWestlake Village, United States
- Headcount11–50
- GTM typeB2B
- OfferingSoftware
What Preferred Payments does
Preferred Payments, now operating as ECRYPT Inc. following its September 30, 2025 merger with BankCard USA Merchant Services, is a B2B payment technology company headquartered in Agoura Hills, California. The company provides an integrated payment ecosystem for merchants and Independent Software Vendors (ISVs), combining payment processing (Seamless Pay), customizable checkout (Dynamic Checkout), cloud-based EMV terminals (Cloud EMV), and a developer-facing public API. Its technology stack centers on cloud-based payment processing infrastructure with tokenization, P2PE (point-to-point encryption) for in-person transactions, and PCI Level 1 compliance, with cloud-managed terminals designed to eliminate legacy workstation dependencies for multi-location merchants.
The business model is primarily transaction-based: ECRYPT earns percentage-based and per-transaction fees on card-not-present and card-present payments processed through its platform, with potential subscription or usage-based components for premium API tiers offered to ISV partners. The company operates as a registered ISO/MSP (Independent Sales Organization / Member Service Provider) across six banking and processing partners — Elavon, Fifth Third Bank, Citizens Bank, Westamerica Bank, Esquire Bank, and Moneris Canada — which provides the underlying acquiring infrastructure and enables cross-border Canadian processing.
Go-to-market combines direct enterprise sales with dedicated account managers for B2B customers, an ISV channel partner program for software vendors embedding payments into their platforms, and a self-service developer portal with API documentation and test-account signup. The customer base is horizontal, spanning online, in-person, and multi-channel merchants of varying sizes, with the ISV channel serving as a distribution and embedded-payments monetization layer. Headcount post-merger sits at 11–50 employees; the company is privately held with no disclosed funding rounds or institutional investors.
Preferred Payments firmographics
Firmographics- Name
- Preferred Payments
- Legal name
- ECRYPT INC.
- Website
- https://preferredpayments.com
- Company type
- Private
- Founded year
- 2025
- Operating status
- Operating
- Headcount range
- 11–50 employees
- Short description
- ECRYPT Inc. (formed from the 2025 merger of Preferred Payments and BankCard USA) is a PCI Level 1 certified B2B payment processor offering cloud-based payment processing, dynamic checkout, cloud EMV terminals, and a developer API to SMB merchants and ISV partners across North America.
- Ownership category
- akta.pro rank
Preferred Payments industry classification
Industry- Product category
- Payment Processing Software
- NAICS
- Financial Transactions Processing, Reserve, and Clearinghouse Activities (52232)
- akta.pro primary industry
- Embedded Payments (Pay-ins, Pay-outs, Wallets) (FSAGALAB)
- akta.pro secondary industries
- EMV Chip, Magstripe & PIN Debit Acceptance (FSAMADAG), Recurring Billing, Subscriptions & Tokenized Payments (CRAFALAH), SME & Business Cross-Border Payments (B2B) (FSAMAIAB)
Keywords
Where Preferred Payments is headquartered
LocationHeadquarters
- HQ city
- Westlake Village
- HQ country
- United States
- HQ region
- North America
Offices1 record
Markets served
Preferred Payments business model
Business model- GTM type
- B2B
- Offering type
- Software
- Cost components
- Technology or R&D, Personnel, Operations, Marketing or Sales, Infrastructure
Revenue model
- Payment Processing Services: Transaction-based fees for processing credit card payments across card-not-present (online), card-present (in-person), and multi-channel environments. Revenue generated through percentage-based transaction fees and potentially per-transaction fees.
- API and Integration Services: Developer API access and integration services for ISV partners and merchants building custom payment solutions. May include subscription components for premium API tiers or usage-based components.
Go-to-market motion2 records
Distribution channels3 records
Marketing channels4 records
Preferred Payments product offering
Product offeringCore offering
Preferred Payments (now operating as ECRYPT INC.) provides an integrated B2B payment technology platform enabling merchants to accept credit card payments online, in-person, and across multi-channel environments. The offering includes Payment Processing (Seamless Pay), Dynamic Checkout for branded checkout/invoicing/subscription management, Cloud EMV for cloud-based P2PE in-person payments, and a developer API for ISV partners to embed and monetize payment capabilities.
Product overview
ECRYPT (formerly Preferred Payments following its merger with BankCard USA Merchant Services) operates as a unified B2B payment technology platform offering an integrated payment ecosystem. The core product portfolio consists of Payment Processing (Seamless Pay) for managing multi-channel transactions, Dynamic Checkout for customizable checkout and subscription management, Cloud EMV for cloud-based in-person payments, and the ECRYPT API for developer integration. These products work together as a cohesive payment ecosystem delivering ease-of-use, scalability, and revenue optimization capabilities for merchants and ISV partners.
Differentiator
Problem solved
Functional benefit
Products and services
- Payment Processing (Seamless Pay)
Companies that use Preferred Payments
Customer profileSegments1 record
Ideal customer profiles2 records
Preferred Payments technology and API
TechnologyTechnology focussed Yes
API detail
- Has API
- Yes
- API docs
- API detail
Core technology
AI maturity
App detail
Feature6 records
Preferred Payments partnerships and signals
Strategic signalPartnerships
Seven partnerships are on record, tiered core.
- Elavon, Inc.coreECRYPT INC. is a registered ISO/MSP (Independent Sales Organization/Member Service Provider) of Elavon, Inc. Georgia, enabling payment processing services through this banking partnership.
- Fifth Third BankcoreECRYPT INC. is a registered ISO/MSP of Fifth Third Bank, Cincinnati, OH, providing payment processing infrastructure through this banking relationship.
- Citizens Bank, N.A.coreECRYPT INC. is a registered Independent Sales Organization of Citizens Bank, N.A., Providence, RI, enabling payment processing capabilities.
- Westamerica BankcoreECRYPT INC. is a registered ISO/MSP of Westamerica Bank, Santa Rosa, CA, providing payment processing infrastructure.
- Esquire Bank, N.A.coreECRYPT INC. is a registered ISO/MSP of Esquire Bank, N.A., Jericho, NY, enabling payment processing services.
- Moneris CanadacoreECRYPT INC. is a registered ISO/MSP of Moneris Canada, providing cross-border payment processing capabilities for Canadian transactions.
- ISV Partners (Developers, Platforms, Marketplaces)coreStrategic partnership program for Independent Software Vendors, platforms, and marketplaces to integrate and monetize embedded payments. Partners receive API access, onboarding support, PCI scope management, and dedicated customer support.
Scale indicators1 record
Recent moves5 records
Expansion highlights5 records
Preferred Payments competitors and assessment
Company assessmentMarket position
Strengths5 records
Weaknesses5 records
Competitive moat4 records
Key risks1 record
Key highlights6 records
Customer concentration
Preferred Payments social profiles
Digital presencePreferred Payments compliance and trust
Trust signalCompliance1 record
Preferred Payments financial estimates
Financial estimateRevenue estimate
Valuation estimate
Preferred Payments leadership team
Management profileNumber of profiles
Profiles1 record
Preferred Payments funding detail
Funding detailFunding overview
Funding rounds
Investors
Funding detail is available on the Subscription and Enterprise plan.Contact sales →
Preferred Payments M&A and investment
M&A and investmentM&A
Investments
M&A and investment is available on the Subscription and Enterprise plan.Contact sales →
Frequently asked questions about Preferred Payments
What does Preferred Payments do?
Preferred Payments (now operating as ECRYPT INC.) provides an integrated B2B payment technology platform enabling merchants to accept credit card payments online, in-person, and across multi-channel environments. The offering includes Payment Processing (Seamless Pay), Dynamic Checkout for branded checkout/invoicing/subscription management, Cloud EMV for cloud-based P2PE in-person payments, and a developer API for ISV partners to embed and monetize payment capabilities.
Is Preferred Payments a public or private company?
Preferred Payments is a private company. It is classified as founder individual operated bootstrapped and is currently operating.
When was Preferred Payments founded?
Preferred Payments was founded in 2025. It employs 11 to 50 people.
Where is Preferred Payments based?
Preferred Payments is headquartered in Westlake Village, United States, in the North America region.
How does Preferred Payments make money?
Two revenue lines are on record. Payment Processing Services are the primary driver. The others are API and Integration Services.
Does Preferred Payments have an API?
Yes. ECRYPT offers a public API for developers to build and tailor payment processes. The API enables handling card-not-present transactions, building invoicing or e-commerce experiences, automating recurring billing with Subscriptions, managing customers and wallets, tokenizing credit card data, and implementing card-present transactions with cloud-based credit card terminals. Features include tip-at-time-of-sale, surcharging, device registration, and contactless transactions. A test account is available at https://info.ecrypt.com/get-a-test-account. Developer documentation is at developer.ecrypt.com/docs/getting-started.
What industry is Preferred Payments in?
Preferred Payments's product category is Payment Processing Software. Its primary akta.pro industry code is FSAGALAB, Embedded Payments (Pay-ins, Pay-outs, Wallets), with a secondary code of FSAMADAG, EMV Chip, Magstripe & PIN Debit Acceptance. Its NAICS code is 52232.