Merchant One
Merchant One is a Miami Beach-based ISO payment processor providing credit card processing, Clover POS systems, mobile readers, and gateway services to over 100,000 SMB merchants across retail, restaurant, hospitality, B2B, e-commerce, and event verticals.
- Company typePrivate
- Founded2004
- HeadquartersMiami Beach, United States
- Headcount51–100
- GTM typeB2B
- OfferingServices
What Merchant One does
Merchant One, Inc. is a Miami Beach, Florida-based payment processing company operating as a registered Independent Sales Organization (ISO) of Wells Fargo Bank, N.A. and Fifth Third Bank, N.A. Founded in 2004 and claiming a 100,000+ merchant customer base, the company provides full-service credit card processing to small and mid-sized businesses across six primary verticals: retail, restaurants, hospitality, B2B, e-commerce, and trade shows/events. Its go-to-market is direct-to-merchant phone-based inside sales supported by website lead capture, with a 98% approval rate and 24-hour activation cited as primary conversion mechanisms. The company holds BBB accreditation and Inc. 5000 recognition as credibility signals.
The product portfolio is anchored on Clover POS systems (Station, Mini, Flex, Go) resold under partnership with Clover Network (a First Data subsidiary), supplemented by multi-OEM mobile card readers (BBPOS Chipper, Swift B250 SwipeSimple, Magtek aDynamo), basic countertop terminals (Pax S80, Pax S500, FD-130, Verifone VX-520), and a cloud-based payment gateway offering virtual terminal, recurring billing, customer vault, fraud tools, API/SDK access, QuickBooks plugin, and 175+ shopping cart integrations. PCI DSS compliance and GDPR-aligned privacy practices are stated. Revenue mechanics rely on transaction-based take-rates (0.29%-1.99% on qualified rates), a $13.95 monthly account fee, terminal placement programs, and ancillary add-on services (gift/loyalty cards, cash advances, check processing, text marketing).
Operationally, Merchant One is a privately held, organically grown ISO with 51-100 employees, a single domestic headquarters, and no disclosed funding rounds, acquisitions, parent company, or material leadership changes in the available source material. Its competitive position rests on direct (non-broker) merchant relationships, bank sponsorship credibility, and the breadth of its POS-plus-gateway-plus-mobile product surface rather than proprietary technology or scale advantages.
Merchant One firmographics
Firmographics- Name
- Merchant One
- Legal name
- Merchant One, Inc.
- Website
- https://merchantone.com
- Company type
- Private
- Founded year
- 2004
- Operating status
- Operating
- Headcount range
- 51–100 employees
- Short description
- Merchant One is a Miami Beach-based ISO payment processor providing credit card processing, Clover POS systems, mobile readers, and gateway services to over 100,000 SMB merchants across retail, restaurant, hospitality, B2B, e-commerce, and event verticals.
- Ownership category
- akta.pro rank
Merchant One industry classification
Industry- Product category
- Payment Processing Services
- akta.pro primary industry
- Integrated Payment Processors (PSP/Acquirer) (FSAMABAA)
- akta.pro secondary industry
- Merchant Payment Gateways (API/Hosted Checkout) (FSAMACAA)
Keywords
Where Merchant One is headquartered
LocationHeadquarters
- HQ city
- Miami Beach
- HQ country
- United States
- HQ region
- North America
Offices1 record
Markets served
Merchant One business model
Business model- GTM type
- B2B
- Offering type
- Services
- Cost components
- Personnel, Marketing or Sales, Operations, Supply Chain, Technology or R&D
Revenue model
- Credit Card Processing Fees: Transaction-based fees charged as percentage of credit card sales. Qualified swiped rates range from 0.29% to 1.55%, keyed-in rates from 0.29% to 1.99%. Core revenue stream from merchant transaction processing.
- Monthly Account Fees: Monthly fee of $13.95 charged for merchant account maintenance and access to processing platform, reporting features, and customer support.
- Payment Gateway Services: Gateway services for e-commerce merchants including virtual terminal, API access, shopping cart integrations, and fraud protection tools.
Pricing tiers
| Model | Billing | Price |
|---|---|---|
| Transaction based/ take rate | Pay-as-you-go | Qualified Swiped Rate |
| Transaction based/ take rate | Pay-as-you-go | Qualified Keyed-in Rate |
| Subscription | Monthly | Monthly Account Fee |
| One time/ perpetual license | Pay-as-you-go | Set Up Fee |
| Other | Multi-year contract | Terminal Placement Program |
Go-to-market motion2 records
Distribution channels3 records
Marketing channels4 records
Merchant One product offering
Product offeringCore offering
Merchant One is a payment processing company providing full-service credit card processing using Clover POS hardware, mobile card readers, and a proprietary payment gateway. It serves retail, restaurant, hospitality, B2B, e-commerce, and event merchants with retail swipe, mobile, and card-not-present processing, plus add-ons such as gift/loyalty cards, cash advances, check processing, and text marketing.
Product overview
Merchant One is a payment processing services company offering a unified platform of credit card processing solutions. The core offering includes retail credit card processing, mobile processing, and card-not-present/e-commerce processing services. The product portfolio centers on Clover POS systems (Station, Mini, and Flex) for retail environments, along with mobile card readers including Clover Go, iProcess/Magtek aDynamo, BBPOS Chipper, and Swift B250 SwipeSimple for on-the-go payments. Supporting infrastructure includes a payment gateway service with API/SDK access, virtual terminal for key-in transactions, and add-on services such as gift/reward cards, cash advances, check processing, and text marketing. The company serves diverse industries including retail, restaurants, hospitality, B2B, e-commerce, and trade shows/events.
Differentiator
Problem solved
Functional benefit
Products and services
- Retail Credit Card Processing Full-service credit card processing for brick-and-mortar retail businesses, including state-of-the-art terminals, high-speed processing, gift and loyalty card programs, and 24/7 support.
- Mobile Credit Card Processing Payment processing solution using smartphone or tablet devices via Bluetooth connectivity, enabling businesses to conduct transactions on the go with signature capture, card swiper, and printer add-ons.
- Card Not Present / e-Commerce Processing Online payment processing solution providing free shopping cart, online account manager, remote accessibility, gift and loyalty programs, integration support, and 24/7 support.
- Clover Station POS Clover's largest and fastest POS system with a 14-inch high-definition versatile display, offering speed, power, and reliability for inventory management, employee management, payments, and reporting.
- Clover Mini POS Complete point-of-sale system in a compact package, small enough to fit in any space while providing full functionality for running a business front to back.
- Clover Flex POS All-in-one payment system in a single compact device that accepts magstripe, chip cards, Apple Pay, Samsung Pay, and more, replacing register, terminal, and printer functions.
- Clover Go Mobile card reader accepting swipe, dip, and tap payments from a phone, supporting Wi-Fi or cellular connections with seamless sync to the Clover web dashboard.
- iProcess (Magtek aDynamo) Secure card reader for iPhone or iPad that enables processing credit card transactions by signing in with gateway credentials.
- BBPOS Chipper EMV-certified compact payment acceptance device that transforms iOS and Android smartphones and tablets into mPOS solutions, also compatible with Windows via Authorize.net's vPOS.
- Swift B250 SwipeSimple Mobile card reader accepting mobile wallets, NFC contactless payments including Apple Pay and Google Pay, plus EMV chip cards and magnetic stripe payments.
- Payment Gateway Service Online payment gateway offering data security, fraud detection, virtual terminal, recurring payments, customer vault, robust reporting, and access to over 175 shopping cart integrations.
- Gift and Reward Cards Gift and loyalty card programs for retail and restaurant businesses to help drive customer retention and sales.
- Cash Advances Business cash advance services provided alongside payment processing.
- Check Processing Check processing services for merchants to accept check payments, available for retail and restaurant businesses.
- Basic Credit Card Terminals Entry-level credit card terminals including Pax S80 (EMV/NFC ready, phone line or Ethernet), Pax S500 (Wi-Fi), FD-130 (multi-connection), and Verifone VX-520.
- Text Marketing Text message marketing campaign service for retail businesses to drive customer engagement and sales.
Quantifiable outcome
- 98% approval rate for merchant applications including those with less-than-perfect credit
- +3 more outcomes
Companies that use Merchant One
Customer profileNamed customers6 records
Segments7 records
Ideal customer profiles4 records
Merchant One technology and API
TechnologyTechnology focussed No
API detail
- Has API
- Yes
- API docs
- API detail
Core technology
AI maturity
App detail
Integration4 records
Feature6 records
Merchant One partnerships and signals
Strategic signalPartnerships
Four partnerships are on record, tiered core.
- Wells Fargo Bank, N.A.coreMerchant One is a registered Independent Sales Organization (ISO) of Wells Fargo Bank, N.A., Concord, CA. This relationship allows Merchant One to resell payment processing services under the Wells Fargo bank sponsorship, providing access to payment networks and merchant account services.
- Fifth Third Bank N.A.coreMerchant One is a registered ISO for Fifth Third Bank N.A., Cincinnati, OH, USA. This additional banking partnership provides redundant sponsorship for payment processing services and expands the company's operational reach.
- Clover Network, Inc. (First Data)coreClover Network, Inc., a wholly owned subsidiary of First Data Corporation, provides POS hardware and software systems (Clover Station, Clover Mini, Clover Flex, Clover Go) that Merchant One resells and supports. Merchant One offers free training on Clover products and services all Clover products in-house.
- 175+ Shopping Cart PlatformscorePayment gateway integrates with over 175 shopping cart platforms enabling e-commerce merchants to accept payments online. This extensive integration ecosystem allows merchants to use their preferred e-commerce platform while processing through Merchant One's gateway.
Scale indicators5 records
Recent moves5 records
Expansion highlights4 records
Merchant One competitors and assessment
Company assessmentDirect peers
- Square (Block, Inc.): Square is a direct competitor targeting SMBs with card-present and card-not-present processing, POS hardware, and a software ecosystem. Both serve small merchants with bundled hardware + processing, though Square onboards entirely online versus Merchant One's phone-led model.
- Stripe: Stripe is a direct competitor on the e-commerce / online payment gateway side, with extensive shopping-cart integrations and developer APIs. Both companies compete for online merchants, and Stripe's gateway+processing stack overlaps with Merchant One's gateway offering.
- Helcim: Helcim is a direct SMB-focused payment processor offering interchange-plus pricing, POS, and online gateway — closely mirroring Merchant One's SMB proposition with transparent pricing. Both target small businesses across retail, restaurant, and e-commerce verticals.
- Stax by Fattmerchant: Stax offers subscription-based payment processing for SMBs with interchange-plus pricing and POS bundles. The subscription model and SMB vertical focus make it a near-direct comparable to Merchant One's processing + monthly-fee structure.
- Payment Depot: Payment Depot is a direct SMB competitor using an interchange-plus model and phone-based sales — closely mirroring Merchant One's pricing approach and inside-sales GTM. Both target similar retail and restaurant SMB segments.
- National Processing: National Processing is a direct SMB-focused ISO offering credit card processing, POS, and gateway services with phone-based sales. Its vertical coverage and merchant profile closely overlap with Merchant One's.
- CDG Commerce: CDG Commerce provides merchant accounts, gateway services, and SMB payment processing with interchange-plus pricing. Its SMB focus and gateway/processing stack are directly comparable to Merchant One's offering.
- Dharma Merchant Services: Dharma offers transparent interchange-plus payment processing for SMBs, including B2B and retail segments. Its customer profile (small/medium US merchants) and pricing model overlap meaningfully with Merchant One's.
Broad incumbents
- PayPal: PayPal is a broad incumbent offering SMB processing, online checkout, POS (Zettle), and gateway services. It overlaps with Merchant One across e-commerce, mobile, and retail SMB payments, but operates at vastly greater scale with a global footprint.
Others
- Clover Network (Fiserv): Clover is both Merchant One's primary hardware/software supplier and a competing direct-to-merchant POS+payments offering via Fiserv. The relationship is dual: Merchant One resells Clover, while Clover's own merchant channel competes for the same SMB customers.
Market position
Strengths5 records
Weaknesses5 records
Competitive moat4 records
Key risks6 records
Key highlights6 records
Customer concentration
Merchant One social profiles
Digital presenceMerchant One compliance and trust
Trust signalCompliance2 records
Merchant One financial estimates
Financial estimateRevenue estimate
Valuation estimate
Merchant One leadership team
Management profileNumber of profiles
Profiles2 records
Merchant One funding detail
Funding detailFunding overview
Funding rounds
Investors
Funding detail is available on the Subscription and Enterprise plan.Contact sales →
Merchant One 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 Merchant One
What does Merchant One do?
Merchant One is a payment processing company providing full-service credit card processing using Clover POS hardware, mobile card readers, and a proprietary payment gateway. It serves retail, restaurant, hospitality, B2B, e-commerce, and event merchants with retail swipe, mobile, and card-not-present processing, plus add-ons such as gift/loyalty cards, cash advances, check processing, and text marketing.
Is Merchant One a public or private company?
Merchant One is a private company. It is classified as founder individual operated bootstrapped and is currently operating.
When was Merchant One founded?
Merchant One was founded in 2004. It employs 51 to 100 people.
Where is Merchant One based?
Merchant One is headquartered in Miami Beach, United States, in the North America region.
How does Merchant One make money?
Three revenue lines are on record. Credit Card Processing Fees are the primary driver. The others are monthly Account Fees and payment Gateway Services.
Who are Merchant One's main competitors?
Direct peers on record are Square (Block, Inc.), Stripe, Helcim, Stax by Fattmerchant, Payment Depot, National Processing, CDG Commerce and Dharma Merchant Services. PayPal is listed as a broad incumbent. Clover Network (Fiserv) is listed as an others.
Does Merchant One have an API?
Yes. Merchant One provides multiple APIs and SDKs for in-store, mobile, online, or self-service payments. The gateway offers a robust API with payer authentication for e-commerce. SDKs provide access to pre-certified payment devices from major manufacturers, simplifying EMV Level 3 processor certification. Direct API access is available for those who prefer to do their own certification, with integration examples, guide, and API documentation provided. QuickBooks Plugin integration is also available.
What industry is Merchant One in?
Merchant One's product category is Payment Processing Services. Its primary akta.pro industry code is FSAMABAA, Integrated Payment Processors (PSP/Acquirer), with a secondary code of FSAMACAA, Merchant Payment Gateways (API/Hosted Checkout).