Verifone

What Verifone does

Verifone is a global payments technology company operating across both physical point-of-sale hardware and cloud-based digital commerce. Founded in 1981 as a payment terminal manufacturer, Verifone expanded into digital commerce through its 2020 acquisition of 2Checkout (formerly Avangate), a Merchant of Record platform serving software, SaaS, and digital goods companies. The company operates two interlocking business lines: a hardware portfolio including the Commander POS system for fuel and convenience retailers, and the Victa family of Android-based payment devices (Victa Mobile, Victa Lane, Victa Portable); and a digital commerce platform built on 2Checkout, which unifies payment processing, subscription billing, global tax compliance, and risk management for merchants selling across 190+ countries.

The 2Checkout platform operates on both Merchant of Record and Payment Service Provider models, with PCI DSS Level 1 certification and 99.99% uptime. Recent product development has integrated AI capabilities — including real-time fraud detection scoring, AI-powered documentation search, and AI help desk support — into the Commander POS system, while biometric identity solutions have been added through partnerships with PayPal, Venmo, PopID, and MagicCube. The Victa hardware line supports cellular connectivity, PCI 7-readiness, and portable formats ranging from countertop to unattended.

Verifone monetizes through a mix of hardware sales, payment transaction fees, recurring subscription billing revenue, digital commerce platform services, and professional integration services. Distribution combines direct enterprise sales for large merchants with a dense channel partner network that includes Shopify, Stripe, FreedomPay, Moneris, and Unzer, plus a developer ecosystem of 3,000+ partners integrated via the 2Checkout API. The company is headquartered in New York, with the 2Checkout operations anchored in Columbus, Ohio, and regional offices in Amsterdam and the United Kingdom. There is a notable data inconsistency in the source material: the firmographics block describes the entity as private with 1,001–5,000 employees, while the corporate block references public listing on NYSE under ticker PAY; the analysis treats these as representing the combined Verifone entity spanning both hardware and digital commerce operations.

Name

Verifone

Legal name

VeriFone, Inc.

Website

https://2checkout.com

Company type

Public

Founded year

1981

Operating status

Operating

Headcount range

1,001–5,000 employees

Short description

Verifone is a global payments technology company providing POS hardware (Commander, Victa devices) and the 2Checkout digital commerce platform with Merchant of Record services, serving software/SaaS companies, fuel and convenience retailers, and online merchants across 190+ countries.

Ownership category

akta.pro rank

Product category

Payment Processing Hardware and Software

akta.pro primary industry

Merchant-of-Record (MoR) & Payment Facilitation (PayFac) Infrastructure (FSAGABAE)

Keywords

• Payment processing
• POS terminals
• Merchant of record
• Digital commerce platform
• Subscription billing

Headquarters

HQ city

Columbus

HQ country

United States

HQ region

North America

Offices4 records

Markets served

GTM type

B2B

Offering type

Hardware or Manufacturing

Cost components

Supply Chain, Technology or R&D, Operations, Personnel, Marketing or Sales, Infrastructure

Revenue model

1. Hardware Sales: Verifone generates revenue from sale of POS payment terminals including Victa Mobile, Victa Lane, Victa Portable, and other payment hardware devices. Hardware includes countertop, portable, and unattended formats.
2. Payment Processing & Transaction Fees: Transaction-based revenue from payment processing services. 2Checkout processes digital payments globally with merchant of record and PSP models.
3. Subscription Management (2Checkout): Recurring revenue from subscription billing services for software/SaaS companies. Flexible recurring billing with automated renewals and full subscription lifecycle control.
4. Digital Commerce Platform Services: Revenue from digital goods sales, global payments, B2B commerce, and partner affiliate/reseller programs through the 2Checkout platform.
5. Professional Services & Integration: Technical support, integration services, and dedicated account management for enterprise partners and merchants.

Pricing tiers

Go-to-market motion3 records

Distribution channels8 records

Marketing channels8 records

Core offering

Verifone is a global payments technology company that sells point-of-sale hardware terminals (Commander POS system for fuel and convenience retailers and the Victa family of Android payment devices) and operates the 2Checkout Monetization Platform, a cloud-based merchant-of-record and payment service provider platform delivering global payment processing, subscription billing, digital commerce, B2B commerce, automated global tax compliance, and risk management for software, SaaS, online services, and digital goods businesses across 190+ countries.

Product overview

Verifone is a global payments technology company providing a comprehensive ecosystem of payment solutions spanning hardware terminals, point-of-sale systems, cloud-based commerce platforms, and eCommerce services. The core hardware portfolio includes the Commander POS system for fuel and convenience retailers, and the Victa family of Android payment devices (Victa Mobile countertop, Victa Lane terminals, Victa Portable). For eCommerce and digital commerce, Verifone operates the 2Checkout Monetization Platform encompassing 2Sell (global payments), 2Subscribe (subscription management), 2Monetize (digital goods commerce), Global Tax & Financial Services, Risk Management & Compliance, and Partner Sales modules. The company also offers identity/biometric solutions for in-person commerce, integrating with PayPal, Venmo, and PopID. Strategic partnerships extend Verifone's reach through Stripe, Shopify POS, FreedomPay, Unzer, and Bilt.

Differentiator

Problem solved

Functional benefit

Brands

• 2Sell: Accept mobile and online payments from buyers worldwide
• 2Subscribe
• 2Monetize
• 2Checkout Monetization Platform
• UnzerOne
• Victa Portable
• Victa Mobile
• Commander

Products and services

• Verifone Commander POS System Point-of-sale system for fuel retailers and convenience-store operators, integrating forecourt controllers, in-store POS, AI-powered merchant tools, help-desk automation, and real-time fraud detection scoring.
• Verifone Victa Mobile countertop terminal Android-based countertop payment terminal with PCI 7-ready technology and built-in cellular connectivity, distributed through Shopify POS and other channel partners.
• Verifone Victa Lane terminal Android-based multilane payment terminal with a larger landscape display, PCI 7-ready technology, and built-in cellular connectivity, distributed through Shopify POS and other channel partners.
• Verifone Victa Portable platform Portable Android payment terminal platform featuring a nearly seven-inch display, PCI 7-ready technology, built-in cellular connectivity, and 12+ hours of battery life, distributed through Moneris and other partners.
• 2Checkout Monetization Platform Complete cloud-based commerce solution powered by merchant-of-record capabilities, unifying payments, billing, and tax compliance for global digital commerce across 190+ markets.
• 2Sell Mobile and online global payment acceptance product enabling merchants to take payments from buyers worldwide with seamless currency support and cross-border transaction handling.
• 2Subscribe Subscription management solution providing flexible recurring billing, automated renewals, and full subscription lifecycle control to maximize recurring revenue.
• 2Monetize Full commerce solution built for digital goods sales, supporting software, SaaS, online services, e-learning, gaming, and AI tools merchants.
• Global Payments Global payment processing that supports local payment methods and 130+ display currencies for seamless cross-border transactions.
• Digital Commerce Configurable shopping cart and flexible purchase flows designed to boost conversions and support global buyers.
• Subscription Billing Flexible recurring billing service that adapts to any business model with automated renewals and full subscription lifecycle control.
• Global Tax & Financial Services Automated VAT, GST, and sales tax calculation and compliance service enabling businesses to sell globally without added complexity.
• Risk Management & Compliance Built-in fraud protection and regulatory compliance service powered by advanced rules and continuous monitoring.
• B2B Commerce Business-to-business commerce solution supporting complex B2B transactions, invoicing, pricing models, multi-merchant marketplaces, and reseller management.
• Verifone Cloud-Based POS Cloud-based point-of-sale solution enabling unified commerce experiences across in-store and digital channels.
• Verifone Pix Payment Solution International Pix payment solution enabling merchants to accept Brazil's Pix instant payment system from Brazilian customers abroad.
• Verifone Identity Solutions Biometric technology solutions for identifying in-person shoppers to enable personalization, loyalty programs, and seamless transactions via one-time biometric registration usable across merchants.

Quantifiable outcome

• 99.99% uptime for enterprise reliability
• +2 more outcomes

Named customers8 records

Segments8 records

Ideal customer profiles4 records

Technology focussed Yes

API detail

Has API

Yes

API docs

API detail

Core technology

AI maturity

App detail

Integration9 records

AI capability6 records

Feature7 records

Partnerships

Ten partnerships are on record, tiered core and minor.

• Unzer Group GmbHcoreChannel Partner/ Reseller/ Distributor · 1 March 2026Verifone expanded partnership with Unzer to integrate its hardware and processing technology into Unzer's UnzerOne cloud-based payment platform. This enables merchants to deploy unified payment systems across in-store and online channels. The partnership is initially launching in Germany, Denmark, Norway, Sweden, and Finland with plans to expand to other countries through 2026.
• MoneriscoreChannel Partner/ Reseller/ Distributor · 3 February 2026Moneris expanded its Go commerce suite with two new solutions leveraging Verifone's Victa Portable platform. Moneris became the first in Canada to leverage Verifone's Victa Portable platform. The new terminal features a nearly seven-inch display, PCI 7-ready technology, built-in cellular connectivity, and over 12 hours of battery life.
• PayPal and VenmocoreTechnology or Integration · 23 January 2026Verifone invested in biometric technology, partnering with PayPal and Venmo to enable one-time biometric registration usable across multiple merchants. This enables identification of in-person shoppers to enable personalization, loyalty programs, and seamless transactions while extending identity solutions into the digital realm.
• ShopifycoreChannel Partner/ Reseller/ Distributor · 11 January 2026Shopify partnered with Verifone to expand card reader options available through Shopify POS. The partnership brings Verifone Victa devices including Victa Mobile countertop and Victa Lane terminals with larger landscape displays to Shopify merchants of all sizes. Support rolling out in Q1 with broader availability expected in Q2 2026.
• BiltcoreStrategic or Co-development Partner · 9 January 2026Bilt partnered with Verifone to integrate Bilt's customer experience and loyalty platform into Verifone's next-generation Android payment devices (Victa). The partnership embeds loyalty, personalized experiences, and member identity directly into the payment flow at point of sale, enabling merchants in dining, fitness, and retail to automatically recognize and reward customers without additional hardware investment. Rollout begins with select restaurant groups with broader merchant availability throughout 2026.
• PagBrasilminorStrategic or Co-development Partner · 27 July 2025Verifone and PagBrasil launched an exclusive international Pix payment solution enabling Brazilian shoppers in the U.S. to pay using Brazil's Pix instant payment system. This extends payment options for the Brazilian diaspora in the United States.
• PagBrasilminorStrategic or Co-development Partner · 22 July 2025Verifone and PagBrasil partnership enables Brazil's Pix acceptance in the U.S., allowing merchants to accept Pix payments from Brazilian customers shopping in America.
• PopIDcoreStrategic or Co-development Partner · 4 June 2025PopID closed equity financing with investments from Verifone, PayPal, Visa, Commerce Ventures, and Chipotle's venture fund. This funding supports development of a global biometric network and a partnership with Verifone to retrofit terminals for biometric authentication.
• StripecoreChannel Partner/ Reseller/ Distributor · 11 May 2025Verifone and Stripe partnership to deliver unified commerce. Verifone provides payment hardware devices while Stripe provides payment infrastructure, enabling merchants to deploy a comprehensive payment solution.
• FreedomPaycoreChannel Partner/ Reseller/ Distributor · 7 January 2025Verifone and FreedomPay announced a global partnership integrating their commerce ecosystems. Merchants using FreedomPay's payment orchestration platform can access Verifone's full portfolio of payment hardware devices. The combined offering unifies Verifone's payments engine and security systems with FreedomPay's Next Level Commerce platform. Verifone's devices will be certified on FreedomPay's network across mobile, multilane, unattended, portable, and SoftPOS formats.

Scale indicators9 records

Recent moves6 records

Expansion highlights7 records

Direct peers

• Pax Global Technology: Pax Global is a major Android-based POS terminal manufacturer competing directly with Verifone's Victa portfolio. Strong in EMEA and Latin America, often at lower price points, applying direct margin pressure on Verifone hardware.
• PayPal: PayPal is a global payments incumbent and partner via biometric identity initiatives with Verifone. It competes with 2Checkout's Merchant of Record model through Braintree and PayPal Commerce, while also being a key distribution partner for Venmo biometric registration.
• Stripe: Stripe is the dominant digital payment processor and Merchant of Record competitor for 2Checkout, serving global SaaS, e-commerce, and digital goods merchants. The 2025 Stripe-Verifone card-present integration shows they are simultaneously partners and direct competitors in online payment processing.
• Paddle: Paddle is a Merchant of Record focused specifically on SaaS and software companies selling globally - directly overlapping 2Checkout's core segment of software/SaaS, online services, and AI tool customers needing tax compliance.
• Ingenico (Worldline): Ingenico (now part of Worldline) is one of the largest global POS terminal manufacturers and direct competitor to Verifone's hardware business across Europe, Americas, and emerging markets in retail and fuel.
• Adyen: Adyen is a global payment processor serving enterprise merchants with unified online and in-store payment acceptance. Direct competitor to Verifone's combined 2Checkout and Victa offering for large global retailers and platforms.
• Checkout.com: Checkout.com is a global payment processor with strong merchant acquiring capabilities and direct overlap with Verifone's payment processing and orchestration services, particularly for enterprise digital commerce.
• Clover (Fiserv): Clover is a major POS hardware and software competitor owned by Fiserv, directly competing with Verifone's Commander and Victa lines across SMB and mid-market retail/fuel/c-store verticals with strong app marketplace distribution.
• Square (Block): Square competes with Verifone on both hardware POS terminals (Square Reader, Square Stand) and software-driven payment processing for SMBs. Strong developer and SMB mindshare creates competitive pressure in the omnichannel SMB segment Verifone targets via Shopify.

Emerging players

• FreedomPay: FreedomPay is a payment orchestration and commerce platform partner of Verifone (certifies Verifone devices across its network). While partnership-aligned, FreedomPay also operates its own Next Level Commerce platform overlapping with Verifone's payment orchestration ambitions.

Market position

Competitive moat6 records

Key risks6 records

Key highlights6 records

Customer concentration

• Xx.com/2Checkout
• Facebookfacebook.com/Verifone
• LinkedInlinkedin.com/company/2checkout
• Instagraminstagram.com/verifone

Compliance4 records

Revenue estimate

Valuation estimate

Number of profiles

Subsidiaries6 records

Funding overview

Funding rounds4 records

Investors3 records

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A1 record

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Verifone