What TRX Services does

TRX Services LLC is a private payment processing company founded in 2010 and headquartered in Atlanta, Georgia, with additional offices in Philadelphia, Raleigh, and Holmdel, New Jersey. The company operates as a registered ISO/MSP/TPP with three sponsor banks — Chesapeake Bank, Esquire Bank, and Metropolitan Commercial Bank — enabling it to provide payment processing services to approximately 4,000 merchants across the United States and Canada, processing more than $4.5 billion in annual transaction volume. TRX serves multiple verticals including automotive dealerships (notably integrated with CDK Global), banks and financial institutions, retail, restaurants, parking operators, professional services firms, mobile merchants, and non-profit organizations, distributed through direct sales, independent agent/reseller networks, and integrated software vendor (ISV) partnerships.

The company's core product is a payment processing platform supporting credit and debit cards, ACH, digital payments, contactless/NFC, mobile payments, and EMV chip transactions across retail POS, internet, MOTO, mobile, and wireless environments. The product suite extends beyond core processing into a set of add-on modules: accounts payable automation (with QuickBooks and Singe Payables integration), accounts receivable automation with surcharging and recurring billing, a Chargeback Manager integrated with Verifi CDRN, Ethoca Alerts, and VISA Rapid Dispute Resolution, consumer financing (BNPL) in partnership with TuaPay, payroll and HR software in partnership with Auris, a TRX Retail POS with WooCommerce integration, and a TRX Mobile SDK for iOS and Android developers using the ID TECH VP 3350 reader. TRX holds PCI DSS 4.0 certification and integrates with payment hardware providers including Verifone and ID TECH.

TRX generates revenue primarily through transaction-based processing fees on payments, supplemented by interchange revenue from virtual card payments in its AP automation product, fees from BNPL financing arrangements, and surcharging program revenue (which the company states can eliminate up to 90% of credit card fees for participating merchants). Pricing is quote-based and varies by merchant profile and volume. In March 2026, TRX received an undisclosed equity investment from private equity firm Stella Point Capital, with stated use of funds to advance its technology-led payment processing capabilities and integrated software vendor strategy. Leadership is headed by CEO Scott Martin.

Name

TRX Services

Legal name

TRX Services LLC

Website

https://trxservices.com

Company type

Private

Founded year

2010

Operating status

Operating

Headcount range

11–50 employees

Short description

TRX Services is a private payment processor serving approximately 4,000 merchants across the U.S. and Canada with over $4.5 billion in annual transaction volume. Operating as an ISO/MSP/TPP, it offers payment processing, AP/AR automation, chargeback prevention, and BNPL across multiple verticals.

Ownership category

akta.pro rank

Product category

Payment Processing Services

NAICS

Financial Transactions Processing, Reserve, and Clearinghouse Activities (52232)

SIC

Finance Services (6199)

akta.pro primary industry

POS Payment Software & Middleware (Terminal OS, Apps, Device Management) (FSAMADAC)

akta.pro secondary industries

Merchant-Integrated BNPL (Checkout POS Financing) (FSAGAIAA), EMV Chip, Magstripe & PIN Debit Acceptance (FSAMADAG), Recurring Billing, Subscriptions & Tokenized Payments (CRAFALAH)

Keywords

• Payment processing services
• Merchant services
• Accounts payable automation
• Chargeback prevention
• Retail point-of-sale

Headquarters

HQ city

Omaha

HQ country

United States

HQ region

North America

Offices5 records

Markets served

GTM type

B2B

Offering type

Services

Cost components

Personnel, Technology or R&D, Operations, Marketing or Sales, Others

Revenue model

1. Payment Processing Transaction Fees: TRX Services earns transaction fees on payments processed across credit cards, debit cards, ACH, and digital payment methods. Merchants pay processing fees based on transaction volume.
2. Surcharge Program: Compliant surcharging program allows businesses to offset credit card processing costs, with TRX retaining a portion of the surcharge revenue. Businesses have eliminated up to 90% of credit card fees through this program.
3. Accounts Payable Virtual Cards: Revenue generated from virtual card payments to vendors, with TRX paying rebates on card volume to customers. No fees for virtual cards; revenue comes from interchange on card transactions.
4. Consumer Financing: In partnership with TuaPay, TRX offers buy-now-pay-later financing, earning fees from the financing arrangement while providing merchants next-day payment.
5. Accounts Payable Services: Automation services for vendor and supplier payments, generating revenue through transaction fees and operational efficiencies for customers.

Pricing tiers

Go-to-market motion2 records

Distribution channels4 records

Marketing channels4 records

Core offering

TRX Services provides payment processing services that enable merchants to accept credit cards, debit cards, ACH, digital, mobile, contactless/NFC, and EMV chip payments across retail POS, internet, MOTO, mobile, and wireless environments. The offering is extended through accounts payable and accounts receivable automation, chargeback prevention and management, compliant surcharging, consumer financing (BNPL) via TuaPay, retail POS, a mobile SDK for card-present acceptance, and payroll/HR via Auris.

Differentiator

Problem solved

Functional benefit

Products and services

• Payment Processing Core payment processing service enabling merchants to accept credit cards, debit cards, ACH, digital payments, mobile payments, virtual terminals, and contactless payments across retail POS, internet, MOTO, mobile, and wireless environments.
• Accounts Payable Automation Automated accounts payable solution that manages vendor and supplier payments via checks, ACH, and virtual cards, with multi-layer fraud protection and rebate revenue on card volume.
• Accounts Receivable Automation Automated accounts receivable solution with integrated card payments, surcharging, ACH, digital payments, recurring billing, retail financing, and commercial financing to streamline collections and improve cash flow.
• Chargeback Prevention and Management Chargeback Manager with end-to-end chargeback management and prevention features, integrating Verifi CDRN, Ethoca Alerts, and VISA Rapid Dispute Resolution, giving merchants a 48-72 hour response window before chargebacks finalize.
• Consumer Financing (BNPL via TuaPay) Buy-now-pay-later consumer financing solution delivered in partnership with TuaPay, enabling customers to pay in installments at the point of purchase with same-day sales reimbursement for merchants.
• Payroll & HR (via Auris) All-in-one payroll and HR software suite offered in partnership with Auris, including payroll processing, time and attendance, HR consulting, benefits administration, hiring and onboarding, and ACA reporting.
• TRX Mobile SDK Software development kit that allows native iOS and Android app developers to integrate payment processing with the ID TECH VP 3350 card reader (PCI PTS 6.X certified) for fully mobile card-present payments, including MSR, chip, and contactless such as Apple Pay, Google Pay, and Samsung Pay.
• TRX Retail POS Cloud-based point-of-sale system for retail businesses with inventory management, WooCommerce eCommerce integration, customer loyalty programs, advanced sales analytics, integrated forecasting, custom user roles, and phone/chat support.
• TRX Merchant Portal Comprehensive merchant portal for managing payments, providing reporting, virtual terminal access, and chargeback management tools, with Classic and Modern versions.
• TRX Surcharge Program Compliant surcharge program that enables businesses to offset credit card processing costs, reportedly eliminating up to 90% of credit card fees and adding 2% or more to merchant bottom line.

Quantifiable outcome

• Merchants have eliminated up to 90% of credit card fees with compliant surcharging program
• +4 more outcomes

Named customers1 record

Segments10 records

Ideal customer profiles10 records

Technology focussed Yes

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Integration10 records

Feature8 records

Partnerships

Nine partnerships are on record, tiered core and supporting.

• TuaPay (Tua Financial)coreTechnology or IntegrationIn partnership with TuaPay (Tua Financial), TRX Services provides consumer financing programs to merchants, enabling customers to pay in installments at point of purchase. TRX handles the financing process simplification and provides same-day sales reimbursement.
• Key IVRsupportingTechnology or IntegrationKey IVR's Agent Assisted Payments solution, available through TRX Services, enables non-profits and call centers to accept secure phone payments while maintaining live agent engagement. The system mutes audio while customers enter card details via keypad or voice.
• Singe PayablessupportingTechnology or IntegrationTRX Services partners with Singe Payables to provide accounts payable automation for Lee Johnson Auto Family. The combined solution achieved 80%+ check-to-digital conversion and 10+ hours saved per payables run.
• AurissupportingTechnology or IntegrationIn partnership with Auris, TRX Services offers an all-in-one payroll and HR software suite including payroll processing, time and attendance, benefits administration, hiring/onboarding, and ACA reporting.
• CDK GlobalsupportingTechnology or IntegrationTRX integrates with CDK Global platforms for automotive dealerships, enabling seamless payment processing for sales, service, parts, and finance departments within the dealership management system.
• VerifonesupportingTechnology or IntegrationTRX Services offers the latest Verifone terminals enabling flexible connectivity and fast, secure card-present transactions. Verifone equipment supports EMV, contactless, and NFC payments.
• ID TECHsupportingTechnology or IntegrationTRX Mobile SDK integrates with ID TECH VP 3350 card reader, supporting MSR, chip, and contactless payments including Apple Pay, Google Pay, and Samsung Pay. Device is PCI PTS 6.X certified.
• QuickBookssupportingTechnology or IntegrationTRX's accounts payable solution integrates with QuickBooks and other existing ERP and accounting systems, allowing businesses to maintain current workflows while adding automated payment capabilities.
• WooCommercesupportingTechnology or IntegrationTRX Popup Retail POS integrates with WooCommerce for eCommerce synchronization, allowing retailers to sync inventory, track online orders, and offer unified promotions across online and physical stores.

Scale indicators7 records

Recent moves6 records

Expansion highlights6 records

Direct peers

• Helcim: Canadian-headquartered SMB payment processor offering interchange-plus pricing, POS, invoicing, and merchant tools. Directly comparable to TRX on target market (small/medium merchants), transparent fee model, and cross-border US/Canada footprint.
• Payment Depot: US SMB payment processor with interchange-plus pricing and an independent agent/reseller channel. Closely comparable to TRX's mid-market merchant focus, transparent-fee positioning, and agent-driven GTM motion.
• Stax (formerly Fattmerchant): Subscription-based SMB payment processor with integrated POS and AP/billing automation. Comparable to TRX on multi-product monetization (processing + AP/billing), SMB target, and emphasis on cost transparency versus interchange-plus models.
• Dharma Merchant Services: US ISO/payment processor targeting SMBs with transparent interchange-plus pricing and high-touch service. Comparable to TRX on transparent-fee positioning, vertical-agnostic SMB focus, and agent/reseller partnerships.
• National Processing: US payment processing ISO with a multi-vertical merchant base and agent/reseller channel. Comparable to TRX on bank-sponsored ISO model, broad vertical coverage (retail, restaurants, professional services), and channel-driven sales motion.
• PayJunction: US payment processor with integrated POS, virtual terminal, and recurring billing for SMBs and professional services. Comparable to TRX on recurring billing, professional services vertical emphasis, and no long-term contract pricing model.
• CDG Commerce: US payment processor offering merchant accounts, virtual terminal, and online payment gateway for SMBs. Comparable to TRX on bank-sponsored processing, transparent interchange-plus pricing, and SMB/ISV channel partners.

Broad incumbents

• Block (Square): Large public payments and POS provider with broad merchant tools, BNPL (Afterpay), and banking services. Overlaps with TRX on retail POS, mobile SDK/card readers, BNPL, and SMB payment processing, but at vastly greater scale and breadth.
• Clover (Fiserv): Major POS + payments platform from Fiserv serving SMBs across retail, restaurants, and professional services. Comparable to TRX on POS hardware distribution, app marketplace, and SMB vertical coverage; broader incumbent with embedded distribution via banks.
• Lightspeed Commerce: Public commerce platform offering POS, payments, and eCommerce for retail and restaurant verticals. Comparable to TRX on retail/restaurant POS, payments integration, and vertical SaaS play; operates at much larger scale with international footprint.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat5 records

Key risks6 records

Key highlights7 records

Customer concentration

• LinkedInlinkedin.com/company/transaction-services
• Xx.com/trxservices
• Facebookfacebook.com/transactionservices

Revenue estimate

Valuation estimate

Number of profiles

Profiles1 record

Funding overview

Funding rounds1 record

Investors1 record

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

M&A

Investments

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

Frequently asked questions about TRX Services