Name

PayKoncept

Legal name

Paykoncept Merchant Services LLC

Website

https://paykoncept.com

Company type

Private

Founded year

2015

Operating status

Operating

Headcount range

1–10 employees

Ownership category

akta.pro rank

Product category

Payment Processing Services

NAICS

Financial Transactions Processing, Reserve, and Clearinghouse Activities (52232), Financial Transactions Processing, Reserve, and Clearinghouse Activities (522320)

SIC

Finance Services (6199)

akta.pro primary industry

POS, SoftPOS & In-Person Acceptance Infrastructure (FSAGABAO)

akta.pro secondary industries

EMV Chip, Magstripe & PIN Debit Acceptance (FSAMADAG), POS, QR & In-Person Acceptance Infrastructure (Crypto) (FSADAIAI)

Keywords

• Payment processing services
• Merchant services
• Credit card processing
• POS systems
• Payment gateway solutions

Headquarters

HQ city

Orlando

HQ country

United States

HQ region

North America

Offices1 record

Markets served

GTM type

B2B

Offering type

Software

Cost components

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

Revenue model

1. Transaction Processing Fees: Fees charged per transaction for credit card processing services
2. Zero Fee Program Monthly Fee: $39.00 monthly program fee for businesses using the surcharge program
3. Clover POS Leasing: Hardware leasing revenue from Clover POS systems at $186.55 per month on 36-month terms
4. ATM Services: ATM transaction fees and income from ATM placement in merchant locations
5. Gateway and Portal Services: Online reporting portal and gateway services for transaction management

Pricing tiers

Go-to-market motion2 records

Distribution channels5 records

Marketing channels5 records

Core offering

PayKoncept is a minority-owned payment technology company operating as an Independent Sales Organization (ISO) of Fifth Third Bank and World Pay, delivering multi-channel payment processing solutions to SMB and mid-market merchants. Its core offering is credit and debit card processing supported by the proprietary PK Gateway virtual terminal, Clover POS hardware/software bundles, mobile card readers, e-commerce gateway, and value-added services including PK Cryptocurrency, FastAccess Funding, ATM placement, and the Zero Fee Program surcharge model.

Product overview

PayKoncept is a minority-owned payment technology company (established 2015) operating as an ISO of World Pay and Fifth Third Bank, offering a portfolio of payment processing products and services across online, on-site, and mobile channels. The core offering is Credit Card Processing, which is supported by the PK Gateway virtual terminal and payment gateway. Merchants can accept payments in-person via Clover POS terminals (Clover Flex, Mini, Go, and Station Duo Bundle), Mobile card swipe readers, or through dedicated e-commerce and online solutions. Additional services include FastAccess Funding (same-day deposits), PK Cryptocurrency (accepting 160+ cryptocurrencies with AI risk analysis), ATM placement, Gift Cards (OMNI Shield Assure), On-line Reporting Portal, Security Solutions (PCI compliance support), and Consulting. The ZERO FEE is FREEDOM program offers a surcharge-based pricing model that eliminates merchant processing fees.

Differentiator

Problem solved

Functional benefit

Products and services

• Credit Card Processing Core credit and debit card payment processing service that helps businesses accept and manage card transactions across all sales channels.
• PK Gateway PCI-compliant virtual terminal and online payment gateway enabling merchants to accept credit card and ACH payments securely from a web browser, with support for one-time, recurring, and future-dated transactions and customized reports.
• Clover POS Cloud-based point-of-sale system offered through PayKoncept in multiple configurations (Clover Flex, Clover Mini, Clover Go, Clover Station Duo Bundle) for in-store, online, and on-the-go retail and restaurant businesses, with eCommerce integration, contactless payments, and inventory management.
• Mobile Card Processing Mobile card payment solution that enables merchants to process credit card transactions directly from a smartphone or tablet via card swipe with wireless connectivity.
• E-Commerce Solutions Secure online payment solution with real-time credit and check payment gateways, tokenized payment data security, coupon and discount support, and website integration for online shopping.
• PK Cryptocurrency Cryptocurrency payment solution allowing merchants to accept over 160 cryptocurrencies with AI-based risk analysis, next-day USD settlement, no chargeback risk, and seamless eCommerce integration.
• FastAccess Funding Same-day merchant funding service that deposits funds into a business bank account within approximately 5 hours, 7 days a week including holidays.
• Zero Fee Program Zero-fee credit card processing program that passes the 4% surcharge cost to the customer rather than the merchant, with no long-term contracts, a $39 monthly fee, and a free loaner terminal or mobile gateway.
• ATM Placement Services Automated teller machine placement and management service for high-traffic businesses, with EMV-capable terminals, multiple connectivity options (telephone, WiFi, wireless), and revenue generation averaging up to $2.50 per transaction.
• Security Solutions PCI compliance validation support and enhanced security solutions designed to help protect businesses from fraud and data breaches.
• Payment Technology Consulting Holistic payment technology consulting service that assesses business needs and recommends the optimal mix of POS, gateway, and mobile solutions.
• Online Reporting Portal Web-based merchant portal providing real-time transaction detail, payment summaries, retrieval and chargeback data, and current and historical statement information.
• Gift Cards (OMNI Shield Assure) Gift card program under the OMNI Shield Assure brand, enabling merchants to track gift card usage and offer customer reward incentives to encourage repeat purchases.

Quantifiable outcome

• Over 95% processing savings with Zero Fee Program
• +4 more outcomes

Named customers6 records

Segments8 records

Ideal customer profiles7 records

Technology focussed Yes

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature4 records

Partnerships

Two partnerships are on record, tiered core.

• World PaycoreTechnology or IntegrationPayKoncept is an Independent Sales Organization (ISO) of World Pay, providing access to World Pay's payment processing technology and infrastructure.
• Clover Network, Inc.coreTechnology or IntegrationPayKoncept offers Clover POS systems including Flex, Mini, Go, and Station Duo Bundle through a partnership with Clover Network. The Clover name and logo are owned by Clover Network, Inc.

Scale indicators4 records

Recent moves6 records

Expansion highlights5 records

Direct peers

• Square (Block): Square offers integrated POS hardware, payment processing, and SaaS tools targeted at SMBs across retail, restaurant, and service verticals — the same niche PayKoncept addresses with Clover and PK Gateway.
• Helcim: Helcim is a direct SMB-focused payment processor offering interchange-plus pricing, virtual terminal, and POS integrations — closely mirroring PayKoncept's merchant services value proposition.
• Stax (formerly Fattmerchant): Stax provides subscription-based payment processing with 0% markup above interchange for SMBs, competing head-on with PayKoncept's Zero-Fee Program on transparent SMB pricing.
• Payment Depot: Payment Depot is an SMB-focused ISO offering interchange-plus pricing and merchant cash advances, sharing PayKoncept's ISO business model and SMB customer profile.
• National Processing: National Processing is a merchant services provider serving SMBs across retail, restaurant, and e-commerce with rates and equipment financing similar to PayKoncept's.
• Dharma Merchant Services: Dharma is an SMB-focused payment processor offering transparent interchange-plus pricing, virtual terminal, and POS integrations directly comparable to PayKoncept's product set.

Emerging players

• Toast: Toast combines restaurant-specific POS hardware with integrated payments, competing for the hospitality segment that PayKoncept targets with Clover POS.

Broad incumbents

• Fiserv (Clover): Fiserv owns the Clover Network that PayKoncept resells; it also sells Clover directly to merchants and offers a broad merchant-acquiring stack that competes across PayKoncept's verticals.
• Worldpay (FIS): Worldpay (now part of FIS) is PayKoncept's upstream processor and a global merchant acquirer selling payment processing directly to mid-market and enterprise merchants.
• Stripe: Stripe is a dominant online payment infrastructure provider whose POS and SMB offerings (Stripe Terminal, Stripe Checkout) overlap with PayKoncept's e-commerce and gateway products.

Market position

Strengths4 records

Weaknesses4 records

Competitive moat4 records

Key risks6 records

Key highlights6 records

Customer concentration

Compliance1 record

Revenue estimate

Valuation estimate

Number of profiles

Funding overview

Funding rounds

Investors

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 PayKoncept