SIX Payment Services
SIX Payment Services is a Zürich-based, privately held payment acquirer founded in 1985 with 251–500 employees. It offers cashless payment processing to merchants of all sizes through direct card-network agreements, eliminating ISO middlemen.
- Company typePrivate
- Founded1985
- HeadquartersZürich, Switzerland
- Headcount251–500
- GTM typeB2B
- OfferingSoftware
What SIX Payment Services does
SIX Payment Services is a financial services company headquartered in Zürich, Switzerland that offers cashless payment services. The company was founded in 1985, is privately held, and operates with 251–500 employees. Based on the operational data supplied, it operates as a licensed payment acquirer with direct agreements to card networks (Visa, Mastercard, Discover) and maintains a registered acquirer relationship with PNC Bank, N.A. in Pittsburgh, PA, which provides regulatory backing for U.S. acquiring activity.
The company's product portfolio spans mobile, contactless, point-of-sale (including EMV chip and PIN readers), online checkout, 24x7 analytics, security and fraud protection, multi-currency processing, and the Quick Connect API/gateway integration suite. Underlying technology includes cloud-based terminal software for POS upgrades and the Business Track next-generation online portal for transaction data management. Distribution emphasizes a direct, relationship-based model: merchants submit three months of credit card processing statements, are approved, and are assigned a dedicated personal payment representative, with an in-house solution consultant team supporting SMB quote requests.
The business model is transaction-fee based, with customized quote-based pricing calibrated to each merchant's processing profile. The stated value proposition is cost reduction via the elimination of ISO middlemen, offering rates that most competitors without direct network agreements cannot match. The customer base spans SMB to enterprise across industrial, utilities, and food & beverage/retail verticals. Strategically, the company executed an inorganic expansion via the August 2017 acquisition of Aduno SA, a Swiss payment services provider.
SIX Payment Services firmographics
Firmographics- Name
- SIX Payment Services
- Legal name
- USA Payment Services
- Website
- https://usapaymentservices.com
- Company type
- Private
- Founded year
- 1985
- Operating status
- Operating
- Headcount range
- 251–500 employees
- Short description
- SIX Payment Services is a Zürich-based, privately held payment acquirer founded in 1985 with 251–500 employees. It offers cashless payment processing to merchants of all sizes through direct card-network agreements, eliminating ISO middlemen.
- Ownership category
- akta.pro rank
SIX Payment Services industry classification
Industry- Product category
- Payment Processing Services
- NAICS
- Financial Transactions Processing, Reserve, and Clearinghouse Activities (52232)
- akta.pro primary industry
- Integrated Payment Processors (PSP/Acquirer) (FSAMABAA)
- akta.pro secondary industries
- Card-Present Acquirers (Retail & POS Focus) (FSAMABAC), POS Payment Software & Middleware (Terminal OS, Apps, Device Management) (FSAMADAC), EMV Chip, Magstripe & PIN Debit Acceptance (FSAMADAG)
Keywords
Where SIX Payment Services is headquartered
LocationHeadquarters
- HQ city
- Zürich
- HQ country
- Switzerland
- HQ region
- Europe
Offices1 record
Markets served
SIX Payment Services business model
Business model- GTM type
- B2B
- Offering type
- Software
- Cost components
- Personnel, Technology or R&D, Operations, Marketing or Sales, Infrastructure
Revenue model
- Payment Processing Services: USA PAY operates as a licensed payment acquirer with direct agreements with payment networks (Visa, Mastercard, etc.) and provides payment processing services to merchants, charging transaction fees for processing card payments across mobile, online, and in-store channels.
Pricing tiers
| Model | Billing | Price |
|---|---|---|
| Transaction based/ take rate | Monthly | Customized merchant pricing based on credit card processing statements |
Go-to-market motion1 record
Distribution channels2 records
Marketing channels6 records
SIX Payment Services product offering
Product offeringCore offering
SIX Payment Services (operating as USA PAY) is a licensed payment processing acquirer that processes card transactions for merchants across mobile, contactless, point-of-sale (POS), and online checkout channels. The company is a registered Acquirer of PNC Bank, N.A., with direct agreements with payment networks (Visa, Mastercard, Discover, etc.), enabling it to bypass ISO middlemen and offer competitive merchant pricing. It complements core processing with analytics, security/fraud protection, multi-currency support, and developer APIs for integrations.
Product overview
USA PAY is a licensed payment processing acquirer offering a unified platform with direct agreements with payment networks, eliminating middlemen to provide competitive rates. The product portfolio includes Mobile, Contactless, Point of Sale, Online Checkout, Analytics, Security & Fraud protection, Quick Connect (APIs), and Multi Currency solutions. The platform is enhanced by the Business Track online portal for transaction management, Mobile+ cloud-based app for on-the-go business management, and EMV technology with cloud-based terminal software for POS upgrades.
Differentiator
Problem solved
Functional benefit
Brands
- Business Track: Next-generation online portal for comprehensive reporting and payment transaction data management.
Products and services
- Mobile
Quantifiable outcome
- Atlas Copco saved millions of dollars annually by switching to USA PAY
Companies that use SIX Payment Services
Customer profileNamed customers3 records
Segments2 records
Ideal customer profiles2 records
SIX Payment Services technology and API
TechnologyTechnology focussed Yes
API detail
- Has API
- Yes
- API docs
- API detail
Core technology
AI maturity
App detail
Feature5 records
SIX Payment Services partnerships and signals
Strategic signalPartnerships
One partnership is on record.
- PNC Bank, N.A.coreUSA Payment Services is a registered Acquirer of PNC Bank, N.A., headquartered in Pittsburgh, PA. This partnership provides regulatory backing and banking relationships essential for operating as a payment acquirer in the U.S. market.
Scale indicators4 records
Recent moves6 records
Expansion highlights5 records
SIX Payment Services competitors and assessment
Company assessmentDirect peers
- Heartland Payment Systems: One of the largest US payment acquirers (now part of Global Payments), serving SMB and mid-market merchants with a relationship-led sales model similar to USA PAY. Direct overlap in card-present acquiring, POS hardware, and personalized service.
- North American Bancard: Independent US payment processor and ISO serving SMB and mid-market merchants with customized pricing and dedicated relationship managers. Closely comparable to USA PAY in target segment, sales-led GTM, and statement-analysis-based quoting.
- Helcim: Direct SMB and mid-market acquirer known for transparent, no-hidden-fee pricing and interchange-plus models. Overlaps with USA PAY's 'no hidden fees' positioning and multi-channel (in-person, online, mobile) offering.
- Stax Payments: Subscription-based payment processor targeting SMB and mid-market merchants with transparent pricing and omnichannel capabilities. Comparable in segment focus and in marketing against traditional ISOs/middlemen.
Broad incumbents
- Square (Block, Inc.): Mass-market integrated payments and POS provider with hardware, software, and capital products. Competes with USA PAY in SMB card-present acquiring, but at vastly greater scale and with a stronger software/SaaS layer.
- Stripe: Global payments platform with strong developer-first positioning and online + in-person processing. Overlaps with USA PAY's Quick Connect API and online checkout offerings, but at much larger scale and with significantly deeper developer tooling.
- Fiserv (Clover): Large incumbent payments and financial services provider, with Clover as its integrated POS platform competing directly in SMB acquiring and POS software. Serves similar merchants to USA PAY but as part of a much broader portfolio.
- Global Payments Inc. One of the largest global payment processors and acquirers (parent of Heartland and Worldpay assets), providing direct competition to USA PAY across SMB and enterprise merchant acquiring with extensive international footprint.
Emerging players
- Payment Depot: Subscription-based payment processor (now part of Stax) targeting cost-conscious SMBs. Comparable in pricing-transparency messaging and in attacking the traditional ISO/agent model that USA PAY also bypasses.
- Dharma Merchant Services: Independent US acquirer with mid-market focus, transparent interchange-plus pricing, and direct sales model. Closely mirrors USA PAY's positioning around direct relationships, no middlemen, and competitive rates for underserved merchants.
Market position
Strengths4 records
Weaknesses4 records
Competitive moat4 records
Key risks5 records
Key highlights5 records
Customer concentration
SIX Payment Services social profiles
Digital presenceSIX Payment Services financial estimates
Financial estimateRevenue estimate
Valuation estimate
SIX Payment Services leadership team
Management profileNumber of profiles
SIX Payment Services funding detail
Funding detailFunding overview
Funding rounds
Investors
Funding detail is available on the Subscription and Enterprise plan.Contact sales →
SIX Payment Services M&A and investment
M&A and investmentM&A1 record
Investments
M&A and investment is available on the Subscription and Enterprise plan.Contact sales →
Frequently asked questions about SIX Payment Services
What does SIX Payment Services do?
SIX Payment Services (operating as USA PAY) is a licensed payment processing acquirer that processes card transactions for merchants across mobile, contactless, point-of-sale (POS), and online checkout channels. The company is a registered Acquirer of PNC Bank, N.A., with direct agreements with payment networks (Visa, Mastercard, Discover, etc.), enabling it to bypass ISO middlemen and offer competitive merchant pricing. It complements core processing with analytics, security/fraud protection, multi-currency support, and developer APIs for integrations.
Is SIX Payment Services a public or private company?
SIX Payment Services is a private company. It is classified as founder individual operated bootstrapped and is currently operating.
When was SIX Payment Services founded?
SIX Payment Services was founded in 1985. It employs 251 to 500 people.
Where is SIX Payment Services based?
SIX Payment Services is headquartered in Zürich, Switzerland, in the Europe region.
How does SIX Payment Services make money?
One revenue line is on record: payment Processing Services.
Who are SIX Payment Services's main competitors?
Direct peers on record are Heartland Payment Systems, North American Bancard, Helcim and Stax Payments. Broad incumbents are Square (Block, Inc.), Stripe, Fiserv (Clover) and Global Payments Inc.. Emerging players are Payment Depot and Dharma Merchant Services.
Does SIX Payment Services have an API?
Yes. USA PAY offers dynamic and intuitive APIs through its Quick Connect solution, enabling merchants to integrate payment processing capabilities. The company provides gateway integrations, cloud-based terminal software, and APIs for accepting payments on the go, online, or in-store.
What industry is SIX Payment Services in?
SIX Payment Services'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 FSAMABAC, Card-Present Acquirers (Retail & POS Focus). Its NAICS code is 52232.