Paystri
Paystri is a US-based, privately held payment processor operating as an ISO of Wells Fargo Bank, delivering omnichannel payment acceptance, POS hardware, and embedded payments APIs to SMBs, vertical SaaS platforms, and financial institutions across industries such as laundry, retail, ticketing, and restaurants.
- Company typePrivate
- Founded2005
- HeadquartersSalem, United States
- Headcount11–50
- GTM typeB2B
- OfferingSoftware
What Paystri does
Paystri is a US-based, privately held payment processing company founded in 2005 and headquartered in Salem, Massachusetts. Operating as a registered Independent Sales Organization (ISO) of Wells Fargo Bank, N.A., the company delivers full-service, omnichannel payment acceptance — supporting in-store, online, and mobile transactions — to small and medium-sized businesses, independent software vendors (ISVs), and financial institutions. Its go-to-market is a hybrid model combining consultative direct sales, white-label distribution through banks (e.g., PCSB Bank), embedded payments partnerships with vertical SaaS platforms (Cleantie, Dance Studio Manager, Designer Advantage, PriceIt Software), and an API-first developer channel with public documentation at docs.paystrigateway.com.
The company's core technology is the Paystri Payment Platform, which comprises Virtual Terminal, Hosted Payment Page, API Invoicing, Recurring Billing, SAFE Tokenization, and iOS/Android mobile apps, supplemented by POS hardware offerings from Clover, PAX, Dejavoo, ID Tech, and FD150. Specialized modules include the Small Ticket Program (reducing interchange by ~23% on sub-$10 transactions), Cash Discount Program, Laundry Guard (vertical chargeback and breach insurance), Unattended Payments, eCheck/ACH, and Paystri Cash (merchant cash advance up to $40,000). The platform is PCI DSS compliant, CCPA-aligned, and supports QuickBooks and major e-commerce integrations.
Paystri monetizes through transaction-based processing fees, monthly subscriptions ($9.95-$19.95 tiers), ISV revenue share, POS hardware sales, and merchant cash advance origination. The company competes on vertical specialization (laundry, dry cleaning, ticketing/amusement parks, retail, restaurants), an all-human US-based customer success team with rapid response times, and transparent pricing. Current leadership includes Founder and CEO Jonathan Arst and President Chris Wheeler.
Paystri firmographics
Firmographics- Name
- Paystri
- Legal name
- Paystri, Inc.
- Website
- https://paystri.com
- Company type
- Private
- Founded year
- 2005
- Operating status
- Operating
- Headcount range
- 11–50 employees
- Short description
- Paystri is a US-based, privately held payment processor operating as an ISO of Wells Fargo Bank, delivering omnichannel payment acceptance, POS hardware, and embedded payments APIs to SMBs, vertical SaaS platforms, and financial institutions across industries such as laundry, retail, ticketing, and restaurants.
- Ownership category
- akta.pro rank
Paystri industry classification
Industry- Product category
- Merchant 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
- Merchant-of-Record (MoR) & Payment Facilitation (PayFac) Infrastructure (FSAGABAE), Payouts, Disbursements & Mass Payments Infrastructure (FSAGABAN), Embedded Payments (Pay-ins, Pay-outs, Wallets) (FSAGALAB)
Keywords
Where Paystri is headquartered
LocationHeadquarters
- HQ city
- Salem
- HQ country
- United States
- HQ region
- North America
Offices2 records
Markets served
Paystri 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 Fees: Transaction-based fees charged to merchants for processing credit/debit card payments. The company customizes pricing based on business needs and offers transparent pricing with no hidden fees.
- Monthly Subscription: Subscription-based pricing tiers for payment processing services, with options starting at $9.95 per month for standard plans and $19.95 for plans with additional features like Laundry Guard.
- ISV Revenue Share: Paystri shares revenue with ISV partners who embed payment processing in their software platforms, with revenue share exceeding industry averages.
- POS Hardware Sales: Sale of point-of-sale terminals and card readers from partners including Clover, Pax, Dejavoo, and IDTech.
Pricing tiers
| Model | Billing | Price |
|---|---|---|
| Subscription | Monthly | Standard Payment Processing |
| Subscription | Monthly | Laundry Guard Add-on |
| Hybrid | Monthly | Cash Discount Program |
| Transaction based/ take rate | Pay-as-you-go | Custom Business Pricing |
Go-to-market motion2 records
Distribution channels5 records
Marketing channels6 records
Paystri product offering
Product offeringCore offering
Paystri is a full-service payment processing company providing integrated omnichannel payment acceptance for merchants, ISVs, and financial institutions. Core products include a payment platform with Virtual Terminal, Hosted Payment Page, API Invoicing, Recurring Billing, SAFE Tokenization, mobile apps, and POS hardware from Clover, PAX, Dejavoo, IDTech, and FD150. The company is a registered Independent Sales Organization (ISO) of Wells Fargo Bank, N.A., and generates revenue from transaction processing fees, monthly subscriptions, hardware sales, and ISV revenue sharing.
Product overview
Paystri is a full-service, integrated payment acceptance and technology provider offering the Paystri Payment Platform as its core product with multiple integrated modules and add-on services. The platform comprises Virtual Terminal, Hosted Payment Page, API Invoicing, Recurring Billing, SAFE Tokenization, and Mobile App as core components. Add-on modules include POS Solutions, Cash Discount Program, Small Ticket Program, Laundry Guard, Paystri Cash, Unattended Payments, and eCheck/ACH. The platform is designed for omnichannel acceptance supporting in-store, online, and mobile channels with integrations to Clover POS, PAX, Dejavoo, ID Tech terminals, QuickBooks, and various e-commerce platforms.
Differentiator
Problem solved
Functional benefit
Brands
- Paystri Cash: Merchant cash advance program offering fast financing up to $40,000 for existing Paystri merchant account holders.
- SAFE Tokenization
- Laundry Guard
Products and services
- Paystri Payment Platform
- Virtual Terminal
- Hosted Payment Page
- API Invoicing
- Recurring Billing
- SAFE Tokenization
- Paystri Mobile App
- POS Solutions
- Cash Discount Program
- Small Ticket Program
- Laundry Guard
- Paystri Cash
- Unattended Payments
- eCheck / ACH
Quantifiable outcome
- Small Ticket Program reduces interchange costs by average of 23%, saving 16 cents per transaction
- +4 more outcomes
Companies that use Paystri
Customer profileNamed customers13 records
Segments7 records
Ideal customer profiles6 records
Paystri technology and API
TechnologyTechnology focussed Yes
API detail
- Has API
- Yes
- API docs
- API detail
Core technology
AI maturity
App detail
Integration11 records
Feature9 records
Paystri partnerships and signals
Strategic signalPartnerships
14 partnerships are on record, tiered core and supporting.
- PCSB BankcorePCSB Bank, a boutique commercial bank serving the Lower Hudson Valley since 1871, chose Paystri's cutting-edge merchant services payment processing for their commercial clients.
- CleantiecoreCleantie, a leading ISV serving laundry and drycleaning industries, has partnered with Paystri for integrated payments. The partnership enables Cleantie's clients to accept customer payments seamlessly and at affordable prices through integrated payment processing.
- Dance Studio ManagercoreDance Studio Manager, an ISV serving dance and fitness studios, partners with Paystri for integrated payments. The partnership allows software clients to easily accept customer payments and manage all aspects of their payments acceptance programs using Paystri's technology.
- Designer AdvantagecorePaystri became the exclusive integrated payments partner for Designer Advantage, delivering smart payment solutions to interior design businesses. The partnership aims to help drive profitability, improve customer satisfaction, and streamline operations.
- Wells Fargo Bank, N.A.corePaystri, Inc. is a registered Independent Sales Organization (ISO) of Wells Fargo Bank, N.A., Concord, CA. This relationship enables Paystri to offer merchant payment processing services under Wells Fargo's banking charter.
- PriceIt SoftwarecorePriceIt Software, a leading provider of technology for the screen printing and embroidery industry, partnered with Paystri for integrated payments. The partnership enables PriceIt Software's clients to accept customer payments seamlessly and affordably.
- Gatemaster TechnologycoreThrough partnership with Gatemaster, Paystri offers ticketing technology for amusement parks and event venues. Paystri's USA-based customer service team serves and consults venues nationwide with best-in-class industry professionals.
- Clover NetworksupportingPaystri partners with Clover (a First Data subsidiary) to offer Clover POS solutions including Clover Mini, Flex, Station Solo, Station Duo, Go, and Compact. The Clover name and logo are owned by Clover Network, Inc.
- PaxsupportingPaystri offers PAX payment terminals including A920 SmartMobile and A80 countertop terminals as part of their POS solutions portfolio.
- DejavoosupportingPaystri offers Dejavoo Z8 countertop terminals supporting magstripe, EMV, and contactless payments as part of their terminal options.
- ID TechsupportingPaystri offers ID Tech VP3300 Bluetooth mobile card readers supporting magstripe, chip, and contactless payments via the CardPointe Mobile App.
- FD150supportingPaystri offers FD150 compact payment terminals with Dial, Wi-Fi, and Ethernet connectivity for secure transaction processing.
- Somerset HospitalitysupportingSomerset Hospitality (operator of Somersplash Water Park) partnered with Paystri and Gatemaster for integrated ticketing and payment processing solutions.
- CleantiecoreCleantie and Paystri entered an integrated payments partnership enabling laundromat and dry cleaning businesses to accept payments through the Cleantie platform with Paystri's processing infrastructure.
Scale indicators4 records
Recent moves6 records
Expansion highlights5 records
Paystri competitors and assessment
Company assessmentDirect peers
- Stripe: Stripe offers API-first payment processing, hosted payment pages, recurring billing, and embedded-payments infrastructure for software platforms and merchants — overlapping directly with Paystri's API invoicing, recurring billing, and ISV partner motion.
- Helcim: Helcim is a transparent-pricing payment processor serving SMBs with interchange-plus pricing and integrated tools — directly comparable to Paystri's stated transparent pricing and merchant statement analysis sales approach.
- Payment Depot: Payment Depot is a membership-based, transparent-pricing ISO selling card processing to SMBs — closely aligned with Paystri's ISO model, subscription pricing, and "no hidden fees" positioning.
- Square (Block): Block's Square provides integrated payment processing, POS hardware, and software-led merchant services to SMBs across retail, restaurants, and services verticals — directly comparable to Paystri's core SMB payment-acceptance offering.
- Stax by Fattmerchant: Stax sells subscription-based payment processing to SMBs with transparent, no-hidden-fee pricing — a directly comparable positioning to Paystri's "no hidden fees" subscription-priced standard plan.
- Dharma Merchant Services: Dharma is an ISO-style payment processor focused on SMBs with transparent, interchange-plus pricing and specialized vertical expertise — closely analogous to Paystri's operating model and positioning.
- North American Bancard: North American Bancard is a large ISO offering merchant services, POS solutions, and ISV partnerships to SMBs — comparable in operating model and customer base to Paystri.
Emerging players
- Toast: Toast is a vertical SaaS + payments platform for restaurants; while not a direct Paystri vertical, it competes for the same restaurant and hospitality merchants Paystri lists as a target segment.
Broad incumbents
- Heartland Payment Systems (Global Payments): Heartland, part of Global Payments, is a large merchant acquirer and ISO serving SMBs across multiple verticals with transparent-pricing positioning — a broader incumbent competing in Paystri's core market.
- Clover Network (Fiserv): Clover, owned by Fiserv, is a major POS and merchant-services platform that Paystri resells — competitive with Paystri's own SMB payment-acceptance offering but operates at far greater scale as part of Fiserv's broader payments stack.
Market position
Strengths5 records
Weaknesses5 records
Competitive moat5 records
Key risks6 records
Key highlights7 records
Customer concentration
Paystri compliance and trust
Trust signalCompliance3 records
Paystri financial estimates
Financial estimateRevenue estimate
Valuation estimate
Paystri leadership team
Management profileNumber of profiles
Profiles2 records
Paystri funding detail
Funding detailFunding overview
Funding rounds
Investors
Funding detail is available on the Subscription and Enterprise plan.Contact sales →
Paystri 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 Paystri
What does Paystri do?
Paystri is a full-service payment processing company providing integrated omnichannel payment acceptance for merchants, ISVs, and financial institutions. Core products include a payment platform with Virtual Terminal, Hosted Payment Page, API Invoicing, Recurring Billing, SAFE Tokenization, mobile apps, and POS hardware from Clover, PAX, Dejavoo, IDTech, and FD150. The company is a registered Independent Sales Organization (ISO) of Wells Fargo Bank, N.A., and generates revenue from transaction processing fees, monthly subscriptions, hardware sales, and ISV revenue sharing.
Is Paystri a public or private company?
Paystri is a private company. It is classified as founder individual operated bootstrapped and is currently operating.
When was Paystri founded?
Paystri was founded in 2005. It employs 11 to 50 people.
Where is Paystri based?
Paystri is headquartered in Salem, United States, in the North America region.
How does Paystri make money?
Four revenue lines are on record. Payment Processing Fees are the primary driver. The others are monthly Subscription, ISV Revenue Share and POS Hardware Sales.
Who are Paystri's main competitors?
Direct peers on record are Stripe, Helcim, Payment Depot, Square (Block), Stax by Fattmerchant, Dharma Merchant Services and North American Bancard. Toast is listed as an emerging player. Broad incumbents are Heartland Payment Systems (Global Payments) and Clover Network (Fiserv).
Does Paystri have an API?
Yes. Paystri offers a flexible API that enables software developers to integrate payment processing into their software and POS systems. The API supports omnichannel payment acceptance including card-present and card-not-present transactions. Documentation is available at docs.paystrigateway.com/api/v2. Developer documentation is at docs.paystrigateway.com/api/v2.
What industry is Paystri in?
Paystri's product category is Merchant Payment Processing Services. Its primary akta.pro industry code is FSAMABAA, Integrated Payment Processors (PSP/Acquirer), with a secondary code of FSAGABAE, Merchant-of-Record (MoR) & Payment Facilitation (PayFac) Infrastructure. Its NAICS code is 52232.