Service First Processing
- Company typePrivate
- Founded2010
- HeadquartersBoynton Beach, United States
- Headcount11–50
- GTM typeB2B
- OfferingServices
Service First Processing firmographics
Firmographics- Name
- Service First Processing
- Legal name
- Service First Processing, Inc.
- Website
- https://sfprocessing.com
- Company type
- Private
- Founded year
- 2010
- Operating status
- Operating
- Headcount range
- 11–50 employees
- Ownership category
- akta.pro rank
Service First Processing industry classification
Industry- Product category
- Payment Processing Services
- NAICS
- Computer Systems Design and Related Services (5415)
- SIC
- Services-Computer Integrated Systems Design (7373)
- akta.pro primary industry
- Integrated Payment Processors (PSP/Acquirer) (FSAMABAA)
Keywords
Where Service First Processing is headquartered
LocationHeadquarters
- HQ city
- Boynton Beach
- HQ country
- United States
- HQ region
- North America
Offices1 record
Markets served
Service First Processing business model
Business model- GTM type
- B2B
- Offering type
- Services
- Cost components
- Personnel, Operations, Technology or R&D, Marketing or Sales, Infrastructure
Revenue model
- Payment Processing: Transaction-based fees from processing credit card payments (in-person, online, phone/keyed-in). SFP operates as a registered ISO/MSP for Wells Fargo Bank, Pathward, and Elavon/U.S. Bank.
- AR/AP Automation Services: Subscription or usage-based fees for accounts receivable and payable automation platforms that integrate with ERP systems.
- Surcharge/Dual Pricing Programs: Revenue generated through surcharge or dual pricing models that allow merchants to extend processing costs to customers.
- Integration & Embedded Payments: Revenue sharing arrangements with ERP platforms and ISVs through embedded payment integrations, sharing in transaction-based economics.
Pricing tiers
| Model | Billing | Price |
|---|---|---|
| Transaction based/ take rate | Monthly | Custom pricing based on business type, transaction volume, and processing needs |
Go-to-market motion3 records
Distribution channels4 records
Marketing channels5 records
Service First Processing product offering
Product offeringCore offering
Service First Processing (SFP) is a registered Independent Sales Organization (ISO/MSP) that provides payment processing services combined with integrated accounts receivable and accounts payable automation. The company processes credit card and electronic payments for in-person, online, and mobile channels, and offers AR/AP automation platforms with pre-built ERP connectors (Acumatica, Dynamics 365, Sage, Epicor, NetSuite, QuickBooks) that enable embedded payments and financial workflow automation for business customers.
Product overview
Service First Processing (SFP) offers an integrated payments and financial automation platform comprised of three core products: Digital Payments/Credit Card Processing (for in-person, online, phone, and embedded payments), Accounts Receivable (AR) Automation, and Accounts Payable (AP) Automation. The platform is designed as a unified solution where AR and AP automation work together as one seamless financial flow, with embedded/integrated payment capabilities enabling direct payment processing within ERP systems. Additional add-on modules include Payment Links & Invoicing, Surcharge/Dual Pricing programs, and No Cost Analysis services. The company also provides Merchant Services and Agent Support as part of its go-to-market model.
Differentiator
Problem solved
Functional benefit
Products and services
- Digital Payments / Credit Card Processing Fast, secure credit card processing for in-person, online, and mobile sales. Supports POS terminals, eCommerce gateways, phone/keyed-in payments, and embedded/integrated payment options for ERP and back-end systems. SFP operates as a registered ISO/MSP for Wells Fargo Bank, Pathward, and Elavon/U.S. Bank.
- Accounts Receivable (AR) Automation Automates the accounts receivable process including cashflow visibility, collections workflow, dispute management, ERP reconciliation, self-service payment portals, and real-time reporting dashboards for business customers seeking to streamline receivables.
- Accounts Payable (AP) Automation Automates accounts payable operations including approval workflows, PO and invoice automation, expense management, payment management with virtual cards/ACH/checks, and reconciliation. Targets industrial distributors and other businesses seeking AP automation with claims of 98% fewer payment errors and 80% reduction in data entry.
- Embedded/Integrated Payments API-driven payment integrations for ERP, eCommerce, and back-end systems enabling software platforms to embed payment processing directly within their software. Targeted at ISVs and platforms seeking to become integration partners with pre-built connectors for major ERP platforms.
- Surcharge / Dual Pricing Program Flexible payment processing model allowing merchants to extend surcharge or dual pricing to customers in various locations, helping merchants offset processing costs.
- No Cost Analysis Cost optimization service analyzing merchant processing fees to identify savings, including AMEX Opt-Blue and Level 2/3 data optimization to reduce transaction costs.
Quantifiable outcome
- 98% fewer payment errors
- +8 more outcomes
Companies that use Service First Processing
Customer profileNamed customers5 records
Segments5 records
Ideal customer profiles5 records
Service First Processing technology and API
TechnologyTechnology focussed Yes
API detail
- Has API
- Yes
- API docs
- API detail
Core technology
AI maturity
App detail
Integration7 records
Feature4 records
Service First Processing partnerships and signals
Strategic signalPartnerships
16 partnerships are on record, tiered core.
- AmericanHortcoreTrade association partnership providing payment processing services to horticulture industry members with specialized offerings.
- NAELA (National Association of Estate Lawyers/Eldercare)coreTrade association partnership offering specialized payment solutions to NAELA members.
- EGIA (Electrical Generating Independent Association)coreTrade association partnership providing payment processing and automation services to EGIA members in the electrical/hvac industry.
- CalFlowerscoreTrade association partnership for flower and horticultural distributors offering member-specific payment benefits.
- EASA (Electrical Apparatus Service Association)coreTrade association partnership serving EASA members with automated payment solutions.
- Community Banks NetworkcorePartnership with community banks providing specialized payment offerings to bank customers with unique benefits.
- Spring Point / Payments ConnectcoreTechnology partnership powering the SFP-AP collaborative approach used in customer implementations like Brandon & Clark.
- Wells Fargo Bank, N.A.coreSFP is a registered Independent Sales Organization (ISO) of Wells Fargo Bank, N.A., Concord, CA for payment processing services.
- Pathward, N.A.coreSFP is a registered Independent Sales Organization (ISO) of Pathward, N.A., Sioux Falls, SD for payment processing services.
- Elavon / U.S. Bank National AssociationcoreSFP is an Elavon Payments MSP and Registered MSP/ISO of the Canadian branch of U.S. Bank National Association and Elavon.
- AcumaticacorePre-built ERP integration connector enabling embedded payments within Acumatica platform.
- Microsoft Dynamics 365corePre-built ERP integration connector for Microsoft Dynamics 365 enabling seamless payment processing.
- SagecorePre-built ERP integration connector for Sage accounting platforms.
- EpicorcorePre-built ERP integration connector for Epicor business management solutions.
- NetSuitecorePre-built ERP integration connector for Oracle NetSuite platform enabling integrated payments.
- Intuit QuickBookscorePre-built integration connector for Intuit QuickBooks accounting software.
Scale indicators11 records
Recent moves6 records
Expansion highlights5 records
Service First Processing competitors and assessment
Company assessmentDirect peers
- Stax (formerly Fattmerchant): Subscription-based payment processor and ISO serving SMBs with transparent interchange-plus pricing, closely comparable to SFP's ISO/MSP model and SMB merchant focus.
- Gravity Payments: Independent payment processing ISO focused on SMB merchants with a relationship-driven sales motion and competitive interchange pricing, similar in size and go-to-market to SFP.
- National Processing: Payment processing ISO targeting SMB and mid-market merchants with a multi-bank sponsorship structure and verticalized sales approach that mirrors SFP's ISO model.
- Host Merchant Services: Direct ISO providing credit card processing and POS solutions to SMBs, comparable to SFP in target customer, business model, and reliance on bank sponsorship for transaction processing.
- Payment Depot: Subscription-style payment processor serving small and mid-sized merchants with interchange-plus pricing, similar to SFP's quote-based, SMB-oriented ISO positioning.
Broad incumbents
- Bill.com: Public AP/AR automation platform with integrated B2B payments, directly competing with SFP's AP automation and embedded payments offering at greater scale and with embedded ERP integrations of its own.
- AvidXchange: Established AP automation and B2B payments platform serving mid-market and enterprise customers with deep ERP integrations, overlapping with SFP's AP automation and ERP-embedded payments strategy.
- Stripe: Global payments platform with extensive API-first, embedded-payments, and ERP/platform partnership capabilities that competes with SFP on embedded payments and developer-friendly APIs at much larger scale.
- Block (Square): Broad payments and merchant services incumbent offering POS, card processing, and software-led commerce tools, competing with SFP across SMB merchants and integrated payments.
- Clover (Fiserv): Fiserv's SMB-focused POS and payments platform with an app marketplace and integrated commerce features, comparable to SFP's combined POS/payment-processing and ERP-style automation stack for SMB merchants.
Market position
Strengths4 records
Weaknesses4 records
Competitive moat4 records
Key risks5 records
Key highlights6 records
Customer concentration
Service First Processing compliance and trust
Trust signalCompliance1 record
Service First Processing financial estimates
Financial estimateRevenue estimate
Valuation estimate
Service First Processing leadership team
Management profileNumber of profiles
Service First Processing funding detail
Funding detailFunding overview
Funding rounds
Investors
Funding detail is available on the Subscription and Enterprise plan.Contact sales →
Service First Processing 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 Service First Processing
What does Service First Processing do?
Service First Processing (SFP) is a registered Independent Sales Organization (ISO/MSP) that provides payment processing services combined with integrated accounts receivable and accounts payable automation. The company processes credit card and electronic payments for in-person, online, and mobile channels, and offers AR/AP automation platforms with pre-built ERP connectors (Acumatica, Dynamics 365, Sage, Epicor, NetSuite, QuickBooks) that enable embedded payments and financial workflow automation for business customers.
Is Service First Processing a public or private company?
Service First Processing is a private company. It is classified as founder individual operated bootstrapped and is currently operating.
When was Service First Processing founded?
Service First Processing was founded in 2010. It employs 11 to 50 people.
Where is Service First Processing based?
Service First Processing is headquartered in Boynton Beach, United States, in the North America region.
How does Service First Processing make money?
Four revenue lines are on record. Payment Processing is the primary driver. The others are AR/AP Automation Services, surcharge/Dual Pricing Programs and integration & Embedded Payments.
Who are Service First Processing's main competitors?
Direct peers on record are Stax (formerly Fattmerchant), Gravity Payments, National Processing, Host Merchant Services and Payment Depot. Broad incumbents are Bill.com, AvidXchange, Stripe, Block (Square) and Clover (Fiserv).
Does Service First Processing have an API?
Yes. Service First Processing offers developer-friendly APIs that enable enterprise-grade infrastructure for secure, high-volume payment operations. The APIs support seamless POS and eCommerce connectivity, real-time data exchange and payment status updates, and automation and customization capabilities. They describe their integration framework as supporting secure, high-volume payments with minimal complexity. Integration is available for platforms via an Incoming Integration Request form, suggesting partner/enterprise access. Specific technical details such as protocol type (REST/GraphQL), authentication method, rate limits, or versioning are not publicly documented on the website.
What industry is Service First Processing in?
Service First Processing's product category is Payment Processing Services. Its primary akta.pro industry code is FSAMABAA, Integrated Payment Processors (PSP/Acquirer). Its NAICS code is 5415 and its SIC code is 7373.