PayAnywhere

What PayAnywhere does

PayAnywhere (legal entity NorthAB, LLC; DBA of EPX) is a US-only, all-in-one payment processing and POS platform founded in 2010 and headquartered in Troy, Michigan, with 501-1,000 employees. It enables small and medium-sized businesses to accept credit and debit card payments in-store, online, and on-the-go via iPhone, Android, and iPad, supplemented by a hardware lineup that includes mobile Bluetooth readers, smart terminals, and dual-screen Smart POS+ countertop systems. The software stack combines a free mobile and web app with the Payments Hub merchant portal — covering invoicing (one-time and recurring), virtual terminal, inventory, employee, customer management, real-time reporting, and PCI Plus compliance tooling — and a Developer Hub API (developer.north.com) for embedded payments.

The business operates as a payment facilitator under EPX and is a registered ISO of four sponsor banks (BMO Harris N.A., Citizens Bank N.A., The Bancorp Bank, and FFB Bank). Revenue is generated primarily through transaction-based discount rates (qualified, mid-qualified, and non-qualified tiers, plus interchange-plus pricing), with secondary streams from hardware sales and free placement (with monthly license fees), per-transaction and monthly fees (PCI, chargeback, retrieval, inactivity, and monthly minimums), and ACH processing. The go-to-market is product-led growth: merchants self-onboard via the website, supported by an agent referral channel and a website with industry-specific landing pages targeting verticals such as retail, mobile services, QSR, automotive, CBD, health and beauty, medical services, food trucks, and professional services.

Name

PayAnywhere

Legal name

NorthAB, LLC

Website

https://payanywhere.com

Company type

Private

Founded year

2010

Operating status

Operating

Headcount range

501–1,000 employees

Short description

PayAnywhere is a US-only, all-in-one payment processing and POS platform that lets small and mobile businesses accept card payments in-store, online, and on the go via mobile app, smart hardware, and the Payments Hub merchant portal.

Ownership category

akta.pro rank

Product category

Payment Processing

NAICS

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

Embedded Payments (Pay-ins, Pay-outs, Wallets) (FSAGALAB), Merchant-of-Record (MoR) & Payment Facilitation (PayFac) Infrastructure (FSAGABAE), Merchant Payment Gateways (API/Hosted Checkout) (FSAMACAA)

Keywords

• Payment processing platform
• Mobile point of sale
• Credit card processing
• POS hardware devices
• Merchant payment services

Headquarters

HQ city

Troy

HQ country

United States

HQ region

North America

Offices1 record

Markets served

GTM type

B2B

Offering type

Software

Cost components

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

Revenue model

1. Payment Processing Transaction Fees: PayAnywhere charges transaction/discount rates on credit and debit card payments processed through its platform. Fees vary based on qualification criteria - qualified, mid-qualified, and non-qualified discount rates apply depending on transaction type (card-present, keyed, business/commercial cards). The company also charges additional fees for non-compliance with PCI DSS and other services.
2. Hardware Sales and Placement: Hardware devices including Smart POS systems, Smart Terminals, and Mobile Readers are available for purchase or free placement. Placed hardware requires return upon termination; purchased hardware becomes merchant property. Monthly license fees apply to placed equipment plus applicable sales/use taxes.
3. Monthly and Per-Transaction Fees: Merchants pay monthly fees, per-transaction communication fees, PCI compliance fees, chargeback fees, re-presentment fees, retrieval fees, and monthly minimum fees if processing volume thresholds are not met. Account inactivity fees of $3.99 apply after 12 months of no transactions.
4. ACH Processing Services: ACH processing services for electronic funds transfers, with separate reserve account requirements and fees passed through from payment networks.

Pricing tiers

Go-to-market motion1 record

Distribution channels3 records

Marketing channels4 records

Core offering

PayAnywhere is an all-in-one payment acceptance platform that enables businesses to accept credit and debit card payments across in-store, online, and mobile channels. The platform combines free payment processing software (iOS/Android apps) with proprietary hardware including Smart POS+ systems, terminals, and mobile card readers, plus value-added modules like Tap to Pay on iPhone, invoicing, virtual terminal, and inventory management. Backed by ISO sponsorship through BMO Harris, Citizens Bank, The Bancorp Bank, and FFB Bank, the company serves SMB merchants with transparent interchange-plus and tiered pricing, next-day funding, and PCI DSS compliant processing.

Product overview

PayAnywhere is a single unified all-in-one payments platform combining free software with hardware and low transaction rates. The core PayAnywhere platform integrates with the Payments Hub merchant portal for account management, and together they power four primary payment channels: In-Store (retail countertop), Mobile (on-site/job site), Online (invoicing/virtual terminal), and Quick Service Restaurants. The product portfolio includes six software modules (Invoices, Virtual Terminal, Funding, Inventory, Customer Management, Employees, Reporting, Tap to Pay on iPhone) and five hardware devices (3-in-1 Reader, Terminal, Keypad, PINPad Pro, Flex, Smart POS+) designed for different business environments.

Differentiator

Problem solved

Functional benefit

Brands

• Payments Hub: The online merchant portal empowering smarter business decisions, providing deposit viewing, transaction management, dispute chargebacks handling, and real-time reporting capabilities.

Products and services

• PayAnywhere (Mobile App and Online Platform) Free mobile (iOS/Android) and online checkout payment processing application that enables SMB merchants to accept credit and debit cards, manage items, customers, and run reports from a phone, tablet, or web browser. Sells as a free download with pricing generated via per-transaction processing fees.
• Payments Hub Cloud-based merchant portal that provides real-time transaction reporting, inventory management, item tracking, and account administration for PayAnywhere merchants across desktop and mobile.
• Developer API API and SDK offering allowing developers to integrate PayAnywhere's payment processing infrastructure into custom web, mobile, and SaaS applications, supporting tokenization, recurring billing, and embedded checkout.
• Smart POS+ Dual-screen point-of-sale system with merchant and customer-facing displays, integrated receipt printer, and full register functionality for retail and restaurant SMBs.
• Smart Terminals Countertop payment terminals that accept EMV chip, magstripe, and contactless payments as a standalone countertop device for SMB merchants.
• Mobile Readers (3-in-1 Reader) Bluetooth mobile card readers that pair with the PayAnywhere app to accept EMV chip, magstripe swipe, and contactless tap payments from a phone or tablet for on-the-go merchants.
• Terminal Standard countertop payment terminal that accepts chip and swipe card payments for SMB merchants needing a basic countertop device.
• Keypad Compact PIN-entry keypad companion device used to accept PIN-based debit and EMV transactions alongside PayAnywhere POS hardware.
• PINPad Pro Premium PIN pad device providing enhanced PIN entry and customer-facing payment experience for SMB merchants using PayAnywhere POS systems.
• Flex Mobile point-of-sale device designed for portability, combining card acceptance with mobile POS functionality for SMBs in field services, delivery, and on-the-go service businesses.

Segments6 records

Ideal customer profiles3 records

Technology focussed Yes

API detail

Has API

Yes

API docs

API detail

Core technology

AI maturity

App detail

Feature5 records

Partnerships

Six partnerships are on record, tiered core.

• BMO Harris N.A.coreOthersBMO Harris N.A., Chicago, IL is a registered ISO (Independent Sales Organization) for PayAnywhere. As a bank sponsor, BMO Harris provides the banking infrastructure and card network sponsorship that enables PayAnywhere to process Visa and MasterCard transactions.
• Citizens Bank N.A.coreOthersCitizens Bank N.A., Providence, RI is a registered ISO for PayAnywhere, providing bank sponsorship for payment processing services and card network relationships.
• The Bancorp BankcoreOthersThe Bancorp Bank, Philadelphia, PA is a registered ISO for PayAnywhere, enabling card processing through its banking relationships and card network sponsorship.
• FFB BankcoreOthersFFB Bank, Fresno, CA is a registered ISO for PayAnywhere, providing additional banking sponsorship capacity for payment processing operations.
• EPX (EPX Acquisition Company, LLC)coreOthersEPX Acquisition Company, LLC d/b/a EPX serves as the Agent and Processing Partner for PayAnywhere merchants. EPX provides the payment processing infrastructure, merchant portal (Payments Hub), and day-to-day processing services. PayAnywhere operates as a registered DBA of EPX.
• Card Networks (Visa, Mastercard, Discover, American Express, JCB, PayPal)coreTechnology or IntegrationPayAnywhere processes transactions across major card networks including Visa, Mastercard, Discover, American Express, JCB, and PayPal. Merchants gain access to accept all major card types through these network relationships.

Scale indicators1 record

Recent moves1 record

Expansion highlights5 records

Direct peers

• Square (Block): Square is the closest direct competitor to PayAnywhere, offering an all-in-one payments platform with POS, mobile readers, Tap to Pay on iPhone, online invoicing, and a merchant portal targeting SMBs across retail, services, and food. The product positioning, pricing models, and merchant personas almost entirely overlap.
• Clover (Fiserv): Clover is a directly competing SMB POS and payments platform offering countertop terminals, mobile readers, app marketplace, and online ordering for retail and restaurant SMBs, with virtually the same product surface area as PayAnywhere's hardware and software portfolio.
• SumUp: SumUp competes directly in mobile-first card acceptance, low-cost hardware, and Tap to Pay on iPhone/Android for SMBs and mobile entrepreneurs, mirroring PayAnywhere's mobile and countertop offerings with a similar freemium/transparent-pricing approach.
• PayPal Zettle: Zettle is PayPal's SMB POS and mobile payments line, offering card readers, Tap to Pay on iPhone, POS software, and invoicing aimed at small merchants, directly comparable to PayAnywhere's in-store and mobile product lines.
• Stripe Terminal: Stripe Terminal provides card readers and in-person payment integrations alongside Stripe's online payments stack, targeting SMBs and platforms that need unified online and in-person acceptance, which overlaps PayAnywhere's omnichannel positioning.

Emerging players

• Helcim: Helcim is a SMB-focused merchant services provider offering transparent interchange-plus pricing, virtual terminal, online payments, and hardware, comparable to PayAnywhere on SMB pricing transparency and online/in-person acceptance.
• Stax by Fattmerchant: Stax offers subscription-based payment processing with interchange-plus pricing, virtual terminal, and hardware for SMBs, closely comparable to PayAnywhere on pricing model, transparency, and SMB target market.

Broad incumbents

• Toast: Toast is a broader restaurant-focused POS and payments incumbent that overlaps with PayAnywhere's QSR module on hardware, software, and processing for food-service SMBs, though Toast operates as a vertical specialist rather than horizontal SMB.
• Lightspeed Commerce: Lightspeed provides POS and payments for retail and restaurant SMBs with hardware and software suites, overlapping with PayAnywhere's in-store retail and QSR product lines as a broader incumbent in the same merchant category.
• Heartland Payment Systems (Global Payments): Heartland is a large US payment processor and ISO with SMB merchant services, POS, and ISO/reseller programs, providing a comparable ISO-and-sponsor structure and SMB target segment to PayAnywhere's EPX/DBA model.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat5 records

Key risks6 records

Key highlights6 records

Customer concentration

• Xx.com/payanywhere
• Facebookfacebook.com/payanywhere
• LinkedInlinkedin.com/company/payanywhere

Compliance2 records

Revenue estimate

Valuation estimate

Number of profiles

Profiles1 record

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 PayAnywhere