i3 Commerce Technology

What i3 Commerce Technology does

i3 Commerce Technology, operating as Payroc (legal entity Payroc WorldAccess, LLC), is a US-headquartered payment processing platform founded in 1999 and based in Santa Barbara. The company operates as a registered Independent Sales Organization (ISO), Encryption Support Organization (ESO), Payment Facilitator (PF), Third-Party Servicer (TPS), Merchant Service Provider (MSP), and Third-Party Agent (TPA) across eight sponsor banks, including Fifth Third, PNC, Wells Fargo, Citizens, Merrick, Woodforest, KeyBank, and Peoples Trust, providing the regulatory and banking infrastructure required for payment acceptance at scale.

Payroc's core product is a unified omnichannel payment technology platform anchored by the Payroc Gateway and a unified API, supplemented by modules including virtual terminal, ACH, payment links, Payroc Cloud (POS cloud integration), Roc Terminal+, Roc Services, Roc Giving, Global Payment Orchestration, Invoicing and Billing, Pricing Programs, and the recently launched Integration Essentials for SaaS platforms. The platform also exposes dedicated Payments, Boarding, Funding, and Reporting APIs, alongside partner tooling (Payroc Insights, MSPWare, Sales Portal) and developer documentation. A single AI-branded product, Bodega Ai, targets independent retail operations.

The company generates revenue primarily through transaction-based fees on payment processing volume and through residual revenue sharing with channel partners. At scale, Payroc processes approximately $125B in annual payment volume across 789M+ transactions and serves 190K+ merchant clients in the United States, Canada, the United Kingdom, and Puerto Rico. Go-to-market is a hybrid of API-first embedded payments for ISVs/SaaS platforms, a channel-led motion through ISOs, referral partners, and financial institutions (including community banks such as KS Bank, BlueHarbor Bank, and American National Bank and Trust), and direct enterprise field sales supported by consultant-led free rate reviews.

Name

i3 Commerce Technology

Legal name

Payroc WorldAccess, LLC

Website

https://i3commercetech.com

Company type

Private

Founded year

1999

Operating status

Operating

Headcount range

1,001–5,000 employees

Short description

i3 Commerce Technology (Payroc) is a US-headquartered payment processing platform and registered ISO that provides a unified omnichannel gateway, embedded payments API, and POS tooling for ISVs/SaaS platforms, ISOs, financial institutions, and 190K+ merchants across the US, Canada, the UK, and Puerto Rico.

Ownership category

akta.pro rank

Product category

Payment Processing Services

NAICS

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

SIC

Services-Computer Programming, Data Processing, Etc. (7370)

akta.pro primary industry

Integrated Payment Processors (PSP/Acquirer) (FSAMABAA)

akta.pro secondary industries

Marketplace / Platform Acquiring (PayFac & Sub-Merchant Management) (FSAMABAF), Processor-Agnostic / White-Label Acquiring Platforms (Acquiring-as-a-Service) (FSAMABAI), Merchant Payment Gateways (API/Hosted Checkout) (FSAMACAA), Embedded Payments (Pay-ins, Pay-outs, Wallets) (FSAGALAB)

Keywords

• Payment processing platform
• Embedded payments API
• Merchant services solutions
• Independent sales organization
• Point of sale systems

Headquarters

HQ city

Santa Barbara

HQ country

United States

HQ region

North America

Markets served

GTM type

B2B

Offering type

Software

Cost components

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

Revenue model

1. Payment Processing Fees: Transaction-based fees charged on payment processing volume. The company processes $125B annual volume across 789M+ annual transactions.
2. Partner/Reseller Revenue Sharing: Revenue sharing model with channel partners (ISOs, referral partners, ISVs) who resell payment services to merchants, generating residual income for partners

Pricing tiers

Go-to-market motion3 records

Distribution channels6 records

Marketing channels6 records

Core offering

i3 Commerce Technology operates a full-stack omnichannel payment processing platform (Payroc) that lets merchants, ISVs/SaaS providers, ISOs, referral partners, and financial institutions accept, process, and embed card and electronic payments across in-person, mobile, ecommerce, and unattended channels. Its offering centers on the Payroc Gateway and a unified API, supplemented by point-of-sale (Roc Services, Roc Terminal+, Bodega Ai), value-added modules (Virtual Terminal, ACH, Payment Links, Pricing Programs, Global Payment Orchestration, Invoicing and Billing, Roc Giving), and integration tools (Integration Essentials, Payments/Boarding/Funding/Reporting APIs).

Product overview

Payroc is a full-stack payment processing platform built for partners, offering a unified technology platform with multiple integrated modules. The core Payroc Gateway serves as the foundational payment processing engine, supplemented by specialized solutions including Virtual Terminal, ACH, Payroc Cloud, Payment Links, Pricing Programs, Roc Giving, Global Payment Orchestration, and Invoicing and Billing. The platform includes Point of Sale solutions (Roc Services, Roc Terminal+, Terminals, Bodega Ai) and a comprehensive developer ecosystem (APIs, Integration Essentials, Payments API, Boarding API, Funding API, Reporting API, Developer Docs). The company also provides operational tools like Payroc Insights, MSPWare, and Sales Portal for partner management. Statistics show 789M+ annual transactions, $125B annual volume, 190K+ clients, and 1,340 global operations team.

Differentiator

Problem solved

Functional benefit

Brands

• Roc Services: Schedule jobs, send invoices - point of sale solution for service businesses.
• Roc Terminal+
• Roc Giving
• Payroc Cloud
• Bodega Ai
• Integration Essentials

Products and services

• Payroc Gateway
• Virtual Terminal
• ACH
• Payroc Cloud
• Payment Links
• Pricing Programs
• Roc Giving
• Global Payment Orchestration
• Invoicing and Billing
• Roc Services
• Roc Terminal+
• Terminals
• Bodega Ai
• Integration Essentials
• Payroc APIs

Quantifiable outcome

• $125B annual payment volume processed across 789M+ transactions
• +2 more outcomes

Named customers7 records

Segments6 records

Ideal customer profiles4 records

Technology focussed Yes

API detail

Has API

Yes

API docs

API detail

Core technology

AI maturity

App detail

Integration7 records

Feature9 records

Partnerships

Eight partnerships are on record, tiered core.

• Fifth Third BankcoreChannel Partner/ Reseller/ DistributorPayroc is a registered Independent Sales Organization (ISO) of Fifth Third Bank, N.A., Cincinnati, OH. This partnership enables Payroc to offer payment processing services under Fifth Third's banking charter.
• PNC BankcoreChannel Partner/ Reseller/ DistributorPayroc is a registered ISO of PNC Bank, N.A., Pittsburgh, PA, enabling payment services under PNC's banking relationship.
• Wells Fargo BankcoreChannel Partner/ Reseller/ DistributorPayroc is a registered ISO of Wells Fargo Bank, N.A., Concord, CA and Canadian Branch, Toronto, ON, providing dual-country payment processing capabilities.
• Citizens BankcoreChannel Partner/ Reseller/ DistributorPayroc is a registered ISO of Citizens Bank, N.A., Providence, RI, expanding payment processing reach through this banking partnership.
• Merrick BankcoreChannel Partner/ Reseller/ DistributorPayroc is a registered ISO of Merrick Bank Corporation, South Jordan, UT, supporting payment services through this card issuer relationship.
• Woodforest National BankcoreChannel Partner/ Reseller/ DistributorPayroc is a registered ISO of Woodforest National Bank, The Woodlands, TX, enabling payment processing through this community banking relationship.
• KeyBankcoreChannel Partner/ Reseller/ DistributorPayroc is a registered ISO of KeyBank, N.A., Cleveland, OH, providing another banking partner for payment processing services.
• Fifth Third Bank, Peoples Trust Company, PNC Bank, Wells Fargo, Citizens Bank, Merrick Bank, Woodforest National Bank, KeyBankcoreChannel Partner/ Reseller/ DistributorPayroc is registered as an Encryption Support Organization (ESO), Payment Facilitator (PF), Third-Party Servicer (TPS), Merchant Service Provider (MSP), and Third-Party Agent (TPA) of multiple banking partners, enabling comprehensive payment processing services across the US and Canada.

Scale indicators4 records

Recent moves5 records

Expansion highlights5 records

Broad incumbents

• Adyen: Adyen is a global enterprise-grade payment processor offering unified commerce, gateway, and orchestration capabilities. Comparable to Payroc's Global Payment Orchestration and gateway suite but operating at materially larger scale and with broader enterprise/enterprise-platform coverage.
• Fiserv: Fiserv is one of the largest US payment processors and merchant acquirers, serving banks and merchants at scale. Comparable to Payroc as a payment processor/ISO sponsor and acquirer, with Payroc operating as a downstream partner in Fiserv's ecosystem.
• Worldpay: Worldpay is a global merchant acquirer and payment processor serving large enterprises and SMBs. Comparable to Payroc's gateway and acquiring services, but at a much larger scale and with broader geographic coverage.

Direct peers

• Block (Square): Block (Square) provides integrated POS systems and payment processing for SMBs and merchants. Comparable to Payroc in offering gateways, terminals, and ISV/ISO channel economics, though at significantly greater scale and with proprietary hardware/software stacks.
• Gravity Payments: Gravity Payments is an independent credit card processor serving SMBs and ISV/SaaS partners. Comparable to Payroc in operating as an ISO with multiple sponsor banks and a partner-led GTM targeting mid-market merchants.
• PaymentCloud: PaymentCloud is an ISO/agent-focused payment processor targeting high-risk and e-commerce merchants. Comparable to Payroc's ISO/agent business model and partner-channel distribution, though with a different vertical focus.
• Stripe: Stripe is the dominant modern payment processor and embedded-payments platform for SaaS and internet businesses. Both Stripe and Payroc compete for ISV/SaaS payment integration volume through unified APIs, with Stripe setting the benchmark in developer experience.
• Stax (by Fiserv): Stax is a SaaS-focused payment facilitator offering integrated payments for software platforms and ISVs. Directly comparable to Payroc's Integration Essentials positioning toward embedded payments, and was acquired by Fiserv in 2021 for approximately $1B at a similar growth profile.
• Helcim: Helcim is an ISV-focused and merchant-direct payment processor offering transparent pricing and integrated payments. Comparable to Payroc in serving SaaS platforms and merchant acquirer operations, with similar geographic concentration in North America.
• Host Merchant Services: Host Merchant Services is an independent ISO/payment processor serving SMBs and ISV partners. Closely comparable to Payroc in the ISO model, sponsor-bank structure, and partner-channel distribution approach.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat5 records

Key risks6 records

Key highlights7 records

Customer concentration

• Xx.com/i3commercetech
• Facebookfacebook.com/i3commercetech
• LinkedInlinkedin.com/company/i3commercetech

Compliance7 records

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 i3 Commerce Technology