Turnkey Processing

What Turnkey Processing does

Turnkey Processing, LLC is a Meriden, Connecticut-based merchant services and payment processing company operating as a registered Independent Sales Organization of Wells Fargo Bank and Citizens Bank. The company sells credit card processing and merchant accounts to small and medium businesses, with primary verticals in beauty/grooming (salons, barbershops, med-spas) and restaurants, supported by multi-platform POS resale across Clover (primary/FiServ), Square, SkyTab, OrderCounter, Korona, RPower, and PAR. Underlying technology is largely third-party POS with a layer of trademarked proprietary tools — Payzero Club, Swipe Points, Potado, and FreeMenu Designs — designed to add merchant loyalty and operational features on top of standard processing.

The business operates a dual-shore model: US-based direct sales and customer support in Connecticut, paired with a Philippines operations hub established in 2018 that handles back-office and offshoring services for both internal use and external clients. This structure reportedly delivered 50–75% per-employee cost savings and quadrupled the payments division over five years. Revenue is generated through a mix of transaction fees and residuals on payment processing, hardware margins on POS equipment resale, subscription-based applications, and professional services fees for staff offshoring, marketing, and bookkeeping. Go-to-market is primarily direct sales with personalized consultation, supplemented by a referral partner program with residual commissions and self-serve digital quote/demo requests.

Founded circa 2008 (Terms of Use dated 2015), the company is privately held with no disclosed institutional investors, funding rounds, or M&A activity, and is led by co-founder and CIO Neri Gudaitis. The firm has been recognized as a Best Place to Work in Connecticut in 2025 and #1 in 2026, and carries PCI DSS-aligned merchant compliance positioning. The productized offshoring arm (turnkeyoffshoring.com), marketing services, bookkeeping, and business funding lines extend the company's addressable offering beyond pure merchant acquiring into a broader SMB operations stack.

Name

Turnkey Processing

Legal name

Turnkey Processing, LLC

Website

https://processwithturnkey.com

Company type

Private

Founded year

2008

Operating status

Operating

Headcount range

11–50 employees

Short description

Turnkey Processing, LLC is a Connecticut-based merchant services ISO that resells Clover, Square, and other POS systems while providing payment processing, offshoring, bookkeeping, and marketing services to small and medium businesses, primarily in beauty, restaurant, and service verticals.

Ownership category

akta.pro rank

Product category

Payment Processing Services

NAICS

Sales Financing (52222), Financial Transactions Processing, Reserve, and Clearinghouse Activities (522320)

SIC

Miscellaneous Business Credit Institution (6159)

akta.pro primary industry

Merchant-of-Record (MoR) & Payment Facilitation (PayFac) Infrastructure (FSAGABAE)

akta.pro secondary industry

Channel/Partner Sales Support (Reseller Enablement, Deal Reg) (BPAAADAH)

Keywords

• Payment processing services
• Merchant services
• Point of sale systems
• Business process outsourcing
• POS reselling

Headquarters

HQ city

Meriden

HQ country

United States

HQ region

North America

Offices3 records

Markets served

GTM type

B2B

Offering type

Services

Cost components

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

Revenue model

1. Merchant Services and Payment Processing: Core revenue from payment processing, merchant services, POS system sales, and transaction fees. Turnkey is a registered ISO of Wells Fargo Bank and Citizens Bank, providing payment processing solutions.
2. Subscription-based Applications: Revenue from proprietary subscription-based apps and software solutions including Payzero Club membership benefits.
3. POS Equipment and Software Sales: Sales of POS hardware, software licenses, and related equipment through reseller partnerships with Clover, Square, and other vendors.
4. Offshoring Services: Staff offshoring solutions providing access to offshore talent at reduced labor costs, positioning Turnkey as intermediary between clients and international workforce.

Pricing tiers

Go-to-market motion3 records

Distribution channels5 records

Marketing channels6 records

Core offering

Turnkey Processing, LLC provides merchant services and payment processing solutions for small and medium businesses, operating as a registered Independent Sales Organization (ISO) of Wells Fargo Bank and Citizens Bank. The company resells and supports multiple point-of-sale platforms (Clover, Square, SkyTab, OrderCounter, Korona, RPower, PAR) and complements these with proprietary subscription apps (Payzero Club, Swipe Points, Potado, FreeMenu Designs) and back-office services including offshoring, marketing, and bookkeeping.

Product overview

Turnkey Processing is a merchant services and payment processing company offering a portfolio of POS systems and business solutions. Their core offering centers on merchant services including credit card processing, combined with multiple POS platform options (Clover POS as primary, plus Square, SkyTab, OrderCounter, Korona, RPower, and PAR POS as alternatives). Supplementary services include online/software solutions, countertop and mobile hardware, offshoring services for building offshore teams, marketing services, bookkeeping, and membership benefits through Payzero Club. They also offer branded products including Swipe Points loyalty program and Potado technology solutions. The company operates as a registered ISO of Wells Fargo Bank and Citizens Bank.

Differentiator

Problem solved

Functional benefit

Brands

• Payzero Club: Member benefit program offering business services and partner company access.
• Swipe Points
• Potado
• FreeMenu Designs
• Remarkablism

Products and services

• Merchant Services Core payment processing and merchant account services for small and medium businesses, provided through Turnkey Processing's status as a registered ISO of Wells Fargo Bank and Citizens Bank.
• Clover POS Resold Clover point-of-sale system for retail, restaurant, and service businesses, including countertop and mobile hardware bundles and the Clover app marketplace.
• Square POS Resold Square point-of-sale system targeted at small businesses, with bundled payment processing and hardware.
• SkyTab POS Resold SkyTab POS system geared toward restaurant and hospitality operators, paired with Turnkey Processing's merchant services.
• OrderCounter POS Resold OrderCounter point-of-sale system, positioned as an option for restaurants and quick-service operators.
• Korona POS Resold Korona point-of-sale and back-office solution for ticketing, attractions, and retail operators.
• RPower POS Resold RPower point-of-sale system for full-service restaurants, with front-of-house and back-office functionality.
• PAR POS Resold PAR point-of-sale system offered to operators seeking an established enterprise-style POS alternative.
• Clover Scheduler Resold Clover Scheduler appointment-booking app for appointment-driven merchants such as salons, barbers, and service businesses.
• Online & Software Solutions Online ordering, gift card, and digital storefront solutions layered on top of Turnkey Processing's POS and merchant services offerings.
• Countertop & Mobile Hardware Physical POS hardware (countertop terminals and mobile card readers) sold by Turnkey Processing alongside its merchant accounts.
• Payzero Club Proprietary subscription-based service offered to Turnkey Processing merchants, providing bundled merchant services benefits and rewards.
• Swipe Points Proprietary loyalty and rewards program tied to payment processing volume for Turnkey Processing merchants.
• Potado Proprietary application offered by Turnkey Processing to support merchant operations and customer engagement.
• FreeMenu Designs Proprietary menu design service for restaurant operators, offered as a complementary tool to Turnkey Processing's POS customers.
• Kitchen Display System (KDS) Kitchen Display System software sold by Turnkey Processing to replace paper tickets in restaurant kitchens.
• Offshoring Services Offshore staffing service in which Turnkey Processing recruits, trains, and manages remote back-office staff for small and medium businesses, with claims of top-5% offshore talent and significant cost savings.
• Marketing Services Marketing services for SMBs, packaged with Turnkey Processing's payment processing and POS offerings.
• Bookkeeping Services Bookkeeping and back-office accounting services for small and medium businesses, supported by Turnkey Processing's offshore staffing arm.
• Referral Partner Program Formal referral program through which partners can earn commissions by referring merchants to Turnkey Processing's payment processing and POS offerings.

Quantifiable outcome

• Reduce no-shows by 20-30% with automated reminders
• +3 more outcomes

Named customers6 records

Segments4 records

Ideal customer profiles3 records

Technology focussed Yes

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Integration2 records

Feature5 records

Partnerships

One partnership is on record.

• Clover Network, Inc. (FiServ)coreTechnology or IntegrationClover trademark and logo owned by Clover Network, Inc., a FiServ company. Turnkey is an authorized Clover reseller providing Clover POS hardware, software, installation, and support services.

Scale indicators5 records

Recent moves7 records

Expansion highlights6 records

Direct peers

• Helcim: Direct payment processor for SMBs combining interchange-plus pricing with software tools; competes for the same small-business merchant accounts Turnkey serves, especially in services and retail.
• Toast: Vertically focused restaurant POS and payments platform; Turnkey targets the same restaurant vertical with Clover/KDS-based solutions, making Toast the most relevant vertical-overlap peer.
• Payment Depot: Membership-style payment processor offering interchange-plus pricing to SMBs; competes on cost transparency in the same merchant segments Turnkey serves.
• Heartland Payment Systems (Global Payments): Established SMB-focused payment processor with an ISO channel and POS partnerships; directly comparable processing, POS resale, and merchant-services economics.
• Stax Payments: Subscription-based payment processor targeting SMBs with transparent interchange-plus pricing and integrated software; competes head-to-head with Turnkey for the same restaurant, retail, and service merchant accounts.
• North American Bancard: One of the largest independent ISO/merchant services providers in the US, operating an almost identical business model to Turnkey—registering merchants, reselling POS hardware and software, and earning residual processing revenue from sponsor banks.
• Dharma Merchant Services: SMB-focused ISO/payment processor with similar sponsorship and reseller economics; competes for the same small-business merchant accounts across retail, restaurant, and service verticals.

Broad incumbents

• Clover Network (Fiserv): Fiserv-owned POS platform that Turnkey resells and supports; overlaps with Turnkey's core Clover deployment services and represents both a partner and competitive threat.
• Lightspeed Commerce: Restaurant and retail POS with integrated payments; comparable to Turnkey's restaurant and service-industry POS scope but at meaningfully greater scale and software depth.
• Block (Square): Scaled SMB payments and POS incumbent whose Square hardware and software Turnkey also resells; competes with Turnkey on direct merchant acquisition while simultaneously being a platform partner.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat5 records

Key risks6 records

Key highlights7 records

Customer concentration

• YouTubeyoutube.com/@beturnkey
• Facebookfacebook.com/beturnkey
• Instagraminstagram.com/beturnkey
• Xx.com/beturnkey

Compliance1 record

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 Turnkey Processing