What Payment Services does

Payment Services LLC is a privately held, Memphis-based Independent Sales Organization (ISO) registered to Wells Fargo Bank, N.A. (Concord, CA) that provides payment processing services to U.S. small and mid-sized merchants. The company sits as a sales-and-distribution intermediary between merchants and underlying bank/processor rails rather than as a principal acquirer: it sells merchant accounts, leases or resells payment terminals (Verifone, Hypercom, Ingenico, Nurit, Thales, FD100, Exadigm), and routes transactions through one of six processors (Paymentech, Vital, Buypass, Global, Nova, First Data). Revenue mechanics rest on interchange-plus pricing, residual income split with Financial Institution partners that refer merchants, equipment margin on hardware sales, and merchant cash advance fees recouped automatically from future card receipts.

The platform supports card-present and card-not-present acceptance across Visa, MasterCard, American Express, Discover, Diners Club, JCB, debit/EBT, fleet, and corporate cards, with contactless schemes (payWave, PayPass), 14-currency processing, electronic check conversion and guarantee, and turn-key or customizable gift card programs. Underlying integrations extend to hundreds of third-party POS software platforms and gateways (Authorize.Net, CyberSource, Transaction Plus, Beanstream, Bluefin, PayPal, Global Payments), which is the primary technical differentiator versus single-processor ISOs.

The go-to-market is dual-track: direct sales to SMB and mid-market merchants through phone (800.585.8814), website lead capture (gopaymentservices.com), and a Financial Institution Partner Program in which banks and credit unions earn risk-free residual income on net revenue of referred merchants. Customer segments span retail, restaurant, grocery, petroleum/c-stores, internet/e-commerce, medical, B2B, travel & entertainment, mail/phone order, and financial institutions. The organization is small (11-50 employees) and its website, BBB accreditation, and absence of venture backing suggest a mature, slow-growth operator whose competitive position is built on bank sponsorship, processor breadth, and industry-veteran staff rather than scale or technology.

Name

Payment Services

Legal name

Payment Services LLC

Website

https://gopaymentservices.com

Company type

Private

Operating status

Operating

Headcount range

11–50 employees

Short description

Payment Services LLC is a Memphis-based, privately-held ISO of Wells Fargo Bank that provides credit/debit card processing, POS hardware and software, gift card and check programs, and merchant cash advances to U.S. SMBs and mid-market merchants across ten verticals, also acquiring merchants through banks and credit unions via a referral partner program.

Ownership category

akta.pro rank

Product category

Payment Processing Services

NAICS

Financial Transactions Processing, Reserve, and Clearinghouse Activities (522320), Activities Related to Credit Intermediation (5223), Sales Financing (52222)

SIC

Finance Services (6199), Short-Term Business Credit Institutions (6153)

akta.pro primary industry

Integrated Payment Processors (PSP/Acquirer) (FSAMABAA)

akta.pro secondary industries

Merchant & Commercial Acquiring (POS/eCommerce acquiring for corporates) (FSABAIAH), Merchant Payment Gateways (API/Hosted Checkout) (FSAMACAA)

Keywords

• Payment processing services
• Merchant services
• POS solutions
• Gift card programs
• Check processing

Headquarters

HQ city

Memphis

HQ country

United States

HQ region

North America

Offices1 record

Markets served

GTM type

B2B

Offering type

Services

Cost components

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

Revenue model

1. Payment Processing Transaction Fees: PSLLC earns revenue through transaction fees on credit/debit card processing, check processing, and gift card transactions. The company uses interchange-plus pricing, charging merchants the interchange rate plus a markup.
2. Equipment Sales: Sale of payment terminals, PIN pads, check readers, and other POS hardware to merchants. Equipment is sold at competitive prices and customized to meet business needs.
3. Cash Advance Origination: Provides merchant cash advances based on credit card receipts. Revenue generated through hassle-free payback automated from future card receipts.
4. Residual Income from Financial Institution Partners: Financial institution partners earn residual percentages of net revenue generated by referred merchants monthly, while PSLLC retains the processing relationship.

Pricing tiers

Go-to-market motion2 records

Distribution channels4 records

Marketing channels5 records

Core offering

Payment Services LLC provides electronic payment processing solutions to merchants and financial institutions, including merchant card acceptance, point-of-sale (POS) systems, gift card programs, electronic check processing, and merchant cash advances. The company operates as a registered Independent Sales Organization (ISO) of Wells Fargo Bank, N.A., and extends its reach through a Financial Institution Partner Program that allows banks and credit unions to offer payment services to their own customers.

Product overview

Payment Services LLC is a payment processing company offering a unified merchant services platform. The core offerings include Merchant Services (credit/debit/gift card processing), POS Solutions (hardware and software terminals), and a Financial Institution Partner Program. These are supplemented by add-on modules including Gift Card Programs, Check Processing Services (remote deposit, check guarantee, electronic check conversion/verification), Cash Advance, and Reporting Tools. The company supports a wide variety of payment types including Visa, Mastercard, American Express, Discover, Diners Club, JCB, debit/EBT, fleet cards, and 14 different currencies, serving industries including retail, petroleum, restaurants, grocery, medical, and e-commerce.

Differentiator

Problem solved

Functional benefit

Products and services

• Merchant Services Card payment acceptance and processing for merchants, delivered under the company's ISO sponsorship of Wells Fargo Bank, N.A., targeting small and mid-sized business merchants that need to accept credit and debit card payments.
• POS Solutions Point-of-sale terminals and software sold to merchants to enable in-person card acceptance, payment tracking, and checkout operations for retail and hospitality environments.
• Gift Card Programs Gift card issuance and processing services that allow merchants to offer branded stored-value cards to their customers for use at the point of sale.
• Check Processing Electronic check processing and conversion services that enable merchants to accept and process paper checks via electronic capture rather than manual handling.
• Cash Advance Merchant cash advance providing working capital to businesses based on their payment processing volume, repaid through a percentage of future card receipts.
• Financial Institution Partner Program Channel program that allows community banks and credit unions to offer Payment Services LLC's merchant services, POS, gift card, and check processing solutions to their own business customers under a partner arrangement.

Quantifiable outcome

• Risk-free residual income for financial institution partners based on merchant transaction volume
• +1 more outcomes

Segments10 records

Ideal customer profiles2 records

Technology focussed Yes

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Integration7 records

Feature5 records

Partnerships

One partnership is on record.

• Wells Fargo Bank, N.A.coreTechnology or IntegrationPayment Services LLC is a registered ISO (Independent Sales Organization) of Wells Fargo Bank, N.A., headquartered in Concord, CA. This relationship enables PSLLC to offer payment processing services under Wells Fargo's banking sponsorship, providing access to payment networks and merchant banking services.

Scale indicators3 records

Recent moves6 records

Expansion highlights4 records

Direct peers

• Square (Block): Block's Square is a direct peer offering integrated payment processing, POS hardware, and software for SMBs across retail, restaurant, and services, competing head-to-head with PSLLC for the same merchant segments through both direct and partner channels.
• Clover (Fiserv): Clover, owned by Fiserv, is a direct competitor combining payment processing with POS hardware/software for SMB merchants in retail, restaurant, and service verticals, with a comparable ISO/reseller distribution model.
• Heartland Payment Systems (Global Payments): Heartland, a Global Payments brand, is a direct peer providing card-present and card-not-present payment processing to SMB and mid-market merchants, with a similar vertical specialization and ISO/channel-led go-to-market.
• National Processing: National Processing is a direct peer ISO offering merchant accounts, POS solutions, and equipment sales to SMBs with interchange-plus pricing, closely mirroring PSLLC's service mix and target customer.
• Payment Depot: Payment Depot is a direct peer membership-based ISO providing wholesale payment processing rates and equipment to small businesses, competing on pricing transparency similar to PSLLC's interchange-plus approach.
• Dharma Merchant Services: Dharma is a direct peer independent processor/ISO serving SMB and mid-market merchants with flat-rate and interchange-plus pricing, POS integrations, and vertical focus on retail, restaurant, and B2B segments.
• CDG Commerce: CDG Commerce is a direct peer independent sales organization providing merchant processing, POS, and gift card programs to SMBs with a similar multi-processor integration story and emphasis on customer service.
• Flagship Merchant Services: Flagship is a direct peer ISO offering payment processing, POS, and cash advance products to SMB merchants with interchange-plus pricing and vertical-specific solutions, closely aligned with PSLLC's positioning.

Broad incumbents

• Stripe: Stripe is a broad incumbent payment platform with integrated processing, gateways, and developer APIs, competing with PSLLC primarily on the e-commerce/internet side while setting industry benchmarks for SMB onboarding and software integration.
• PayPal (Braintree): PayPal (including Braintree) is a broad incumbent offering online and omnichannel payment processing, POS (Zettle), and working capital products, overlapping with PSLLC's e-commerce and cash advance offerings at significantly greater scale.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat5 records

Key risks6 records

Key highlights7 records

Customer concentration

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 Payment Services