RQS

What RQS does

RQS Inc. (Ready Quick Solutions) is a Texas-incorporated payment services company founded in 2002 by Dennis Thomas and operating as a single-person, founder-owned merchant services provider serving small and mid-sized businesses in the Dallas-Fort Worth metroplex. The firm resells and supports third-party point-of-sale platforms — Clover POS, Exatouch POS, Bodega AI POS, Figure POS, and Dejavoo payment terminals — alongside credit card processing services routed through SignaPay and Electronic Payments, and the PayLo cash-discount / dual-pricing program that allows merchants to pass card fees to customers.

The company's revenue model is built primarily on transaction-based residuals from credit card processing volume, supplemented by POS hardware sales and leases, and referral fees from a lending partnership (Lenders Access) that originates small business funding up to $500,000. RQS operates an exclusively direct sales motion in which Dennis Thomas personally handles all customer interactions, on-site installation, training, and ongoing support, with no call centers, franchisees, or third-party resellers in the distribution chain.

RQS segments its target market by vertical — restaurants (full-service, quick-service, cafes), retail stores (boutiques, convenience, smoke, liquor, pet, hobby), auto repair shops with high-ticket transactions, and miscellaneous service businesses (gyms, salons, dental, food trucks). The firm claims to have served 'thousands' of businesses over 20+ years, though active merchant count, revenue, and headcount metrics beyond a stated 1-10 employee range are not disclosed. The business is bootstrapped, with no external institutional investment and no parent company.

Name

RQS

Legal name

RQS Inc.

Website

https://rqsinc.net

Company type

Private

Founded year

2002

Operating status

Operating

Headcount range

1–10 employees

Short description

RQS Inc. is a Fort Worth-based, founder-operated merchant services provider offering credit card processing, multi-platform POS systems, and dual-pricing solutions to small businesses across restaurants, retail, and auto repair verticals in the DFW metroplex.

Ownership category

akta.pro rank

Product category

Payment Processing Services

SIC

Finance Services (6199)

akta.pro primary industry

Integrated POS Payments (ISVs & Vertical POS Platforms) (FSAMADAD)

akta.pro secondary industries

POS Installation, Maintenance & Field Services (FSAMADAJ), EMV Chip, Magstripe & PIN Debit Acceptance (FSAMADAG)

Keywords

• Credit card processing
• POS systems
• Merchant services
• Dual pricing
• Payment processing

Headquarters

HQ city

Keller

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. Credit Card Processing Fees: Traditional merchant services providing credit card processing. Fees are charged on transaction volume. Savings of 20-40% compared to competitors typically achieved.
2. Dual Pricing / PayLo Program: Cash discount program that allows businesses to eliminate credit card fees by passing costs to customers. Revenue derived from setup and ongoing service.
3. POS System Sales and Service: Sales, installation, and ongoing support for various POS systems including Clover, Exatouch, Bodega AI, Figure POS, and Dejavoo. Free POS bundles available for qualifying businesses.
4. Credit Card Terminal Sales: Sale and service of credit card processing hardware. Many businesses qualify for free terminals with approval.
5. Mobile and Tablet Processing: Payment processing solutions for mobile devices using smartphone/tablet apps.
6. E-Commerce and Virtual Terminal Services: Online payment processing, virtual terminal for keyed payments, electronic invoicing, and recurring billing services.
7. Small Business Lending Referrals: Referral fees from lending partners for business loans and cash advances up to $500,000.

Pricing tiers

Go-to-market motion1 record

Distribution channels1 record

Marketing channels5 records

Core offering

RQS Inc. sells, installs, and supports credit card processing and POS systems for small businesses in the Fort Worth/DFW area. Its core offerings include multi-platform POS hardware/software bundles (Clover, Exatouch, Bodega AI, Figure POS, Dejavoo), traditional merchant processing with 20–40% savings versus competitors, and a PayLo dual pricing / cash discount program that can eliminate up to 100% of credit card processing fees, plus on-site installation, training, and ongoing local support.

Product overview

RQS (Ready Quick Solutions) provides a comprehensive suite of payment processing and POS solutions for small to mid-sized businesses across restaurant, retail, auto repair, and service industries. The core offering includes multiple POS platforms (Clover POS, Bodega AI POS, Exatouch POS, Figure POS, Dejavoo) that RQS implements and supports, supplemented by flexible payment processing options including traditional merchant services (20-40% savings), the PayLo cash discount program (up to 100% fee elimination), and dual pricing. The company also offers complimentary POS systems for qualifying businesses, small business funding up to $500,000, mobile processing, virtual terminals, and credit card hardware. RQS positions itself as a local, single-contact alternative to national processors, founded by Dennis Thomas in 2002.

Differentiator

Problem solved

Functional benefit

Products and services

• Exatouch POS A comprehensive business management POS platform for retail, restaurants, and service businesses featuring real-time inventory management, customer loyalty programs, restaurant features (table management, split checks, kitchen displays), fast checkout, gift cards, and dual pricing options.
• Bodega AI POS An AI-powered retail POS system for convenience stores, smoke shops, liquor stores, delis, grocery stores, and specialty retailers featuring predictive inventory management, 200,000+ preloaded products, built-in dual pricing, multilingual voice and text support, AI smart scanning, remote store management, and advanced analytics.
• Clover POS An all-in-one business management platform combining hardware, cloud-based management, payment processing, inventory management, customer engagement, employee management, online ordering, and advanced reporting.
• Clover Kiosk A self-service ordering and payment kiosk for quick-service restaurants designed to increase average ticket sizes by 20–30% through automated upselling, reduce wait times, and free up staff for other tasks.
• Figure POS A high-speed POS system designed for coffee shops, bakeries, and quick-service eateries featuring a lightning-fast interface, robust offline capabilities, integrated loyalty features, and real-time inventory tracking.
• Dejavoo Payment Terminals Rugged, reliable payment terminals supporting countertop units and wireless long-range terminals for curbside service, with flexible dual pricing and cash discounting capabilities and secure transactions.
• Credit Card Machines / Terminals Sale, setup, and support for credit card terminals supporting Visa, Mastercard, Discover, American Express, Apple Pay, Google Pay, EMV chip, contactless tap, PIN Debit, EBT, and NFC payments. Many businesses qualify for free terminals with approval.
• Traditional Merchant Services

Quantifiable outcome

• Eliminates up to 100% of credit card processing fees with Dual Pricing
• +3 more outcomes

Segments4 records

Ideal customer profiles4 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature6 records

Partnerships

Four partnerships are on record, tiered core and minor.

• SignaPaycoreChannel Partner/ Reseller/ DistributorRQS Inc. is an authorized partner of SignaPay, a registered ISO of Chesapeake Bank (Kilmarnock, VA), Commercial Bank of California (Irving, CA), Esquire Bank (Jericho, NY), and Synovus Bank (Columbus, GA). SignaPay provides 24/7 tech support at 1-800-944-1139.
• Electronic PaymentscoreChannel Partner/ Reseller/ DistributorRQS Inc. is an authorized partner of Electronic Payments, a registered Independent Sales Organization of Wells Fargo Bank, N.A. (Concord, CA) and Commercial Bank of California (Los Angeles, CA). Electronic Payments provides 24/7 tech support at 1-800-966-5520.
• PayLocoreTechnology or IntegrationPayLo is a cash discount program provider that RQS offers to customers, enabling businesses to eliminate up to 100% of credit card processing fees through compliant dual pricing.
• Lenders AccessminorGTM or Marketing PartnerRQS refers customers to Lenders Access for small business funding and cash advances up to $500,000, receiving referral fees for loan applications.

Scale indicators3 records

Recent moves6 records

Expansion highlights4 records

Direct peers

• Helcim: Direct merchant account provider with transparent all-in pricing and POS tools for SMBs. Direct alternative to the ISO reseller/aggregator model that RQS operates within.
• SpotOn: POS and integrated payments platform focused on restaurants and retail SMBs. Direct peer serving the same verticals with a bundled software + payments + capital offering similar to RQS's proposition.
• Payment Depot: Interchange-plus payment processor with transparent pricing for SMBs. Directly comparable to RQS's traditional merchant services offering emphasizing 20-40% savings over legacy processors.
• Stax Payments: Subscription-based payment processing platform positioned as a low-cost alternative to traditional processors. Direct comparable to RQS as an ISO-style offering targeting cost-sensitive SMBs.
• North American Bancard: Large US ISO offering merchant services, POS, and cash discount programs to SMBs. Closest scaled analogue to RQS's ISO/reseller model with multi-product merchant services and partnership structure.
• Toast: Restaurant-focused cloud POS with integrated payments; targets the same full-service and quick-service restaurant vertical RQS serves with Exatouch/Clover. Closest direct competitor in the restaurant POS + payments bundle.
• Square (Block): All-in-one SMB payment processing and POS hardware/software provider. The most direct comparable to RQS as an end-to-end merchant services and POS bundle for small businesses.

Broad incumbents

• Lightspeed Commerce: Cloud POS platform serving retail and restaurant SMBs with integrated payments. Broader incumbent offering the same end-bundle in two of RQS's primary verticals.
• Clover (Fiserv): SMB POS and payments platform from Fiserv that RQS actively resells. Comparable as a broad incumbent offering the same end-product and competing with ISOs for direct merchant relationships.
• SumUp: Global SMB payment processing and POS provider with mobile readers and software. Broad incumbent offering an integrated payments + POS bundle comparable to RQS's merchant services stack.

Market position

Strengths4 records

Weaknesses5 records

Competitive moat4 records

Key risks5 records

Key highlights5 records

Customer concentration

• Facebookfacebook.com/RQSInc
• Instagraminstagram.com/incrqs
• Xx.com/IncRqs

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 RQS