The iTransact Group LLC
- Company typePrivate
- Founded1994
- HeadquartersFarmington, United States
- Headcount11–50
- GTM typeB2B
- OfferingSoftware
The iTransact Group LLC firmographics
Firmographics- Name
- The iTransact Group LLC
- Legal name
- Payroc LLC
- Website
- https://itransact.com
- Company type
- Private
- Founded year
- 1994
- Operating status
- Operating
- Headcount range
- 11–50 employees
- Ownership category
- akta.pro rank
The iTransact Group LLC industry classification
Industry- Product category
- Payment Processing Software
- NAICS
- Financial Transactions Processing, Reserve, and Clearinghouse Activities (522320), Activities Related to Credit Intermediation (5223)
- SIC
- Services-Computer Processing & Data Preparation (7374), Miscellaneous Business Credit Institution (6159)
- akta.pro primary industry
- Merchant Payment Gateways (API/Hosted Checkout) (FSAMACAA)
- akta.pro secondary industries
- Payment Orchestration Platforms (FSAGABAA), Recurring Billing & Subscription Payments Enablement (FSAMACAF), Bill Pay, Invoicing & Payables Platforms (BPAMAFAF)
Keywords
Where The iTransact Group LLC is headquartered
LocationHeadquarters
- HQ city
- Farmington
- HQ country
- United States
- HQ region
- North America
Offices1 record
Markets served
The iTransact Group LLC business model
Business model- GTM type
- B2B
- Offering type
- Software
- Cost components
- Technology or R&D, Personnel, Operations, Infrastructure, Marketing or Sales
Revenue model
- Payment Processing Services: Gateway services for processing credit/debit card transactions and ACH/EFT payments through connected merchant accounts and payment processing networks.
Go-to-market motion1 record
Distribution channels3 records
Marketing channels3 records
The iTransact Group LLC product offering
Product offeringCore offering
The iTransact Group LLC operates a proprietary Internet payment gateway that enables merchants to accept and process credit/debit card transactions and ACH/EFT payments online. The platform provides a web-based control panel with virtual terminal, recurring billing, multi-language invoicing, batch processing, and a comprehensive payment API, supporting connectivity to 12+ major U.S. payment processing networks. Merchant account setup services and related equipment are also offered as supplementary offerings.
Differentiator
Problem solved
Functional benefit
Products and services
- iTransact Gateway A proprietary Internet payment gateway platform providing merchants with credit/debit card and ACH/EFT payment processing capabilities. Includes web-based control panel, virtual terminal, recurring payments, invoicing, reporting, batch uploads, role management, and API access.
- Merchant Accounts and Equipment Merchant account services and related payment processing equipment offered in addition to the iTransact Gateway for businesses that do not have existing merchant accounts.
Quantifiable outcome
- PCI DSS compliant with audit conducted by Intersec Worldwide Inc.
Companies that use The iTransact Group LLC
Customer profileSegments2 records
Ideal customer profiles3 records
The iTransact Group LLC technology and API
TechnologyTechnology focussed Yes
API detail
- Has API
- Yes
- API docs
- API detail
Core technology
AI maturity
App detail
Integration14 records
Feature9 records
The iTransact Group LLC partnerships and signals
Strategic signalPartnerships
Twelve partnerships are on record, tiered flagship, core and minor.
- Payroc LLCflagshipiTransact was acquired by Payroc LLC in 2015. Payroc operates as the parent company providing PCI-compliant payment processing infrastructure, ISO/MSP relationships with major banks, and continues to operate the iTransact Gateway brand.
- ElavoncorePayment processing network partner supporting both Host Base and Terminal Based transaction processing through the iTransact Gateway.
- VantivcorePayment processing network partner supporting Vantiv 610 (Tandem) and Litle & Co Platform transaction processing through the gateway.
- First Data (North/Cardnet)corePayment processing network partner enabling First Data North (aka Cardnet) transaction processing through the iTransact Gateway.
- TSYS (Vital/VisaNet)corePayment processing network partner supporting TSYS (aka Vital/VisaNet) transaction processing through the gateway.
- Chase Paymentech - TampacorePayment processing network partner supporting Chase Paymentech Tampa transaction processing through the iTransact Gateway.
- Global Payments - East (Atlanta/NDC)corePayment processing network partner supporting Global Payments East (aka Atlanta/NDC) transaction processing through the gateway.
- FDR (First Data Resources)corePayment processing network partner supporting multiple FDR platforms including Nabanco, Nashville, and Omaha regional processing networks.
- ExchangecorePayment processing network partner supporting Exchange transaction processing through the iTransact Gateway.
- MB Financial Bank N.A.minorRegistered ISO/MSP (Independent Sales Organization/Member Service Provider) relationship for payment processing services.
- Fifth Third Bank, N.A.minorRegistered ISO/MSP (Independent Sales Organization/Member Service Provider) relationship for payment processing services.
- Wells Fargo Bank N.A.minorRegistered ISO (Independent Sales Organization) relationship for payment processing services.
Scale indicators2 records
The iTransact Group LLC competitors and assessment
Company assessmentBroad incumbents
- Worldpay (FIS): Large incumbent merchant acquirer and gateway provider serving SMB through enterprise—comparable as one of the upstream processors iTransact connects to and as a competitor for merchant processing relationships.
- Adyen: Global payment processing platform offering unified gateway, acquiring, and orchestration across multiple payment methods—broader scope than iTransact but comparable in providing a single-integration gateway with multi-processor routing logic.
Emerging players
- Stax (formerly Fattmerchant): Subscription-based payment processing and gateway provider targeting SMBs with transparent pricing and API access—comparable to iTransact's SMB gateway focus with modernized subscription billing capabilities.
Others
- Payroc LLC: iTransact's parent company and registered ISO/MSP providing PCI-compliant processing infrastructure and bank sponsorship—adjacent as the operating parent rather than a competitor, but offers overlapping gateway and merchant services through the broader Payroc portfolio.
Direct peers
- Stripe: Developer-first API payment platform offering gateway, recurring billing, and marketplace functionality—directly comparable to iTransact's API-first gateway with virtual terminal and recurring payment features, though at significantly larger scale.
- Authorize.Net: Visa-owned payment gateway offering virtual terminal, recurring billing, API integration, and merchant account services to SMBs—directly comparable to iTransact's gateway + merchant account model with similar target customers and feature set.
- Braintree (PayPal): PayPal-owned payment gateway with API-first design, recurring billing, and multi-currency support—comparable developer-facing gateway offering for merchants integrating payment processing into applications.
- NMI: Payment gateway provider focused on ISOs, ISVs, and integrators with multi-processor support and white-label gateway capabilities—directly comparable to iTransact's reseller portal and 12+ processor integrations serving the partner channel.
- Square (Block): Integrated payment processing and gateway provider with virtual terminal, recurring billing, and invoicing—directly comparable feature set to iTransact across SMB payment acceptance and billing automation.
- BlueSnap: All-in-one payment gateway and merchant account provider with API, hosted checkout, and recurring billing—directly comparable to iTransact's combined gateway-plus-merchant-account positioning for SMB and mid-market merchants.
Market position
Customer concentration
The iTransact Group LLC social profiles
Digital presenceThe iTransact Group LLC compliance and trust
Trust signalCompliance1 record
The iTransact Group LLC financial estimates
Financial estimateRevenue estimate
Valuation estimate
The iTransact Group LLC leadership team
Management profileNumber of profiles
The iTransact Group LLC funding detail
Funding detailFunding overview
Funding rounds
Investors
Funding detail is available on the Subscription and Enterprise plan.Contact sales →
The iTransact Group LLC M&A and investment
M&A and investmentM&A
Investments
M&A and investment is available on the Subscription and Enterprise plan.Contact sales →
Frequently asked questions about The iTransact Group LLC
What does The iTransact Group LLC do?
The iTransact Group LLC operates a proprietary Internet payment gateway that enables merchants to accept and process credit/debit card transactions and ACH/EFT payments online. The platform provides a web-based control panel with virtual terminal, recurring billing, multi-language invoicing, batch processing, and a comprehensive payment API, supporting connectivity to 12+ major U.S. payment processing networks. Merchant account setup services and related equipment are also offered as supplementary offerings.
Is The iTransact Group LLC a public or private company?
The iTransact Group LLC is a private company. It is classified as corporate owned and is currently operating.
When was The iTransact Group LLC founded?
The iTransact Group LLC was founded in 1994. It employs 11 to 50 people.
Where is The iTransact Group LLC based?
The iTransact Group LLC is headquartered in Farmington, United States, in the North America region.
How does The iTransact Group LLC make money?
One revenue line is on record: payment Processing Services.
Who are The iTransact Group LLC's main competitors?
Broad incumbents on record are Worldpay (FIS) and Adyen. Stax (formerly Fattmerchant) is listed as an emerging player. Payroc LLC is listed as an others. Direct peers are Stripe, Authorize.Net, Braintree (PayPal), NMI, Square (Block) and BlueSnap.
Does The iTransact Group LLC have an API?
Yes. The iTransact Gateway API enables developers to run all transaction types, manage recurring payments, and lookup the status of previous transactions. It is a programmatic interface for integrating payment processing capabilities into merchant applications. Developer documentation is at developers.itransact.com.
What industry is The iTransact Group LLC in?
The iTransact Group LLC's product category is Payment Processing Software. Its primary akta.pro industry code is FSAMACAA, Merchant Payment Gateways (API/Hosted Checkout), with a secondary code of FSAGABAA, Payment Orchestration Platforms. Its NAICS code is 522320 and its SIC code is 7374.