Green Payment Processing

What Green Payment Processing does

Green Payment Processing, operating as Green.Money™ and legally incorporated as Green By Phone, Inc. in Georgia, is a privately held US payment gateway founded in 2006 that has specialized since 2008 in electronic debit (eDebit) processing for high-risk and underserved merchants. The platform processes payments via ACH, Check 21, Remote Deposit Capture (RDC), Image Cash Letter (ICL), and remotely created checks, with same-day deposit capability, 99.99% uptime over ~20 years, and integrations with 4,000+ US banks for fund disbursement. The product portfolio includes the core Green.Money™ Gateway, eDebit Processing, verification tools (E-Verify, Live-Verify, Bank Login Technology via Verde, Address Verification), risk protection (Payment Guard™), enterprise modules (ICL up to 15,000 items per batch, Lockbox Services), recurring billing and email invoicing with electronic signatures, and the recently launched voice-enabled AI assistant Mia (Merchant Industry Assistant). The company also offers a full-service API/SDK built in-house at its Cumming, Georgia headquarters and eCommerce plugins for platforms including WooCommerce and Ecwid.

The business model combines one-time setup fees ($99–$499.95 based on risk profile), recurring monthly account fees ($20–$50), transaction-based eDebit fees (percentage plus per-transaction, with a $0.50 minimum per check), verification and address validation fees, ACH batch fees up to $10, and an annual $99.95 system maintenance fee; an Unlimited Transactions Plan is also offered. Go-to-market relies on a self-serve website signup combined with an ISO partner network of 1,000+ independent sales office representatives and 400+ ISO partners earning 30% commission on transaction fees, with a minimum referral quota to maintain the commission rate. The customer base spans 40,000+ active merchants, and the company has processed over 50 million transactions worth billions of dollars since inception, with 2-hour average underwriting and a 99.9% merchant approval rate. Green Payment Processing is PCI DSS compliant and adheres to NACHA rules for ACH processing.

Name

Green Payment Processing

Legal name

Green By Phone, Inc.

Website

https://greenbyphone.com

Company type

Private

Founded year

2006

Operating status

Operating

Headcount range

51–100 employees

Short description

Green Payment Processing (Green.Money™) is a US eDebit payment gateway specializing in ACH and electronic check processing for high-risk and underserved merchants declined by traditional credit card processors, serving 40,000+ SMBs through direct signup and a 1,000+ ISO partner network.

Ownership category

akta.pro rank

Product category

Payment Processing

NAICS

Financial Transactions Processing, Reserve, and Clearinghouse Activities (52232)

SIC

Miscellaneous Business Credit Institution (6159)

akta.pro primary industry

Merchant Payment Gateways (API/Hosted Checkout) (FSAMACAA)

akta.pro secondary industries

Payment Processing & Acquiring Infrastructure (FSAGABAC), Payments Operations (ACH/Wire/RTGS, SWIFT, SEPA, Checks) (FSABALAB)

Keywords

• Electronic debit processing
• Payment gateway services
• ACH payment processing
• High-risk merchant processing
• Echeck processing

Headquarters

HQ city

Cumming

HQ country

United States

HQ region

North America

Offices1 record

Markets served

GTM type

B2B

Offering type

Software

Cost components

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

Revenue model

1. eDebit Transaction Fees: Per-transaction fees charged as percentage of transaction amount plus flat fee per transaction for electronic check processing
2. Monthly Account Fees: Monthly subscription fees ranging from $20-$50 per month for account maintenance, plus additional fees for specific services
3. Setup and Activation Fees: One-time setup fees of $99-$499.95 depending on merchant risk classification
4. Verification Services: Fees for automated (E-Verify) and live phone (Live-Verify) verification services performed on transactions
5. Address Validation: $0.25 fee per address validation for high-risk and prepaid merchant accounts
6. Unlimited Transactions Plan: Subscription plan waiving standard eDebit transaction fees and monthly account fees, limited to 10,000 eDebit transactions per month with Fair Use Policy
7. Risk Management Pool Fees: Risk-based fees charged to merchants meeting certain underwriting criteria
8. ACH/Credits Processing: Fees for processing ACH credits to merchant-designated accounts, including batch fees up to $10 and hold times on deposits
9. Annual System Maintenance: Annual fee of $99.95 charged in December to recover system maintenance costs

Pricing tiers

Go-to-market motion2 records

Distribution channels3 records

Marketing channels4 records

Core offering

Green Payment Processing operates the Green.Money™ payment gateway, providing electronic debit (eDebit) processing that lets merchants accept payments directly from consumer bank accounts via ACH, Check 21, Remote Deposit Capture, and remotely created checks. The platform delivers same-day funding, recurring billing, fraud verification, and risk management tailored to high-risk and underserved merchants, with API/SDK integration and bank-deposit relationships across 4,000+ banks.

Product overview

Green Payment Processing operates as Green.Money™ (a brand of Green By Phone, Inc.), offering a unified payment gateway platform centered on electronic debit (eDebit) processing. The core platform provides secure payment gateway services with same-day funding capabilities. The product portfolio includes the foundational Green.Money™ Gateway and eDebit Processing system, supplemented by advanced enterprise modules including Remote Deposit Capture (RDC), Image Cash Letter (ICL), and Lockbox Services for large corporations. Supporting modules include verification tools (E-Verify, Live-Verify, Bank Login Technology, AVS), risk protection (Payment Guard™), invoicing (Email Invoicing), and e-commerce plugins (WooCommerce, Ecwid). The company has recently introduced AI capabilities through Mia, a voice-enabled merchant assistant available 24/7. Multiple pricing tiers are available, including an Unlimited Transactions Plan.

Differentiator

Problem solved

Functional benefit

Products and services

• Green.Money™ Gateway The core Green.Money™ payment gateway platform for managing customer payments via electronic debit (eDebit) processing, supporting recurring payments, same-day deposits, and merchant processing with 18 years of gateway experience.
• eDebit Processing Electronic debit transaction processing that enables merchants to accept payments directly from consumer bank accounts, with support for recurring billing, multiple payment frequencies (daily, weekly, bi-weekly, monthly), and real-time transaction verification.
• Same-Day Deposit Same-day funding service ensuring that merchant funds are delivered to their bank account on the same day transactions are processed, eliminating 3-4 day funding delays.
• Remote Deposit Capture (RDC) RDC technology enabling rapid deposits and same-day funding for companies processing $10M per month or less.
• Image Cash Letter (ICL) Advanced batch processing feature for large corporations processing over $10M monthly, handling up to 15,000 items in a single batch with instant receipt from the financial institution.
• Lockbox Services Advanced corporate banking service for large-volume merchants requiring specialized payment processing infrastructure.
• Unlimited Transactions Plan Subscription plan that waives standard eDebit transaction fees, verification service fees, and monthly account fees, limited to 10,000 eDebit transactions per month under a Fair Use Policy.
• WooCommerce Plugin E-commerce plugin for integrating Green.Money eDebit processing with WooCommerce stores, recommended for high-risk businesses needing reliable online payment functionality.
• API and SDK Integration Full-service API and Software Developer's Kit (SDK) for seamless, secure integration with merchants' in-house systems, with all development done in-house at the US headquarters.
• Mia - Merchant Industry Assistant Voice-enabled AI assistant built to assist merchants with questions, available 24/7 to provide support.

Quantifiable outcome

• Same-day deposit enables immediate access to funds rather than 3-4 day wait
• +4 more outcomes

Segments3 records

Ideal customer profiles3 records

Technology focussed Yes

API detail

Has API

Yes

API docs

API detail

Core technology

AI maturity

App detail

Integration4 records

AI capability4 records

Feature10 records

Partnerships

Four partnerships are on record, tiered core and standard.

• PlaidcoreTechnology or IntegrationIntegration for live, real-time consumer bank data including funds availability verification. Enables secure access to consumer bank account information for transaction validation.
• VerdecoreTechnology or IntegrationProvider of secure bank login enrollment widget enabling consumers to securely access their bank accounts from their own device for account validation and funds verification during eDebit transactions.
• CloudflarecoreTechnology or IntegrationCloud-based security infrastructure provider protecting company systems and customer data with DDoS protection and web performance services.
• DocusignstandardTechnology or IntegrationElectronic signature platform used for merchant application processing and document agreements during account setup.

Scale indicators12 records

Recent moves6 records

Expansion highlights5 records

Direct peers

• USA ePay: Payment gateway and merchant services provider offering ACH, card, and check processing with developer APIs. Comparable gateway product set and SMB merchant focus.
• Dwolla: ACH-focused payment API platform enabling bank-to-bank transfers for businesses. Comparable core rail (ACH) and developer-focused integration model, though Dwolla targets platform/fintech clients more than direct merchants.
• ACHWorks: ACH and electronic check payment processor serving SMBs and high-risk merchants through ISO/reseller channels. Most directly comparable peer in terms of product (ACH/eCheck) and go-to-market (ISO partner network).
• Stax (formerly Fattmerchant): Subscription-based payment processing platform serving SMBs with transparent pricing. Overlaps with Green on merchant acquisition model and SMB focus, though Stax is more card-centric.
• Forte Payment Systems: Payment processing and gateway provider with strong ISO/reseller distribution and ACH capabilities. Comparable merchant base, channel structure, and product positioning to Green.Money™.

Broad incumbents

• PayPal: Global digital payments giant with merchant gateway, ACH, and alternative payment methods. Operates broadly across SMB and enterprise merchant segments.
• Stripe: Dominant global payment platform offering gateway, acquiring, ACH, and embedded finance infrastructure. Comparable payment-gateway functionality at massive scale, but operates broadly rather than specializing in high-risk merchants.
• Square (Block): Integrated payments ecosystem for SMBs including gateway, POS, and banking products. Broad incumbent in the SMB merchant segment Green also targets.

Others

• Plaid: Bank-data connectivity provider that Green.Money™ already integrates with for account/funds verification. Plaid is an enabling partner rather than direct competitor, but its bank-login and verification products overlap with parts of Green's stack.

Emerging players

• PaySimple: Payment and billing platform targeting SMBs with ACH, card, and recurring billing. Overlaps with Green on ACH and recurring billing use cases for smaller merchants.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat5 records

Key risks6 records

Key highlights7 records

Customer concentration

• Xx.com/GreenMoneyUSA
• LinkedInlinkedin.com/company/green-payment-processing

Compliance2 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 Green Payment Processing