What Vecter Technologies does

Vecter Technologies is a Tampa-based payment processing company founded in 2007, operating as a Registered ISO of Citizens Bank, N.A. The company provides merchant services and card payment processing to approximately 2,000+ businesses across verticals including B2B, restaurants, retail, eCommerce, field and trade services, gas stations and convenience stores, transportation, and specialty retail (cigar/tobacco, CBD/vape). Annual processing volume exceeds $1B across 25M+ transactions, supported by a leadership team averaging 25 years of payments industry experience.

The product portfolio spans five core solution categories: a payment gateway supporting in-person, online, and mobile transactions with eCommerce integrations (Shopify, WooCommerce, Magento, BigCommerce), subscription billing, and Visa CEDP processing; Payment Facilitation as a Service (PFaaS) available at $49/month, enabling SaaS platforms and marketplaces to embed payments without becoming facilitators; POS solutions via partnerships with Biyo, DejaPayPro, Clover, Square, Korona, and SmartPOS; terminal hardware from PAX, Dejavoo, Castles, and Square; and mobile/wireless acceptance including NFC tap-on-glass capabilities. Supporting offerings include QIR-certified installation, PCI DSS compliance services, and industry-specific underwriting for difficult-to-place verticals.

The business model combines transaction-based revenue (interchange plus markup, with flat-rate, cost-plus, dual pricing, and surcharge models available), subscription revenue from PFaaS, residual income sharing with ISO agents and referral partners, and revenue sharing with financial institution partners. Distribution is partner-driven across multiple channels: an ISO Agent Program with transparent Schedule A contracts and profit splits, a referral program, an ISV partnership program for embedded payments, and a financial institution white-label program. The company also operates a Square Concierge Program providing concierge-level support for Square platform users.

Name

Vecter Technologies

Legal name

Vecter Technologies

Website

https://vectertech.com

Company type

Private

Founded year

2007

Operating status

Operating

Headcount range

1–10 employees

Short description

Vecter Technologies is a Tampa-based Registered ISO founded in 2007 that provides merchant services, payment gateway, PFaaS embedded payments, and POS/terminal solutions to 2,000+ SMBs across retail, restaurants, eCommerce, field services, and specialty verticals, distributed primarily through ISO agent and partner channels.

Ownership category

akta.pro rank

Headquarters

HQ city

Tampa

HQ country

United States

HQ region

North America

Offices1 record

Markets served

GTM type

B2B

Offering type

Services

Cost components

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

Revenue model

1. Payment Processing Services: Transaction-based revenue from credit card processing for merchants. Charges include interchange fees, assessment fees, and markup. Supports both card-present and card-not-present transactions.
2. Payment Facilitation as a Service (Subscription): Monthly subscription model for platforms embedding payment processing. SecurePlan at $49/month for platform access with merchant onboarding and payment processing capabilities.
3. ISO Agent Residuals: Agents earn percentage-based splits of net profit from merchant processing. Compensation calculated after expenses and fees, with details outlined in Schedule A contracts.
4. Referral Partner Residuals: Referral partners earn recurring monthly residual income for successful merchant referrals. Vecter owns merchant relationships while partners benefit from long-term revenue.
5. Financial Institution Revenue Sharing: Banks earn share of revenues generated across card portfolios. Sliding-scale model based on portfolio risk exposure.

Pricing tiers

Go-to-market motion5 records

Distribution channels6 records

Marketing channels5 records

Core offering

Vecter Technologies is a payment processing and merchant services provider operating as a Registered ISO of Citizens Bank, N.A. The company delivers credit card and ACH payment acceptance across in-person, online, and mobile channels, supported by an integrated ecosystem of POS solutions, payment terminals, a multi-bank payment gateway, and a Payment Facilitation as a Service platform for embedding payments in third-party software. Services include underwriting, merchant onboarding, PCI compliance support, and 24/7 payment operations for SMB and enterprise merchants across general retail and specialty verticals.

Product overview

Vecter Technologies is a payment processing company founded in 2007, offering a unified platform of payment solutions for businesses ranging from single storefronts to national operations. The core product portfolio centers on five interconnected solutions: Payment Gateway Solutions (for in-person, online, and mobile transactions), Payment Facilitation as a Service (PFaaS for platforms embedding payments), Point of Sale Solutions (Biyo POS, DejaPayPro, Clover, Square, Korona, SmartPOS), Terminal Solutions (Dejavoo, PAX, Castles Technology, Square), and Mobile & Wireless Solutions (portable devices from Dejavoo, PAX, Square). Additional offerings include Square Concierge (white-labeled Square access), the NXTMOVES partnership for card issuing, QIR-certified installation services, PCI compliance support, and industry-specific solutions for CBD/Vape, Cigar/Tobacco, Transportation, Gas Stations/Convenience, Field/Trade Services, eCommerce, Retail, Restaurant, and B2B sectors. The company operates partner programs for ISO agents, referral partners, ISVs, and financial institutions. Annual processing exceeds $1B across 25M+ transactions supporting 2,000+ businesses.

Differentiator

Problem solved

Functional benefit

Products and services

• Payment Gateway Solutions A unified payment gateway that processes in-person, online, and mobile transactions, supporting eCommerce integrations (Shopify, WooCommerce, Magento, BigCommerce), subscription billing, Visa CEDP processing, QuickBooks integration, tap-on-glass acceptance, and advanced fraud management with customizable rules. Built for merchants needing omnichannel payment acceptance with consolidated reporting and reconciliation.
• Payment Facilitation as a Service (PFaaS) An embedded payment processing platform that enables SaaS platforms, marketplaces, and franchises to onboard, manage, and monetize payments across thousands of merchants without becoming a registered Payment Facilitator themselves. Includes KYC, PCI compliance, underwriting, ongoing monitoring, white-labeled checkout, and revenue sharing. SecurePro Plan at $49/month.
• Point of Sale (POS) Solutions Modern POS solutions including Biyo POS (offline mode, multi-location management), DejaPayPro (cloud-based multi-store retail), Clover (real-time inventory, employee management, loyalty), Square, Korona (inventory and time tracking), and SmartPOS for gas stations and convenience stores. Designed to match merchants with technology suited to their operational requirements.
• Terminal Solutions Countertop and mobile payment terminal hardware from Dejavoo (QD2 countertop, P12 mobile), PAX Technology (A920 countertop and mobile), Castles Technology, and Square Terminal. Modern hardware selected for seamless compatibility with POS, gateway, and broader payment setups.
• Mobile & Wireless Solutions Portable payment acceptance devices and software for on-the-go, field, and flexible payment scenarios, including the Dejavoo P12, PAX A920, Vecter Tap-on-Glass (NFC tap-to-pay directly from phone or tablet without additional hardware), and Square Handheld Terminal. Integrates with the payment gateway, POS, and PFaaS platforms.
• Square Concierge Program White-labeled access to the Square platform (Square Register, Terminal, mobile POS, inventory management, customer engagement tools) delivered with identical Square pricing and features, plus Vecter's concierge support, personalized onboarding, and ongoing guidance at no added cost.
• Card Issuing Solutions White-labeled credit and debit card programs for financial institutions, enabled through the NXTMoves integration. Banks can offer consumer, business, or specialty card programs with Vecter handling infrastructure, compliance, and network integrations as part of a sliding-scale revenue share.
• PCI Compliance Services PCI DSS compliance support for merchants, including Self-Assessment Questionnaire guidance, vulnerability scan assistance, processor communication, real-time compliance visibility, and PCI status tracking through an online compliance portal.
• QIR Program (Qualified Integrators & Resellers) Certified payment equipment installation program ensuring payment systems are installed per PCI Security Standards Council best practices, including equipment installation, default credential removal, secure remote access configuration, and PCI DSS best practices. Vecter is listed in the PCI Council QIR Directory.
• B2B Payment Processing B2B payment solutions accepting credit cards, ACH/eCheck, and EMV chip payments with secure hosted checkout, mobile and remote payment acceptance, faster funding, lower processing costs, and comprehensive reporting for companies managing vendor invoices and corporate payments.
• Restaurant Payment Processing Restaurant payment solutions with online ordering integration, restaurant-specific POS options, back-of-house connectivity, support for quick service, table service, and mobile ordering, and front/back-of-house connectivity for counter service, pickup, and delivery workflows.
• Retail Payment Processing Retail payment solutions supporting in-store, online, and mobile selling with POS options, inventory management integrations, gift card programs, and customer loyalty features for boutiques, specialty shops, apparel, convenience retail, home goods, health/beauty, and multi-location retailers.
• eCommerce Payment Processing Online payment processing with multiple payment options (cards, ACH, digital wallets), global payment support, recurring billing, eCommerce platform integrations (Shopify, WooCommerce, Magento, BigCommerce), real-time reporting, and fraud protection.
• Field & Trade Services Payment Processing Payment processing for contractors and field service businesses accepting payments on job sites, with mobile payments, invoicing, payment links, deposits, progress payments, and next-day funding options for plumbers, HVAC, electricians, handymen, and specialty trades.
• Gas Stations & Convenience Store Payment Processing Integrated payment solutions for fuel and convenience retail with seamless pump and POS integration, high-speed transaction processing, multi-location management, and 24/7 support. Includes integrations with Gilbarco, Verifone, and NCR for petroleum system compatibility.
• Transportation Payment Processing Payment solutions for car rental, car hire, and limousine operators with online booking integration (Corporate Car Online, Book Rides Online), mobile payment acceptance, pre-auth support, deposit holds, and PCI-compliant workflows.
• Cigar & Tobacco Payment Processing Payment solutions for cigar shops, cigar lounges, and tobacco retailers with multiple banking partners enabling faster approvals, industry familiarity, complimentary payment hardware for qualifying businesses, and support for both brick-and-mortar and online tobacco merchants.
• CBD, Vape, & Smoke Shops Payment Processing Specialized payment solutions for CBD, vape, hemp, and smoke shop retailers with access to multiple underwriting banks for increased approval odds and long-term portfolio stability, addressing limited approval options and account stability issues in this specialty retail category.

Quantifiable outcome

• Stop overpaying on every transaction through transparent pricing and hidden markup elimination
• +4 more outcomes

Named customers5 records

Segments9 records

Ideal customer profiles3 records

Technology focussed Yes

API detail

Has API

Yes

API docs

API detail

Core technology

AI maturity

App detail

Integration18 records

AI capability3 records

Feature4 records

Partnerships

27 partnerships are on record, tiered core, major and minor.

• NXTMOVEScoreStrategic or Co-development Partner · 12 February 2026Strategic mutual referral partnership announced February 12, 2026 combining issuing and acquiring capabilities. NXTMOVES provides virtual and physical card programs including issuing services to Vecter clients, while Vecter delivers merchant services, payment facilitation, and POS solutions to NXTMOVES clients. Partnership aims to address payment industry fragmentation by connecting specialized providers for faster merchant onboarding and integrated payment acceptance.
• Citizens Bank, N.A. (Providence, RI)coreChannel Partner/ Reseller/ DistributorVecter Technologies is a Registered ISO (Independent Sales Organization) of Citizens Bank, N.A., enabling them to offer merchant services and payment processing under the bank's sponsorship.
• VisacoreTechnology or IntegrationCard network partnership enabling acceptance of Visa credit and debit cards across all payment solutions including POS, gateway, mobile, and eCommerce.
• MastercardcoreTechnology or IntegrationCard network partnership enabling acceptance of Mastercard credit and debit cards across all payment solutions.
• American ExpresscoreTechnology or IntegrationCard network partnership enabling acceptance of American Express cards across payment acceptance channels.
• DiscovercoreTechnology or IntegrationCard network partnership enabling acceptance of Discover cards across payment solutions.
• Pathward BankmajorChannel Partner/ Reseller/ DistributorBanking partner providing sponsorship for payment processing services and merchant account relationships.
• Chesapeake BankmajorChannel Partner/ Reseller/ DistributorRegional banking partner for merchant services and payment processing sponsorship.
• SquaremajorTechnology or IntegrationPOS provider partnership through Square Concierge Program offering merchants Square's platform with Vecter concierge support and identical pricing.
• ClovermajorTechnology or IntegrationPOS system partnership offering Clover's retail solution with real-time inventory tracking, employee management, and customer loyalty tools.
• DejavoomajorTechnology or IntegrationTerminal provider partnership offering Dejavoo payment terminals including QD2 countertop and P12 mobile models.
• PAX TechnologymajorTechnology or IntegrationTerminal provider partnership offering PAX payment terminals including A920 countertop and mobile models.
• Biyo POSmajorTechnology or IntegrationPOS platform partnership offering Biyo POS with offline mode, multi-location management, inventory tracking, customer loyalty, and staff management.
• ShopifymajorTechnology or IntegrationeCommerce platform integration enabling seamless payment processing for Shopify merchants.
• WooCommercemajorTechnology or IntegrationeCommerce platform integration for WooCommerce merchants to accept payments through Vecter gateway.
• Magento / Adobe CommercemajorTechnology or IntegrationeCommerce platform integration enabling payment processing for Magento/Adobe Commerce merchants.
• BigCommercemajorTechnology or IntegrationeCommerce platform integration for BigCommerce merchants to process payments securely.
• FiservmajorTechnology or IntegrationPayment processor partnership providing backend transaction processing and payment infrastructure.
• TSYSmajorTechnology or IntegrationPayment processor partnership for transaction processing and payment network connectivity.
• WorldpaymajorTechnology or IntegrationPayment processor partnership providing alternative processing routes and redundancy.
• QuickBooksmajorTechnology or IntegrationAccounting software integration allowing seamless sync of payment data with QuickBooks for reconciliation.
• GilbarcomajorTechnology or IntegrationPetroleum system integration partner for gas station and convenience store pump payment processing.
• VerifonemajorTechnology or IntegrationFuel and convenience payment terminal provider partnership for integrated pump and POS solutions.
• NCRmajorTechnology or IntegrationPoint-of-sale and payment technology partner for convenience store and retail operations.
• Electronic Transactions Association (ETA)minorOthersIndustry association membership demonstrating industry participation and compliance standards.
• ScansourcemajorChannel Partner/ Reseller/ DistributorTechnology distributor partnership for payment hardware and POS equipment distribution.
• Retail Data Systems (RDS)majorChannel Partner/ Reseller/ DistributorPOS and payment equipment distributor partnership serving retail and convenience store markets.

Scale indicators5 records

Recent moves6 records

Expansion highlights8 records

Direct peers

• Helcim: Canadian SMB payment processor with transparent interchange-plus pricing and broad vertical coverage, competing head-to-head with Vecter on cost-plus and flat-rate SMB accounts.
• National Processing: US ISO/merchant services provider offering transparent SMB pricing, ISO agent programs, and vertical-specific solutions, mirroring Vecter's residual-based partner model and SMB target market.
• Toast: Vertical SaaS payments provider for restaurants combining integrated POS with payment processing — directly competing with Vecter's restaurant vertical offering.
• PaymentCloud: Specialty merchant services provider focused on high-risk and hard-to-place verticals (CBD, adult, nutraceuticals, firearms) — directly overlapping with Vecter's CBD/vape/tobacco focus and multi-bank underwriting model.
• Stax (formerly Fattmerchant): Subscription-based payment processor targeting SMBs with transparent, flat-rate pricing and interchange-plus models — a near-identical value proposition to Vecter's merchant services offering.

Broad incumbents

• Block (Square): Square is both a direct competitor in SMB card-present processing and a partner via Vecter's Square Concierge Program, making it the dominant incumbent Vecter both competes against and distributes through.
• Stripe: Dominant online payment platform whose gateway, API, and embedded finance offerings overlap with Vecter's eCommerce gateway and PFaaS products for mid-market and platform customers.
• Worldpay (FIS): Global merchant acquirer and processor that supplies Vecter backend processing while also serving SMB merchants directly, overlapping across most product categories Vecter offers.
• PayPal (Braintree): Major digital wallet and online processor with SMB merchant services, overlapping with Vecter's gateway, mobile, and eCommerce solutions for small and mid-sized businesses.
• Fiserv (Clover): Major payment processor and Clover POS provider that supplies Vecter backend processing while also competing through Clover direct — directly comparable on SMB acquiring and POS.

Market position

Strengths4 records

Weaknesses4 records

Competitive moat6 records

Key risks6 records

Key highlights2 records

Customer concentration

• Xx.com/VecterTech
• Facebookfacebook.com/VecterTech
• LinkedInlinkedin.com/company/vecter-technologies

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 Vecter Technologies