What Premier Payments does

Premier Payments is a private, full-service credit and debit card processor headquartered in Great Neck, New York, founded in 2010 and operating with a 1-10 employee headcount. Per its firmographic profile, the company is positioned as a payments services provider for merchant clients, with no disclosed product line, revenue model, customer segments, or technology stack of its own. The publicly available source material contains no substantive information about Premier Payments as a standalone entity; the company is referenced only by name and basic attributes, while the bulk of the aggregated data describes the NewtekOne, Inc. (NASDAQ: NEWT) ecosystem and its Newtek Payments subsidiary — a publicly traded financial holding company offering payments, lending, banking, insurance, payroll, technology, and accounting services through the Newtek Advantage unified dashboard.

The apparent relationship between Premier Payments and the NewtekOne ecosystem is structural rather than confirmed: small U.S. payment processors commonly operate as independent sales organizations (ISOs) or referral partners reselling the processing platforms of larger acquirers or banks, but no contract, partnership record, or distribution agreement is documented in the source data between Premier Payments and NewtekOne. Consequently, no go-to-market motion, pricing schedule, customer base, technology stack, or revenue mechanics can be attributed to Premier Payments from the available material.

From a business-model standpoint, the only defensible inference is that Premier Payments generates revenue through transaction-based residual fees on credit and debit card processing it routes on behalf of merchant clients, in line with the standard ISO economics. Its value proposition, regulatory standing, certifications (e.g., PCI DSS registration status), funding history, ownership, and management team are not disclosed in the source. Investors evaluating Premier Payments should treat the company as a data-thin small reseller and should not conflate it with the publicly traded, multi-billion-dollar NewtekOne ecosystem that dominates the input data.

Name

Premier Payments

Legal name

NewtekOne, Inc.

Website

https://premierpayments.com

Company type

Public

Founded year

2000

Operating status

Operating

Headcount range

1–10 employees

Short description

Premier Payments is a private, full-service credit and debit card processor founded in 2010, based in Great Neck, NY, with 1-10 employees serving merchant clients with payment processing services.

Ownership category

akta.pro rank

Headquarters

HQ city

Great Neck

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, Others

Revenue model

1. Payment Processing Fees: Transaction-based revenue from payment processing services including credit card processing, mobile payments, ecommerce integration, and point-of-sale solutions. Revenue generated through transaction fees and processing rates.
2. Business Lending Interest: Interest income from business loans ranging from $5K to $15M with 10-25 year amortization terms. Newtek Lending has approved over $2 billion in business loans, generating interest revenue through term loans and lines of credit.
3. Banking Services: Revenue from Newtek Bank including interest on loans, fees on checking and savings accounts, and CD products. Bank is FDIC insured member.
4. Insurance Premiums: Revenue from insurance products including commercial insurance, personal insurance, employee benefits, and life insurance policies.
5. Payroll Processing: Subscription and per-transaction revenue from payroll processing services, time and labor management, and HR services.
6. Technology Services: Revenue from business software, cloud desktops, IT infrastructure, managed cloud services, security and compliance, servers and computing infrastructure, cloud migration, and website security.

Pricing tiers

Go-to-market motion3 records

Distribution channels5 records

Marketing channels5 records

Core offering

Premier Payments is a full service credit and debit card processor committed to delivering the latest in payment technology. The company provides card processing services to merchant clients in the United States, enabling businesses to accept card-based payments from their customers. Premier Payments was founded in 2010 and is headquartered in Great Neck, United States.

Product overview

Premier Payments operates as Newtek Payments within the NewtekOne financial and technology ecosystem. The product portfolio consists of a platform-plus-modules architecture centered on Newtek Advantage, a unified dashboard providing access to 7 core services. The payment offerings include Newtek Payments (with Payment Processing, Mobile Payments, Ecommerce Integration, Zero Cost Processing, Reporting & Accounting, Security & PCI Compliance, and NewTaxiPass sub-products) and Newtek Payment Solutions (encompassing Newtek Gateway and Newtek Payment Systems). These payment services integrate with the broader NewtekOne ecosystem including Newtek Bank (banking), Newtek Lending (financing), Newtek Insurance, Newtek Payroll, Newtek Technology, and Newtek Accounting.

Differentiator

Problem solved

Functional benefit

Brands

• Newtek Advantage: A dashboard providing instant access to a team of experts and 7 core solutions designed to help businesses grow.
• Newtek Zero-Fee Business Banking™
• Newtek Payments
• Newtek Lending
• Newtek Bank
• Newtek Insurance
• Newtek Payroll
• Newtek Technology
• Newtek Payment Solutions
• NewTaxiPass

Products and services

• Credit and Debit Card Processing

Quantifiable outcome

• 11% efficiency improvement when processing payroll after outsourcing to Newtek Payroll cloud-based HR solution
• +3 more outcomes

Named customers2 records

Segments6 records

Ideal customer profiles1 record

Technology focussed Yes

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature5 records

Partnerships

Two partnerships are on record, tiered minor and core.

• Intelligent Protection Management Corp. (IPM)minorOthersThird-party provider of insurance services for Newtek Insurance offerings. IPM provides various insurance services as indicated by footer disclosure '*All services are provided by a third party, Intelligent Protection Management Corp. (IPM).'
• Financial Institutions (Small Business Lender Program)coreChannel Partner/ Reseller/ DistributorNewtekOne offers programs for financial institutions including Small Business Lender Program, Branch Cash Advance, and Business Solutions Program, allowing banks and credit unions to provide expanded services to their small business customers through Newtek's lending and business solutions infrastructure.

Scale indicators4 records

Recent moves1 record

Expansion highlights2 records

Direct peers

• Helcim: Independent SMB-focused payment processor offering transparent interchange-plus pricing on credit and debit card acceptance. Closely comparable to Premier Payments in target customer (small merchants), business model (residual merchant processing), and independent scale.
• National Processing: Independent sales organization providing merchant card processing to small and mid-sized US businesses. Closely comparable to Premier Payments in ISO/agent business model and SMB focus.
• Payment Depot: Wholesale-style payment processor offering interchange-plus pricing to SMB merchants. Direct peer in business model and merchant segment, similar in scale to a small independent ISO.
• Stax (formerly Fattmerchant): Subscription-based payment processor offering flat-rate card processing to SMBs. Directly comparable to Premier Payments as a mid-sized independent merchant card processor competing against fintech incumbents.
• Flagship Merchant Services: Independent sales organization offering credit card processing to small US businesses. Closely comparable to Premier Payments as a similarly-sized independent ISO serving the SMB merchant segment.
• Dharma Merchant Services: Independent payment processor emphasizing transparent pricing and customer support for small merchants. Comparable to Premier Payments in independent positioning, SMB focus, and scale.

Broad incumbents

• PayPal: PayPal provides merchant card acceptance via Braintree and PayPal Commerce. Competes with Premier Payments in merchant payment processing but at a vastly larger scale with broader product portfolio.
• Stripe: Stripe is a leading payment processing platform with developer-friendly APIs and integrated commerce tools. Overlaps with Premier Payments in card acceptance for merchants but serves a broader range of business sizes with significantly greater technology investment.
• Clover Network (Fiserv): Clover is Fiserv's SMB-focused POS and merchant processing platform. Operates in the same integrated POS/card processing space as Premier Payments but as part of Fiserv's broader commerce ecosystem.
• Block (Square): Block/Square offers integrated POS, card processing, and software to SMBs. Operates in the same merchant processing space as Premier Payments but at vastly greater scale, with proprietary hardware and software.

Market position

Strengths3 records

Weaknesses4 records

Competitive moat3 records

Key risks4 records

Key highlights3 records

Customer concentration

• LinkedInlinkedin.com/company/premier-payments

Revenue estimate

Valuation estimate

Number of profiles

Subsidiaries8 records

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 Premier Payments