Silverstate Payments
Silverstate Payments is a Las Vegas-based, privately held credit card processor operating as a Registered MSP of Elavon (U.S. Bancorp), providing merchant services, payment gateway, ACH, and eCommerce processing to U.S. SMBs across retail, restaurant, service, and professional verticals.
- Company typePrivate
- Founded-
- HeadquartersLas Vegas, United States
- Headcount1–10
- GTM typeB2B
- OfferingServices
What Silverstate Payments does
Silverstate Payments LLC is a privately held, Las Vegas-headquartered credit card processor and payment software provider operating as a Registered Member Service Provider (MSP) of Elavon, Inc. — itself a wholly owned subsidiary of U.S. Bancorp. The company targets U.S. small and medium-sized merchants across a horizontal set of verticals including brick-and-mortar retail, restaurants, service providers, professional offices, and online/mobile commerce, with no disclosed named accounts and a long-tail SMB go-to-market executed via direct sales, inbound phone/website inquiries, and a multi-platform social media presence.
The product surface is built around four core offerings — Merchant Services (card-present and card-not-present credit card processing), a Payment Gateway with virtual terminal, recurring billing, invoicing, and account updating, ACH and electronic check processing, and eCommerce payment processing with shopping cart integrations — supplemented by fraud prevention and recurring billing add-ons. Underlying technology is largely Elavon's processing infrastructure rather than proprietary IP; no public API, SDK, or MCP is documented, and AI/ML capabilities are not mentioned. The company markets "25+ years" of team experience, PCI DSS compliance support, and a BBB A+ accreditation as trust signals.
Commercially, Silverstate earns transaction-based fees on credit/debit card volume, ACH and electronic check volume, and gateway services, with quote-based (non-publicly-disclosed) monthly pricing tailored to merchant type and volume. Revenue, headcount, funding history, and management team details are not disclosed in the available data, and there is no evidence of venture capital, private equity investment, M&A activity, or significant recent strategic transactions beyond the foundational Elavon MSP relationship.
Silverstate Payments firmographics
Firmographics- Name
- Silverstate Payments
- Legal name
- Silverstate Payments LLC
- Website
- https://silverstatepayments.com
- Company type
- Private
- Operating status
- Operating
- Headcount range
- 1–10 employees
- Short description
- Silverstate Payments is a Las Vegas-based, privately held credit card processor operating as a Registered MSP of Elavon (U.S. Bancorp), providing merchant services, payment gateway, ACH, and eCommerce processing to U.S. SMBs across retail, restaurant, service, and professional verticals.
- Ownership category
- akta.pro rank
Silverstate Payments industry classification
Industry- Product category
- Payment Processing / Merchant Services
- NAICS
- Financial Transactions Processing, Reserve, and Clearinghouse Activities (522320)
- akta.pro primary industry
- Merchant Acquiring Banks & ISO/MSP Acquirers (FSAMABAB)
- akta.pro secondary industries
- Integrated Payment Processors (PSP/Acquirer) (FSAMABAA), Recurring Billing, Subscriptions & Tokenized Payments (CRAFALAH), A2A Checkout & Merchant Acceptance Solutions (FSAMAFAF)
Keywords
Where Silverstate Payments is headquartered
LocationHeadquarters
- HQ city
- Las Vegas
- HQ country
- United States
- HQ region
- North America
Offices1 record
Markets served
Silverstate Payments business model
Business model- GTM type
- B2B
- Offering type
- Services
- Cost components
- Personnel, Operations, Marketing or Sales, Technology or R&D, Infrastructure
Revenue model
- Credit Card Processing: Transaction-based fees from processing credit and debit card payments for merchants across retail, restaurant, service, and eCommerce verticals. Revenue is generated through interchange fees, assessment fees, and markups on each transaction processed.
- Payment Gateway Services: Fees for gateway services including virtual terminal access, buy button integration, and online payment processing capabilities for merchants conducting eCommerce or phone/office transactions.
- ACH and Electronic Check Processing: Processing fees for ACH payments and electronic checks, enabling merchants to accept payments directly from customer bank accounts, supporting both one-time and recurring payment types.
Pricing tiers
| Model | Billing | Price |
|---|---|---|
| Transaction based/ take rate | Monthly | Custom merchant services pricing |
Go-to-market motion1 record
Distribution channels3 records
Marketing channels4 records
Silverstate Payments product offering
Product offeringCore offering
Silverstate Payments provides credit card processing and payment software solutions for small and mid-sized merchants across the United States. As a Registered MSP of Elavon, Inc. (a U.S. Bancorp subsidiary), the company delivers merchant services, a payment gateway with virtual terminal and recurring billing, electronic check and ACH processing, eCommerce payment acceptance, and PCI compliance support to retail, restaurant, service, and professional businesses.
Product overview
Silverstate Payments operates as a credit card processing company providing a unified payment platform with multiple integrated services. The core offerings consist of Merchant Services (credit card processing across all business models), Payment Gateway (the central technology platform with virtual terminal and online processing), Electronic Checks and ACH Payments (bank-based transactions), and eCommerce Payment Processing (online commerce capabilities). These are supported by add-on modules including Fraud Prevention Tools and Recurring Billing and Subscriptions management. The company serves as a Registered MSP of Elavon, Inc., leveraging their infrastructure for nationwide payment processing.
Differentiator
Problem solved
Functional benefit
Products and services
- Merchant Services (Credit Card Processing)
Companies that use Silverstate Payments
Customer profileSegments2 records
Ideal customer profiles2 records
Silverstate Payments technology and API
TechnologyTechnology focussed No
API detail
- Has API
- No
- API docs
- API detail
Core technology
AI maturity
App detail
Feature5 records
Silverstate Payments partnerships and signals
Strategic signalPartnerships
One partnership is on record.
- Elavon, Inc.coreSilverstate Payments LLC operates as a Registered MSP (Member Service Provider) of Elavon, Inc. Georgia, utilizing their payment processing infrastructure, networks, and technology stack to deliver merchant services. Elavon is a wholly owned subsidiary of U.S. Bancorp headquartered in Minneapolis, MN, providing Silverstate access to established payment rails and processing capabilities.
Scale indicators2 records
Recent moves1 record
Expansion highlights4 records
Silverstate Payments competitors and assessment
Company assessmentDirect peers
- Helcim: Canadian-headquartered SMB payment processor offering credit card processing, ACH, and recurring billing with transparent interchange-plus pricing — directly comparable to Silverstate's SMB-focused merchant services stack.
- Stax (formerly Fattmerchant): Subscription-pricing payment processor targeting SMBs across retail, restaurants, and online, providing interchange-plus models with gateway and recurring billing — a close analog to Silverstate's pricing and product approach.
- Payment Depot: Membership-based SMB credit card processor offering wholesale interchange rates with a sales-led GTM motion, serving the same retail/restaurant/service verticals as Silverstate.
- National Processing: U.S.-based ISO/MSP providing credit card processing, gateway, ACH, and POS solutions to SMBs across retail, restaurant, and eCommerce — structurally similar to Silverstate as a sales-led ISO leveraging bank-affiliated processing rails.
- PaymentCloud: SMB-focused merchant services provider with a sales-led GTM targeting high-risk and standard retail/restaurant verticals, offering gateway and virtual terminal solutions comparable to Silverstate's core stack.
Emerging players
- Stripe: Developer-first online payments platform with growing SMB and platform adoption, including recurring billing and ACH; competes most directly with Silverstate's eCommerce/gateway/invoicing product set rather than its card-present stack.
Broad incumbents
- Clover (Fiserv): Fiserv's SMB POS and merchant acquiring business, distributing payment processing through bank and ISO channels; a broad incumbent counterpart operating in Silverstate's verticals at substantially greater scale.
- Block (Square): Large-scale SMB payments platform combining card-present hardware, online checkout, invoicing, and ACH — competes for Silverstate's same retail, restaurant, and online merchant base but at materially greater scale and with proprietary rails.
- Chase Payment Solutions: U.S. Bancorp/Elavon-affiliated and broader bank-affiliated SMB acquiring operations leveraging parent-bank deposit and treasury customers — a scaled incumbent in the same SMB acquiring category Silverstate occupies as an MSP of Elavon.
- PayPal: Established digital payments incumbent with SMB checkout, invoicing, recurring billing, and fraud tools — provides overlapping functionality to Silverstate's online and subscription billing offerings at a much larger scale.
Market position
Strengths5 records
Weaknesses5 records
Competitive moat3 records
Key risks5 records
Key highlights6 records
Customer concentration
Silverstate Payments social profiles
Digital presenceSilverstate Payments compliance and trust
Trust signalCompliance2 records
Silverstate Payments financial estimates
Financial estimateRevenue estimate
Valuation estimate
Silverstate Payments leadership team
Management profileNumber of profiles
Silverstate Payments funding detail
Funding detailFunding overview
Funding rounds
Investors
Funding detail is available on the Subscription and Enterprise plan.Contact sales →
Silverstate Payments 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 Silverstate Payments
What does Silverstate Payments do?
Silverstate Payments provides credit card processing and payment software solutions for small and mid-sized merchants across the United States. As a Registered MSP of Elavon, Inc. (a U.S. Bancorp subsidiary), the company delivers merchant services, a payment gateway with virtual terminal and recurring billing, electronic check and ACH processing, eCommerce payment acceptance, and PCI compliance support to retail, restaurant, service, and professional businesses.
Is Silverstate Payments a public or private company?
Silverstate Payments is a private company. It is classified as unknown and is currently operating.
When was Silverstate Payments founded?
Silverstate Payments was founded in -1. It employs 1 to 10 people.
Where is Silverstate Payments based?
Silverstate Payments is headquartered in Las Vegas, United States, in the North America region.
How does Silverstate Payments make money?
Three revenue lines are on record. Credit Card Processing is the primary driver. The others are payment Gateway Services and ACH and Electronic Check Processing.
Who are Silverstate Payments's main competitors?
Direct peers on record are Helcim, Stax (formerly Fattmerchant), Payment Depot, National Processing and PaymentCloud. Stripe is listed as an emerging player. Broad incumbents are Clover (Fiserv), Block (Square), Chase Payment Solutions and PayPal.
Does Silverstate Payments have an API?
No public API is recorded for Silverstate Payments.
What industry is Silverstate Payments in?
Silverstate Payments's product category is Payment Processing / Merchant Services. Its primary akta.pro industry code is FSAMABAB, Merchant Acquiring Banks & ISO/MSP Acquirers, with a secondary code of FSAMABAA, Integrated Payment Processors (PSP/Acquirer). Its NAICS code is 522320.