PayLo Pro
PayLo Pro is a US payment processing ISO serving 4,000-plus SMB merchants across medical, dental, veterinary, retail, restaurant, and automotive verticals, offering dual-pricing and surcharge programs plus terminals and online payments under a PNC Bank ISO relationship.
- Company typePrivate
- Founded2006
- HeadquartersOak Brook, United States
- Headcount1–10
- GTM typeB2B
- OfferingSoftware
What PayLo Pro does
PayLo Pro (legal entity PayLow Pro LLC) is a US payment processing provider headquartered in Naperville, Illinois, operating since approximately 2006 with 11-50 employees and serving more than 4,000 merchant locations nationwide. The company's core technical proposition is dual pricing and surcharge-based payment processing, which gives merchants the ability to offer customers free cash, optional ACH, or card payments with a fee, allowing the business to retain 100% of base sales revenue while shifting credit card processing costs to card-paying customers. The product stack comprises dual-pricing and surcharge programs, PAX A920 (Tap-and-Go), mobile, and point-of-sale terminals, CMS/Practice Management Software integrations for healthcare and professional services clients, a SwipeSimple web application for transaction evaluation, and a full online payments suite including payment gateways, online checkout, recurring billing and invoicing, a mobile app, virtual terminal, payment links, and reporting.
The business monetizes through transaction-based take rates on card volume, hardware sales or leases of payment terminals, and professional services for terminal installation and staff training; pricing is quote-based rather than publicly disclosed. Go-to-market combines enterprise field sales with named account managers (e.g., Derek Lapis, Nick, Harry, Pat), inside sales via a dedicated phone line ((833) 333-7288, branded (833) FEES CUT), a self-service client portal at app.paylopro.com, and a 'Become an Agent' referral channel program. Operating as a registered Independent Sales Organization (ISO) of PNC Bank, N.A. and maintaining PCI DSS compliance, PayLo Pro serves medical, dental, veterinary, retail, restaurant, automotive, professional services, skilled trade, and non-profit verticals, with concentrated go-to-market emphasis on healthcare adjacent SMBs that adopt practice management system integrations.
PayLo Pro firmographics
Firmographics- Name
- PayLo Pro
- Legal name
- PayLow Pro LLC
- Website
- https://paylopro.com
- Company type
- Private
- Founded year
- 2006
- Operating status
- Operating
- Headcount range
- 1–10 employees
- Short description
- PayLo Pro is a US payment processing ISO serving 4,000-plus SMB merchants across medical, dental, veterinary, retail, restaurant, and automotive verticals, offering dual-pricing and surcharge programs plus terminals and online payments under a PNC Bank ISO relationship.
- Ownership category
- akta.pro rank
PayLo Pro industry classification
Industry- Product category
- Payment Processing
- NAICS
- Financial Transactions Processing, Reserve, and Clearinghouse Activities (52232)
- SIC
- Miscellaneous Business Credit Institution (6159)
- akta.pro primary industry
- Integrated Payment Processors (PSP/Acquirer) (FSAMABAA)
- akta.pro secondary industries
- Bill Pay, Invoicing & Payables Platforms (BPAMAFAF), Merchant-of-Record (MoR) & Payment Facilitation (PayFac) Infrastructure (FSAGABAE)
Keywords
Where PayLo Pro is headquartered
LocationHeadquarters
- HQ city
- Oak Brook
- HQ country
- United States
- HQ region
- North America
Offices1 record
Markets served
PayLo Pro business model
Business model- GTM type
- B2B
- Offering type
- Software
- Cost components
- Personnel, Marketing or Sales, Technology or R&D, Operations, Infrastructure
Revenue model
- Transaction Fees: PayLo Pro charges transaction fees on card payments processed through their dual pricing or surcharge programs. Businesses keep 100% of their sales revenue while PayLo Pro earns revenue from the transaction fees charged on card payments, allowing them to offer zero-cost setup to merchants.
- Payment Equipment Sales/Leasing: Sale or lease of payment hardware including Tap-and-Go Terminals, Mobile Terminals, Point of Sale Systems, and PAX A920 devices with Wi-Fi and cellular connectivity.
- Professional Services: Setup, training, and ongoing support services provided by field representatives for terminal installation, staff training, and account management.
Pricing tiers
| Model | Billing | Price |
|---|---|---|
| Transaction based/ take rate | Pay-as-you-go | Dual Pricing - Cash discount/ACH option with card fee |
| Transaction based/ take rate | Pay-as-you-go | Surcharge Program - Cash free with card surcharge |
Go-to-market motion3 records
Distribution channels4 records
Marketing channels6 records
PayLo Pro product offering
Product offeringCore offering
PayLo Pro provides payment processing services to small and mid-sized businesses, centered on dual pricing and surcharge programs that allow merchants to offer customers a choice between free cash, optional ACH, or card payments with a transaction fee, eliminating credit card processing costs for the business. The company supplies payment hardware (Tap-and-Go terminals, Mobile terminals, POS systems including PAX A920) and online payment tools (gateways, checkout, recurring billing, virtual terminal, payment links). PayLo Pro is a registered ISO of PNC Bank, N.A.
Product overview
PayLo Pro is a payment technology company offering a suite of payment processing solutions centered around dual pricing and surcharge programs. The product portfolio includes Dual Pricing and Surcharge Program as the core pricing models, complemented by a range of payment equipment (Tap-and-Go Terminals, Mobile Terminals, and Point of Sale Systems), and online payment tools (Payment Gateways, Online Checkout, Recurring Billing & Invoicing, Mobile App, Virtual Terminal, Payment Links, and Reporting). The company enables merchants to accept Card, ACH, and Cash payments while helping businesses eliminate or reduce credit card processing fees. PayLo Pro serves diverse industries including Retail, Restaurant, Automotive, Services, Medical, Dental, and Veterinary practices.
Differentiator
Problem solved
Functional benefit
Products and services
- Dual Pricing
Quantifiable outcome
- 3.5% average monthly savings per business customer
- +3 more outcomes
Companies that use PayLo Pro
Customer profileNamed customers12 records
Segments9 records
Ideal customer profiles7 records
PayLo Pro technology and API
TechnologyTechnology focussed Yes
API detail
- Has API
- No
- API docs
- API detail
Core technology
AI maturity
App detail
Feature6 records
PayLo Pro partnerships and signals
Strategic signalScale indicators4 records
Recent moves6 records
Expansion highlights4 records
PayLo Pro competitors and assessment
Company assessmentEmerging players
- Toast: Toast is a restaurant-specialized POS and payment platform. While it focuses narrowly on food service, it competes with PayLo Pro in the restaurant vertical for both payment processing and POS hardware.
- SpotOn: SpotOn provides payment processing and business software for restaurants and small businesses, with bundled POS and back-office tools. It competes directly with PayLo Pro in restaurants and SMB service verticals.
Direct peers
- Payment Depot: Payment Depot is a direct competitor offering interchange-plus pricing and similar cost-savings positioning to SMBs. Like PayLo Pro, it targets merchants seeking to reduce processing fees and offers terminal hardware and online payment tools.
- Dharma Merchant Services: Dharma is a payment processor offering transparent, interchange-plus pricing to SMBs. It is a direct competitor to PayLo Pro's cost-savings positioning, particularly for businesses seeking alternatives to flat-rate processors.
- Stax by Fattmerchant: Stax offers subscription-based payment processing with transparent pricing, directly competing with PayLo Pro's dual pricing model. Both target SMBs seeking predictable costs and savings over traditional per-transaction processors.
- North American Bancard: North American Bancard is a payment processor and ISO that serves SMBs across multiple verticals with cash discount and surcharge programs directly comparable to PayLo Pro's dual pricing model.
Broad incumbents
- Square (Block): Square is a dominant SMB payment processor offering POS hardware, software, and payment processing. It competes directly with PayLo Pro in retail, restaurant, and professional services verticals, but offers a broader software ecosystem rather than a dual pricing/surcharge fee model.
- Heartland Payment Systems (Global Payments): Heartland is a large payment processor serving SMBs and mid-market merchants across multiple verticals. Like PayLo Pro, it emphasizes transparent pricing and customer service, but operates at significantly larger scale as part of Global Payments.
- Stripe: Stripe is a leading online payment processor with developer-friendly APIs and a growing suite of in-person payment tools. While its core is online/digital, it increasingly competes with PayLo Pro in online checkout, recurring billing, and payment links.
- Clover (Fiserv): Clover is a Fiserv-owned POS and payment processing platform serving restaurants, retail, and service businesses. It offers terminal hardware and an app marketplace comparable to PayLo Pro's equipment plus online payment suite, but with a broader software ecosystem.
Market position
Strengths5 records
Weaknesses5 records
Competitive moat4 records
Key highlights7 records
Customer concentration
PayLo Pro social profiles
Digital presencePayLo Pro compliance and trust
Trust signalCompliance1 record
PayLo Pro financial estimates
Financial estimateRevenue estimate
Valuation estimate
PayLo Pro leadership team
Management profileNumber of profiles
Profiles1 record
PayLo Pro funding detail
Funding detailFunding overview
Funding rounds
Investors
Funding detail is available on the Subscription and Enterprise plan.Contact sales →
PayLo Pro 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 PayLo Pro
What does PayLo Pro do?
PayLo Pro provides payment processing services to small and mid-sized businesses, centered on dual pricing and surcharge programs that allow merchants to offer customers a choice between free cash, optional ACH, or card payments with a transaction fee, eliminating credit card processing costs for the business. The company supplies payment hardware (Tap-and-Go terminals, Mobile terminals, POS systems including PAX A920) and online payment tools (gateways, checkout, recurring billing, virtual terminal, payment links). PayLo Pro is a registered ISO of PNC Bank, N.A.
Is PayLo Pro a public or private company?
PayLo Pro is a private company. It is classified as founder individual operated bootstrapped and is currently operating.
When was PayLo Pro founded?
PayLo Pro was founded in 2006. It employs 1 to 10 people.
Where is PayLo Pro based?
PayLo Pro is headquartered in Oak Brook, United States, in the North America region.
How does PayLo Pro make money?
Three revenue lines are on record. Transaction Fees are the primary driver. The others are payment Equipment Sales/Leasing and professional Services.
Who are PayLo Pro's main competitors?
Emerging players on record are Toast and SpotOn. Direct peers are Payment Depot, Dharma Merchant Services, Stax by Fattmerchant and North American Bancard. Broad incumbents are Square (Block), Heartland Payment Systems (Global Payments), Stripe and Clover (Fiserv).
Does PayLo Pro have an API?
No public API is recorded for PayLo Pro.
What industry is PayLo Pro in?
PayLo Pro's product category is Payment Processing. Its primary akta.pro industry code is FSAMABAA, Integrated Payment Processors (PSP/Acquirer), with a secondary code of BPAMAFAF, Bill Pay, Invoicing & Payables Platforms. Its NAICS code is 52232 and its SIC code is 6159.