Payco
Payco Enterprises is a US payment processor and merchant services provider serving SMBs across restaurants, retail, healthcare, B2B, and high-risk verticals via 14+ processing backends and 2,000+ POS/ERP integrations. Revenue comes from transaction fees, SaaS, hardware, IT support, and bundled payroll, lending, VoIP, and internet services.
- Company typePrivate
- Founded2017
- HeadquartersGlendale, United States
- Headcount11–50
- GTM typeB2B
- OfferingServices
What Payco does
Payco Enterprises, Inc. (DBA Payco) is a privately held US payment processing and merchant services company headquartered in Glendale, California, operating as a registered MSP/ISO of Elavon (a U.S. Bancorp subsidiary) and ISO of Wells Fargo Bank, N.A. The company offers credit and debit card payment processing across multiple pricing models (Interchange Plus, Dual Pricing, Surcharge, Flat Rate) to small and mid-sized merchants in verticals including restaurants, retail, medical/healthcare, professional services, wholesale/distribution, automotive service, and high-risk industries. Payco's technology platform is differentiated by integration breadth — 2,000+ POS and ERP systems and 14+ processing backends — enabling underwriting and support for business types frequently declined by mainstream processors, including high-risk merchants (debt collection, online nutra/pharma, tech).
The company's core products are Payment Processing and Point of Sale (POS), augmented by the Business Suite platform (which bundles ADP payroll/HR, a Lendio-powered lending marketplace with 80+ lenders, VoIP via 8 providers, internet via 43+ carriers, and mobility), a managed IT Solutions service delivered through a 5,000+ technician nationwide network, and Payco Secure (PCI-compliant tokenization with a developer-facing API v2 and virtual terminal). The technology stack is integration-centric rather than proprietary-IP-centric; competitive advantage rests on the scale of pre-built connectors and the ability to underwrite non-standard merchant categories through multiple sponsor bank relationships.
Payco monetizes through five streams: transaction-based processing fees, recurring SaaS/subscription fees (POS, VoIP, IT packages), hardware sales (payment terminals with free 36-month replacement cycles), lending referral fees via Lendio, and residuals paid to/from its agent, dealer, and referral channel partners. Distribution combines a direct field sales team with a tiered channel ecosystem — Agent Program (independent sales agents with lifetime vested residuals), Dealer Program (POS/software resellers earning commissions on processing and SaaS), Alliance Partner Program (accounting firms, insurance partners, banks, ISVs), and a merchant-to-merchant Referral Program — all operated through a dedicated partner portal at partner.mypayco.com.
Payco firmographics
Firmographics- Name
- Payco
- Legal name
- Payco Enterprises, Inc.
- Website
- https://mypayco.com
- Company type
- Private
- Founded year
- 2017
- Operating status
- Operating
- Headcount range
- 11–50 employees
- Short description
- Payco Enterprises is a US payment processor and merchant services provider serving SMBs across restaurants, retail, healthcare, B2B, and high-risk verticals via 14+ processing backends and 2,000+ POS/ERP integrations. Revenue comes from transaction fees, SaaS, hardware, IT support, and bundled payroll, lending, VoIP, and internet services.
- Ownership category
- akta.pro rank
Payco industry classification
Industry- Product category
- Payment Processing
- NAICS
- Financial Transactions Processing, Reserve, and Clearinghouse Activities (52232)
- akta.pro primary industry
- Integrated Payment Processors (PSP/Acquirer) (FSAMABAA)
- akta.pro secondary industries
- Merchant-of-Record (MoR) & Payment Facilitation (PayFac) Infrastructure (FSAGABAE), Embedded Payments (Pay-ins, Pay-outs, Wallets) (FSAGALAB)
Keywords
Where Payco is headquartered
LocationHeadquarters
- HQ city
- Glendale
- HQ country
- United States
- HQ region
- North America
Offices1 record
Markets served
Payco business model
Business model- GTM type
- B2B
- Offering type
- Services
- Cost components
- Personnel, Operations, Technology or R&D, Marketing or Sales, Infrastructure
Revenue model
- Payment Processing Transaction Fees: Transaction-based fees from credit card processing across multiple pricing models (Interchange Plus, Dual Pricing, Surcharge, Flat Rate). Merchants pay fees per transaction based on card type, transaction method, and selected pricing program.
- SaaS/Subscription Services: Recurring monthly fees from SaaS products including POS systems, Business Suite solutions, VoIP phone services, IT support packages, and software platform access.
- Equipment and Hardware Sales: Sales of payment terminals, POS hardware, card readers, and related equipment to merchants. Up to 2 terminals included per MID with free replacements and upgrades every 36 months.
- Lending Referral Fees: Referral fees from connecting merchants to lending partners for business financing, working capital, and equipment loans through the Payco Lending Marketplace partnership with Lendio and 80+ banks/lenders.
- Agent/Dealer Program Residuals: Residual income payments to agents and dealers based on merchant volume processed through their referrals, creating long-term recurring revenue streams.
Pricing tiers
| Model | Billing | Price |
|---|---|---|
| Transaction based/ take rate | Monthly | Transparent Cost-Plus Pricing |
| Transaction based/ take rate | Monthly | Pass-through Cost Pricing |
| Transaction based/ take rate | Monthly | Surcharge Program |
| Unit Pricing | Monthly | Predictable Flat Rate |
| Subscription | Monthly | IT Support Package A |
| Subscription | Monthly | IT Support Package B |
| Subscription | Monthly | IT Support Package C |
| Subscription | Monthly | Custom IT Solutions |
Go-to-market motion2 records
Distribution channels5 records
Marketing channels6 records
Payco product offering
Product offeringCore offering
Payco is a registered MSP/ISO payment processor that provides credit card and electronic payment processing to merchants across the United States. It supplements payment acceptance with enterprise-grade POS systems, a Business Suite platform (bundling payroll/HR via ADP, lending via Lendio, VoIP, internet, and mobility), and managed IT services delivered through a nationwide technician network. The platform integrates with 2,000+ POS and ERP systems and operates across 14+ backend processing platforms to underwrite standard and high-risk merchant types.
Product overview
Payco is a payment processing and business technology company offering a platform of integrated services centered on payment acceptance and processing. Its core products are Payment Processing and Point of Sale (POS), to which it adds the Business Suite platform (bundling ADP payroll/HR, Lendio lending marketplace, VoIP, internet, and mobility) and IT Solutions (networking, security cameras, VoIP, wire management). The standalone Payco Secure product provides tokenization and a developer API for security-conscious integrations. The company positions itself as a single-vendor alternative to fragmented point solutions, integrating with 2,000+ POS and ERP systems and offering 24/7 support across a nationwide technician footprint.
Differentiator
Problem solved
Functional benefit
Brands
- Payco Secure: Secure payment tokenization and virtual terminal services with dedicated API documentation.
- Payco Partner Portal
Products and services
- Payment Processing
Quantifiable outcome
- Lower processing fees through transparent Interchange Plus pricing
- +3 more outcomes
Companies that use Payco
Customer profileSegments7 records
Ideal customer profiles6 records
Payco technology and API
TechnologyTechnology focussed Yes
API detail
- Has API
- Yes
- API docs
- API detail
Core technology
AI maturity
App detail
Integration7 records
Feature4 records
Payco partnerships and signals
Strategic signalPartnerships
Eight partnerships are on record, tiered flagship and core.
- ADPflagshipPremier partnership with ADP (Automatic Data Processing) for payroll and HR solutions. Payco clients receive dedicated ADP account representatives and access to ADP's scalable human capital management platform covering payroll, HR, benefits, timekeeping, workers compensation, and retirement services.
- LendiocorePayco Lending Marketplace partnership with Lendio (and 80+ additional banks and lenders) provides businesses access to various financing options including expansion capital, acquisition financing, equipment upgrades, and working capital through a white-glove lending specialist service.
- 8 Leading VoIP ProviderscorePartnerships with 8 leading VoIP providers allow Payco to design and deliver enterprise-grade phone solutions tailored to customer needs across call centers, hospitals, law firms, security companies, and corporate enterprises with CRM/ERP integration capabilities.
- 43+ Internet CarrierscoreContracts across 43+ leading internet carriers enable Payco to provide customized business internet solutions with access to best available speeds and pricing. The company can ping business addresses to identify available providers and optimize connectivity solutions.
- Accounting FirmsflagshipReferral partnership program for accounting firms and CPAs offering preferential pricing instead of revenue-sharing. Accountants can refer clients for payment processing and receive priority support while strengthening client relationships with comprehensive merchant services.
- Insurance PartnersflagshipInsurance agencies partner with Payco to offer payment and POS solutions to their commercial clients. Partners earn competitive revenue-sharing with flexible compensation models (risk, no-risk, and full-service options) and recurring residuals.
- Banks and Financial InstitutionsflagshipBanks partner with Payco to enhance commercial banking offerings with payment processing, POS systems, and business lending solutions. Payco provides white-label support services that maintain the bank's brand while delivering expert payment assistance.
- Software Companies and ISVsflagshipSoftware companies and Independent Software Vendors (ISVs) integrate Payco's payment processing into their platforms, earning residuals and unlocking new revenue opportunities. Partnerships include API-driven integration tools, custom solutions, PCI-compliant tokenized payments, and access to Payco's 24/7 merchant support.
Scale indicators7 records
Recent moves6 records
Expansion highlights6 records
Payco competitors and assessment
Company assessmentDirect peers
- Stax (Fattmerchant): Stax offers subscription-based payment processing with transparent pricing and integrated POS solutions for SMBs — a close comparable to Payco's interchange-plus and flat-rate processing model.
- Toast: Toast provides integrated restaurant POS and payment processing for the same primary vertical Payco targets (restaurants and food service), using a SaaS+payments model with dedicated restaurant software — directly competing for the same merchant base.
- Stripe: Stripe processes card payments for SMBs and platforms via APIs and integrated solutions, including Stripe Terminal for POS — overlapping with Payco's core payment processing and Payco Secure tokenization offerings.
- National Processing: National Processing is an ISO providing credit card processing and POS solutions to SMBs via agent and partner channels — competing with Payco in the same agent-driven SMB payment processing market.
- Clover (FIS): Clover, a First Data/FIS product, delivers integrated POS hardware and merchant processing to SMBs through ISOs and agents — competing with Payco for the same agent/dealer channel and SMB merchant segments.
- Dharma Merchant Services: Dharma is a merchant services ISO focused on transparent interchange-plus pricing for SMBs across retail, restaurant, and B2B — directly comparable to Payco's transparent pricing and multi-vertical positioning.
- Lightspeed Commerce: Lightspeed provides integrated POS and payment processing for retail and restaurant SMBs with an ISV/agent go-to-market — competing with Payco's POS+processing bundles in retail and food service verticals.
- Heartland Payment Systems (Global Payments): Heartland is a major ISO model payment processor serving restaurants, retail, and service businesses with bundled POS and processing — the same channel-driven SMB payments model Payco operates.
- Square (Block): Square offers integrated card processing, POS hardware, and software for SMBs — competing head-on with Payco's payment processing and POS offerings for retail, restaurant, and service-based merchants.
Others
- ADP: ADP is Payco's premier payroll/HR partner within the Business Suite — adjacent rather than competitive; ADP directly selling to merchants could disintermediate Payco's referral revenue stream.
Market position
Strengths5 records
Weaknesses5 records
Competitive moat5 records
Key risks6 records
Key highlights6 records
Customer concentration
Payco social profiles
Digital presencePayco financial estimates
Financial estimateRevenue estimate
Valuation estimate
Payco leadership team
Management profileNumber of profiles
Payco funding detail
Funding detailFunding overview
Funding rounds
Investors
Funding detail is available on the Subscription and Enterprise plan.Contact sales →
Payco 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 Payco
What does Payco do?
Payco is a registered MSP/ISO payment processor that provides credit card and electronic payment processing to merchants across the United States. It supplements payment acceptance with enterprise-grade POS systems, a Business Suite platform (bundling payroll/HR via ADP, lending via Lendio, VoIP, internet, and mobility), and managed IT services delivered through a nationwide technician network. The platform integrates with 2,000+ POS and ERP systems and operates across 14+ backend processing platforms to underwrite standard and high-risk merchant types.
Is Payco a public or private company?
Payco is a private company. It is classified as founder individual operated bootstrapped and is currently operating.
When was Payco founded?
Payco was founded in 2017. It employs 11 to 50 people.
Where is Payco based?
Payco is headquartered in Glendale, United States, in the North America region.
How does Payco make money?
Five revenue lines are on record. Payment Processing Transaction Fees are the primary driver. The others are saaS/Subscription Services, equipment and Hardware Sales, lending Referral Fees and agent/Dealer Program Residuals.
Who are Payco's main competitors?
Direct peers on record are Stax (Fattmerchant), Toast, Stripe, National Processing, Clover (FIS), Dharma Merchant Services, Lightspeed Commerce, Heartland Payment Systems (Global Payments) and Square (Block). ADP is listed as an others.
Does Payco have an API?
Yes. Payco Secure offers a tokenization API and a general payment API (v2), enabling developers to embed secure tokenization and payment processing capabilities into their own software platforms and applications. Developer documentation is at docs.paycosecure.com/api/v2.
What industry is Payco in?
Payco's product category is Payment Processing. Its primary akta.pro industry code is FSAMABAA, Integrated Payment Processors (PSP/Acquirer), with a secondary code of FSAGABAE, Merchant-of-Record (MoR) & Payment Facilitation (PayFac) Infrastructure. Its NAICS code is 52232.