Smart Merchant Processing
- Company typePrivate
- Founded2008
- HeadquartersCoral Gables, United States
- Headcount11–50
- GTM typeB2B
- OfferingServices
What Smart Merchant Processing does
Smart Merchant Processing Corp is a Coral Gables, Florida-based, privately held payment processing company founded in 2008 by a former athlete. The firm operates as a registered Independent Sales Organization (ISO) of Wells Fargo Bank, N.A., and provides transaction-processing services to small and mid-sized merchants across the United States across ten verticals including groceries, gas stations, restaurants, retail, travel, healthcare, automotive dealerships, municipalities, professional services, and e-commerce. The company is led by founder and president Alex Fraser, with Steve Edwards serving as VP of Development, and operates with a staff of 11-50 employees.
The company's product stack centers on POS terminals and peripherals (with equipment from First Data, Eclipse, Verifone, Clover, Hypercom, and PAX), e-commerce payment gateways, contactless and NFC acceptance (Apple Pay, Google Pay, tap cards), check verification and conversion, EBT processing, gift card and loyalty programs, multi-currency conversion, and AI-flagged fraud monitoring. Smart Merchant Processing also operates the SmartCo Division sub-brand, which formalizes referral and joint venture partner economics, and the Smart Access sub-brand, a collaboration with Invictus Holdings Company that adds merchant M&A advisory, capital raising, and strategic partner introductions on top of the core payments offering.
Revenue is generated primarily through transaction-based fees on credit, debit, and electronic payment processing, supplemented by commissions paid to and from referral and joint venture partners. Pricing is quote-based and tailored to each merchant's volume and business type, with no public rate card. Go-to-market is sales-led, combining in-house development officers with a multi-tier referral and JV partner network distributed across the U.S. There are no public revenue figures, no disclosed funding rounds, and no institutional investors identified in the available data.
Smart Merchant Processing firmographics
Firmographics- Name
- Smart Merchant Processing
- Legal name
- Smart Merchant Processing Corp
- Website
- https://smartmerchantprocessing.com
- Company type
- Private
- Founded year
- 2008
- Operating status
- Operating
- Headcount range
- 11–50 employees
- Ownership category
- akta.pro rank
Smart Merchant Processing industry classification
Industry- Product category
- Merchant Payment Processing Services
- akta.pro primary industry
- Integrated Payment Processors (PSP/Acquirer) (FSAMABAA)
- akta.pro secondary industries
- Merchant Acquiring & Processing Platforms (BPAMAFAB), Merchant Acquiring & Card Processing (PSPs) (CRAFALAB), Merchant-of-Record (MoR) & Payment Facilitation (PayFac) Infrastructure (FSAGABAE)
Keywords
Where Smart Merchant Processing is headquartered
LocationHeadquarters
- HQ city
- Coral Gables
- HQ country
- United States
- HQ region
- North America
Offices2 records
Markets served
Smart Merchant Processing business model
Business model- GTM type
- B2B
- Offering type
- Services
- Cost components
- Personnel, Technology or R&D, Marketing or Sales, Operations, Infrastructure
Revenue model
- Payment Processing Services: Transaction-based fees from processing credit card, debit card, and electronic payments for merchants across various industries
- Partner Commissions: Commissions and bonuses paid to referral and joint venture partners for business introductions
Pricing tiers
| Model | Billing | Price |
|---|---|---|
| Transaction based/ take rate | Monthly | Quote-based pricing tailored to business needs |
Go-to-market motion2 records
Distribution channels3 records
Marketing channels4 records
Smart Merchant Processing product offering
Product offeringCore offering
Smart Merchant Processing is a merchant services provider that supplies businesses with payment processing solutions, including POS terminals and supplies, contactless payment acceptance, e-commerce solutions, check verification, gift card programs, and currency conversion. Operating as a registered ISO of Wells Fargo Bank, N.A., the company enables merchants across the United States to accept multiple payment methods, supported by AI-driven fraud prevention and real-time reporting tools.
Product overview
Smart Merchant Processing (SMP) is a payment processing company offering a comprehensive suite of merchant services built around their core POS terminals and supplies product. The company provides payment processing for various business types including groceries, gas stations, restaurants, retail, travel, healthcare, car dealerships, municipalities, and professional services. Their product portfolio includes POS terminals and peripherals (First Data, Eclipse, Verifone, Clover, Hypercom, PAX brands), e-commerce solutions, check verification, contactless payments, and gift card programs. Smart Access, a sub-brand launched in collaboration with Invictus Holdings Company, extends the offering into acquisition, joint venture, and capital investment services for merchants seeking to raise capital or find strategic partners.
Differentiator
Problem solved
Functional benefit
Brands
- SmartCo Division: A division offering partnership opportunities where referral and development partners can earn income through long-term revenue streams.
Products and services
- POS Terminals and Supplies
Companies that use Smart Merchant Processing
Customer profileNamed customers4 records
Segments10 records
Ideal customer profiles1 record
Smart Merchant Processing technology and API
TechnologyTechnology focussed No
API detail
- Has API
- No
- API docs
- API detail
Core technology
AI maturity
App detail
Feature6 records
Smart Merchant Processing partnerships and signals
Strategic signalPartnerships
Two partnerships are on record, tiered core.
- Wells Fargo Bank, N.A.coreSmart Merchant Processing is a registered ISO (Independent Sales Organization) of Wells Fargo Bank, N.A., headquartered in Concord, CA. This partnership enables the company to offer merchant processing services under the Wells Fargo banking infrastructure.
- Invictus Holdings CompanycoreInvictus Holdings Company collaborates with Smart Merchant Processing on the Smart Access program, which helps merchants and businesses raise capital, find financial or strategic partners, or buyers for their company. This partnership addresses merchant needs beyond traditional payment processing.
Scale indicators2 records
Recent moves7 records
Expansion highlights5 records
Smart Merchant Processing competitors and assessment
Company assessmentBroad incumbents
- Worldpay: Worldpay is a large merchant acquirer serving SMBs through partner/ISO programs and direct sales, broadly comparable to Smart Merchant Processing's bank-sponsored acquiring model.
- Fiserv: Fiserv is a large fintech incumbent providing acquiring, processing, and POS platforms (including Clover) across SMB and enterprise; overlaps with Smart Merchant Processing on full-stack merchant services.
- Global Payments: Global Payments is a major US merchant acquirer/processor operating across SMB and enterprise segments, comparable on integrated card processing and POS offerings.
- PayPal: PayPal is a broad incumbent offering payments, POS (Zettle), and checkout solutions for SMBs and larger merchants, overlapping with Smart Merchant Processing on SMB card acquiring and e-commerce.
Direct peers
- Stripe: Stripe is a developer-first integrated payment processor that competes for SMB and platform-driven merchants globally; compares to Smart Merchant Processing on payment processing for e-commerce and omnichannel merchants.
- North American Bancard: North American Bancard is a direct ISO competitor offering merchant processing and POS solutions to SMBs nationwide, with comparable bank-sponsored acquiring and partner program.
- Heartland Payment Systems: Heartland is a long-standing US ISO/payment processor serving SMBs across restaurant, retail, and service verticals with similar sales-led motion and bank-sponsored acquiring model.
- Square (Block): Block's Square is a leading integrated payments and POS platform serving SMB merchants across the US with hardware, software, and processing — directly overlapping with Smart Merchant Processing's core SMB acquiring and POS offering.
- Clover (Fiserv): Clover, a Fiserv business, sells POS hardware and software bundled with merchant processing — competing head-on with Smart Merchant Processing's POS-terminal-plus-processing offering.
Emerging players
- Stax: Stax is a subscription-based, transparent-payment-pricing challenger serving SMBs with flat-rate processing and software integrations — competing for the same merchant segment with a different pricing philosophy.
Market position
Strengths4 records
Weaknesses4 records
Competitive moat4 records
Key risks6 records
Key highlights7 records
Customer concentration
Smart Merchant Processing social profiles
Digital presenceSmart Merchant Processing financial estimates
Financial estimateRevenue estimate
Valuation estimate
Smart Merchant Processing leadership team
Management profileNumber of profiles
Profiles2 records
Smart Merchant Processing funding detail
Funding detailFunding overview
Funding rounds
Investors
Funding detail is available on the Subscription and Enterprise plan.Contact sales →
Smart Merchant Processing 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 Smart Merchant Processing
What does Smart Merchant Processing do?
Smart Merchant Processing is a merchant services provider that supplies businesses with payment processing solutions, including POS terminals and supplies, contactless payment acceptance, e-commerce solutions, check verification, gift card programs, and currency conversion. Operating as a registered ISO of Wells Fargo Bank, N.A., the company enables merchants across the United States to accept multiple payment methods, supported by AI-driven fraud prevention and real-time reporting tools.
Is Smart Merchant Processing a public or private company?
Smart Merchant Processing is a private company. It is classified as founder individual operated bootstrapped and is currently operating.
When was Smart Merchant Processing founded?
Smart Merchant Processing was founded in 2008. It employs 11 to 50 people.
Where is Smart Merchant Processing based?
Smart Merchant Processing is headquartered in Coral Gables, United States, in the North America region.
How does Smart Merchant Processing make money?
Two revenue lines are on record. Payment Processing Services are the primary driver. The others are partner Commissions.
Who are Smart Merchant Processing's main competitors?
Broad incumbents on record are Worldpay, Fiserv, Global Payments and PayPal. Direct peers are Stripe, North American Bancard, Heartland Payment Systems, Square (Block) and Clover (Fiserv). Stax is listed as an emerging player.
Does Smart Merchant Processing have an API?
No public API is recorded for Smart Merchant Processing.
What industry is Smart Merchant Processing in?
Smart Merchant Processing's product category is Merchant Payment Processing Services. Its primary akta.pro industry code is FSAMABAA, Integrated Payment Processors (PSP/Acquirer), with a secondary code of BPAMAFAB, Merchant Acquiring & Processing Platforms.