Last Switch Payment Solutions

What Last Switch Payment Solutions does

Last Switch Payment Solutions is a privately held merchant services broker founded in 2011 and headquartered in Minneapolis, Minnesota, with a satellite office in Anchorage, Alaska. The company targets small and medium-sized businesses across the United States through three service models: Traditional Processing (interchange-plus pricing across standalone terminals, point-of-sale, and virtual terminals, typically delivering approximately 30% savings versus prior processors), Dual Pricing (a PayLo-powered cash-discount platform that can eliminate up to 100% of merchant processing fees, with reported 400% acceptance growth in 2025), and Savings Splitter Service (an ongoing consulting engagement that works with a merchant's existing provider to negotiate and monitor rates without requiring a processor switch).

The business is a pure broker with no disclosed proprietary core technology, instead reselling and integrating processing rails from TSYS, Fiserv, PayLo, and PaymentCloud, and combining them with hardware and software from Paradise POS, SwipeSimple, Clover, and Dejavoo. Revenue is generated via transaction-based economics (interchange plus markup, cash-discount residuals, and consulting fees) plus equipment sales (terminals, POS hardware, supplies) and ancillary promotional offerings (free loaner terminals, statement analysis, supplies discounts).

Go-to-market relies on a combination of in-office outbound call specialists handling nationwide SMB cold-calling and field sales representatives covering the Midwest, Southeast, and Southwest US territories, supplemented by promotional offers and a planned partner/reseller Agent Portal relaunch in late 2026. The company does not disclose revenue, headcount trends, funding history, or leadership, and operates without disclosed patents, certifications, or AI/ML capabilities.

Name

Last Switch Payment Solutions

Legal name

Last Switch Payment Solutions

Website

https://lastswitch.com

Company type

Private

Founded year

2011

Operating status

Operating

Headcount range

11–50 employees

Short description

Last Switch Payment Solutions is a US-based merchant services broker founded in 2011 that helps small and medium-sized businesses reduce credit card processing fees through Traditional Processing, Dual Pricing (cash discount), and a Savings Splitter consulting service, distributing via field and inside sales teams.

Ownership category

akta.pro rank

Product category

Payment Processing / Merchant Services

NAICS

Financial Transactions Processing, Reserve, and Clearinghouse Activities (52232), Financial Transactions Processing, Reserve, and Clearinghouse Activities (522320)

SIC

Wholesale-Professional & Commercial Equipment & Supplies (5040)

akta.pro primary industry

Processor Back-End & Switch Providers (Issuer/Acquirer Processing Infrastructure) (FSAMABAJ)

akta.pro secondary industry

Recurring Billing, Subscriptions & Tokenized Payments (CRAFALAH)

Keywords

• Payment processing
• Merchant services
• Credit card processing
• Point of sale
• Cash discount processing

Headquarters

HQ city

Lake Elmo

HQ country

United States

HQ region

North America

Offices2 records

Markets served

GTM type

B2B

Offering type

Services

Cost components

Personnel, Marketing or Sales, Technology or R&D, Operations, Supply Chain

Revenue model

1. Traditional Processing Fees: Merchants pay Interchange Processing Fees PLUS additional processor fees for traditional merchant account services including standalone terminals, POS, and virtual terminals
2. Dual Pricing Services: Cash discount processing model that allows merchants to save up to 100% of processing fees through a differentiated pricing structure
3. Savings Splitter Consulting: Merchant services consulting working with existing providers to identify and implement cost savings on credit card processing
4. Equipment and Supplies: Sale of payment terminals, POS systems, and merchant supplies including paper rolls

Pricing tiers

Go-to-market motion3 records

Distribution channels4 records

Marketing channels4 records

Core offering

Last Switch Payment Solutions is a payment processing broker that sells and supports merchant accounts under three models: Traditional Processing (Interchange-Plus, typically 30% or more in savings versus prior processor), Dual Pricing / Cash Discount (can eliminate up to 100% of processing fees, accepted nearly 400% more in 2025), and Savings Splitter Service (a consulting layer that renegotiates rates with the merchant's existing processor). The company also resells payment hardware (Dejavoo Z9, SwipeSimple, Clover POS, Bluetooth EMV readers) and merchant supplies to SMBs in the Midwest, Southeast US, and Southwest US.

Product overview

Last Switch Payment Solutions is a payment processing broker offering three distinct service models: Traditional Processing (standalone terminals, POS, and virtual terminals with approximately 30% savings), Dual Pricing (compatible with various POS systems, offering up to 100% fee elimination, grew 400% in 2025), and Savings Splitter Service (consulting with current providers to reduce costs). Equipment offerings include Dejavoo Z9 terminals, SwipeSimple mobile suites, and Clover POS systems, along with Bluetooth EMV Mobile Readers for on-the-go processing. Additional features include Online Menu Ordering and Online Payments/Shopping Cart for ecommerce. Current promotional offers include free loaner terminals, 10% supplies discounts, and free statement analysis.

Differentiator

Problem solved

Functional benefit

Products and services

• Traditional Processing Broker service for traditional merchant accounts supporting standalone terminals, point of sale, and virtual terminals, where merchants pay Interchange Processing Fees plus additional processor fees. Merchants that switch typically see savings of around 30% or more compared to their previous processor.
• Dual Pricing Cash-discount payment processing that can save merchants up to 100% of their current processing fees; compatible with standalone terminals, point of sale systems, virtual terminals, and mobile devices.
• Savings Splitter Service Merchant services consulting engagement that works with a merchant's current payment processor to eliminate hundreds of dollars in processing costs without requiring the merchant to change POS vendor; includes ongoing monthly or quarterly monitoring of provider rates.
• Dejavoo Z9 Terminal Standalone payment terminal that processes credit, debit, EBT, fleet cards, and gift cards through IP, dial, Wi-Fi, or cellular networks; sold to merchants needing a dedicated countertop card acceptance device.
• SwipeSimple Multi-platform mobile-first payment and POS software suite with versatile hardware options for small businesses, enabling processing on phones, tablets, laptops, and desktops with cloud sync.
• Clover Point of Sale Industry-specific point of sale system that manages inventory, employee clock in/out, customer loyalty programs, full remote reporting, and streamlines workflow for merchants.
• Bluetooth EMV Mobile Reader Bluetooth-enabled mobile EMV card reader for on-the-go payment processing from Android or iOS devices using Wi-Fi or cellular signal.

Quantifiable outcome

• Merchants typically see savings of around 30% or more on traditional merchant services
• +3 more outcomes

Segments4 records

Ideal customer profiles2 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Integration5 records

Feature3 records

Partnerships

Five partnerships are on record, tiered core and minor.

• TSYScoreTechnology or IntegrationTSYS is a leading global provider of seamless, secure and innovative solutions to payment card issuers, financial institutions, and retail companies in approximately 80 countries worldwide.
• FiservcoreTechnology or IntegrationFiserv is a global fintech and payments company with solutions for commerce, merchant acquiring, billing and payments, and point-of-sale.
• Paradise POScoreTechnology or IntegrationRetail and restaurant owners choose Paradise POS because it combines legacy POS system functions with the convenience and simplicity of the iPad interface.
• PayLocoreTechnology or IntegrationPayLo is the leading Cash Discount Processing provider that allows merchants to eliminate up to 100% of their merchant processing fees.
• LendersAccessminorStrategic or Co-development PartnerWith access to over 2,500 lending programs nationwide, LendersAccess can provide Last Switch clients funding when they need it most, and fast.

Scale indicators6 records

Recent moves6 records

Expansion highlights5 records

Direct peers

• Payment Depot: SMB payment processor offering interchange-plus pricing with a focus on cost reduction versus traditional processors. Competes head-to-head with Last Switch's Traditional Processing tier for cost-sensitive SMBs.
• Flagship Merchant Services: SMB-focused merchant services ISO offering interchange-plus pricing, POS, and cash discount programs. Directly comparable to Last Switch in service mix and customer segment.
• North American Bancard: Large independent sales organization (ISO) and merchant services provider serving SMBs across multiple verticals with traditional processing and POS offerings. Comparable to Last Switch as a similarly structured SMB-focused payments broker.
• Stax Payments (Fattmerchant): Subscription-priced SMB payment processor with interchange-plus structure, POS integrations, and omnichannel acceptance. Closely comparable to Last Switch's Traditional Processing model in target segment and pricing approach.
• PaymentCloud: High-risk merchant account specialist serving SMBs with elevated fraud/chargeback exposure. Last Switch formally partners with PaymentCloud for high-risk verticals, making it both a partner and a directly adjacent competitor in the SMB processing market.
• Helcim: SMB-focused payment processor offering interchange-plus pricing, recurring billing, and an online payment gateway. Directly comparable to Last Switch in customer segment (SMBs), pricing philosophy (transparent interchange-plus), and omnichannel card acceptance model.
• Dharma Merchant Services: SMB payment processor with interchange-plus pricing, POS integrations, and a transparent pricing ethos. Comparable to Last Switch's Traditional Processing positioning and SMB focus.
• Total Merchant Services: Long-standing SMB payment processor and ISO offering traditional and cash-discount pricing. Comparable to Last Switch in target market, broker model, and tiered service approach.

Broad incumbents

• Square (Block): Dominant SMB payments and POS incumbent with hardware, software, and processing under one brand. Competes with Last Switch across the same SMB merchant segment, but with a much broader product portfolio and direct (non-broker) processing capability.
• Clover (Fiserv): Fiserv-owned SMB POS and payments platform that Last Switch distributes through. Overlaps with Last Switch's POS + processing offering at much greater scale; competes where merchants want an integrated POS+processing bundle rather than a broker.

Market position

Strengths4 records

Weaknesses4 records

Competitive moat4 records

Key risks6 records

Key highlights7 records

Customer concentration

• LinkedInlinkedin.com/company/last-switch

Revenue estimate

Valuation estimate

Number of profiles

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 Last Switch Payment Solutions