Xplor Pay
Xplor Pay is the embedded payments division of Xplor Technologies, providing API-based payment processing, PayFac-as-a-Service, white-label payments, and embedded financing to vertical SaaS platforms and their merchants across 10+ countries.
- Company typePrivate
- Founded2012
- HeadquartersAtlanta, United States
- Headcount501–1,000
- GTM typeB2B
- OfferingSoftware
What Xplor Pay does
Xplor Pay, formerly Clearent and now the embedded payments arm of Xplor Technologies, is a payment technology platform purpose-built for vertical SaaS providers and the merchants they serve. The company offers a comprehensive API-first architecture spanning Transaction, Reporting, Boarding, Recurring Payments, Dispute Management, and Marketing APIs, plus a JavaScript Mobile Payments SDK, enabling software platforms to embed payment acceptance, merchant onboarding, subscription billing, dispute resolution, and marketing automation directly into their own products.
The product portfolio is organized around the Flex Framework, which allows partners to begin under a referral model and progressively evolve into hybrid or full PayFac as a Service arrangements as their payment volumes and operational sophistication grow. Adjacent modules include Xplor Capital (embedded business financing), White-Label Payments, and a suite of merchant-facing tools such as POS, mobile app, cash discounting, smart invoicing, and merchant financing. Supporting infrastructure covers underwriting, KYC/AML, risk management, and PCI DSS/P2PE compliance. The platform processes $47 billion annually across 66,000+ businesses and 800+ partners in more than 10 countries, with certifications including HIPAA, PCI DSS, and P2PE PCI validation.
Xplor Pay monetizes through transaction-based take rates, partner revenue share on referred merchant volume, residual economics on ISO/agent programs (with cash-discount and surcharging programs offering up to 3.5x residuals), and SaaS platform revenue share arrangements. Distribution is partner-led across ISVs, ISOs, agents, member associations, and financial institutions, supplemented by direct merchant self-service and a small enterprise field-sales motion. The company was founded in 2012, is headquartered in St. Louis, Missouri under legal entity Clearent, LLC, and has historically grown both organically and through targeted acquisitions of vertical SaaS assets (Service Autopilot, Wintac, Compassmax, Coolfront, FieldEdge, SPOT, Payment Alliance International's merchant services division, and the pending Ezypay deal).
Xplor Pay firmographics
Firmographics- Name
- Xplor Pay
- Legal name
- Clearent, LLC
- Website
- https://xplorpay.com
- Company type
- Private
- Founded year
- 2012
- Operating status
- Operating
- Headcount range
- 501–1,000 employees
- Short description
- Xplor Pay is the embedded payments division of Xplor Technologies, providing API-based payment processing, PayFac-as-a-Service, white-label payments, and embedded financing to vertical SaaS platforms and their merchants across 10+ countries.
- Ownership category
- akta.pro rank
Xplor Pay industry classification
Industry- Product category
- Embedded Payments Platform
- NAICS
- Sales Financing (52222), Custom Computer Programming Services (541511), Computing Infrastructure Providers, Data Processing, Web Hosting, and Related Services (518)
- SIC
- Services-Prepackaged Software (7372), Miscellaneous Business Credit Institution (6159)
- akta.pro primary industry
- Merchant-of-Record (MoR) & Payment Facilitation (PayFac) Infrastructure (FSAGABAE)
- akta.pro secondary industries
- Marketplace / Platform Acquiring (PayFac & Sub-Merchant Management) (FSAMABAF), Embedded Payments (Pay-ins, Pay-outs, Wallets) (FSAGALAB), PSP Aggregators / PayFac Enablement (Gateway Layer) (FSAMACAK), Recurring Billing & Subscription Payments Enablement (FSAMACAF), Bill Pay, Invoicing & Payables Platforms (BPAMAFAF)
Keywords
Where Xplor Pay is headquartered
LocationHeadquarters
- HQ city
- Atlanta
- HQ country
- United States
- HQ region
- North America
Offices3 records
Markets served
Xplor Pay business model
Business model- GTM type
- B2B
- Offering type
- Software
- Cost components
- Technology or R&D, Personnel, Operations, Infrastructure, Marketing or Sales, Supply Chain
Revenue model
- Transaction Processing Fees: Xplor Pay earns transaction fees on every payment processed through its platform. For SaaS partners, this creates recurring revenue streams as merchants process payments.
- PayFac as a Service Revenue Share: Platform revenue share arrangements with SaaS partners through referral, hybrid, or PFaaS models. Partners earn a percentage of net revenue generated by their merchant customers.
- SaaS Platform Embedded Payments: For vertical SaaS platforms, payments often become 40-70% of total revenue at scale. Xplor Pay enables platforms to monetize payments as a standalone business line.
- Cash Discount & Surcharging Programs: Partners can earn up to 3.5X residuals while helping merchants reduce processing costs up to 100% through cash discounting and surcharging programs.
Pricing tiers
| Model | Billing | Price |
|---|---|---|
| Transaction based/ take rate | Monthly | Referral Program - Revenue share without building processing in-house |
| Transaction based/ take rate | Monthly | Hybrid Model - Tailored combinations for strategic control |
| Transaction based/ take rate | Monthly | PayFac as a Service - Full payment facilitator capabilities |
Go-to-market motion3 records
Distribution channels7 records
Marketing channels7 records
Xplor Pay product offering
Product offeringCore offering
Xplor Pay operates an embedded payments platform designed for vertical SaaS platforms and merchants. For software providers, it delivers PayFac as a Service, embedded and white-label payments, embedded business financing, and a suite of APIs (transaction, reporting, boarding, recurring, dispute, marketing) plus a mobile SDK, all under a flexible Flex Framework that allows partners to evolve between referral, hybrid, and PFaaS models. For merchants, it provides payment processing, point-of-sale, mobile app, virtual terminal, hosted payments, and add-on services such as cash discounting, smart invoicing, merchant financing, and gift/loyalty programs.
Product overview
Xplor Pay (formerly Clearent) is a payment technology company offering a comprehensive platform of embedded payment solutions for vertical SaaS platforms and payment processing services for merchants. The portfolio is structured as a platform-plus-modules architecture. For SaaS providers, core offerings include the Flex Framework (enabling flexible evolution between referral, hybrid, and PayFac as a Service models), PayFac as a Service, Embedded Payments, White-Label Payments, Xplor Capital (embedded business financing), and a suite of APIs (Transaction API, Reporting API, Boarding API, Recurring Payments API, Dispute Management API, Marketing API) plus Mobile Payments SDK. For merchants, the platform provides payment processing, point-of-sale solutions, mobile app, virtual terminal, and value-added modules including cash discounting, payment protection, smart invoicing, merchant financing, recurring payments, gift cards/loyalty, and hosted payment options. The company also operates partner and merchant portals for account management.
Differentiator
Problem solved
Functional benefit
Products and services
- Xplor Pay Flex Framework A flexible embedded payments framework enabling SaaS platforms to evolve their payment strategies over time, supporting referral, hybrid, and PayFac as a Service models under a single platform.
- PayFac as a Service (PFaaS) Payment facilitation service enabling software providers to embed payments without taking on compliance, risk, or merchant onboarding complexity. Xplor Pay handles underwriting, KYC, AML, risk management, and PCI compliance.
- Embedded Payments Embedded and integrated payment solutions for vertical SaaS platforms to monetize payment processing within their software.
- White-Label Payments White-label payment solution allowing software providers to power their platform and elevate their brand with embedded payments.
- Xplor Capital (Embedded Capital) Low-code capital solution embedded in software, enabling SaaS platforms to offer business financing (loans, merchant cash advances, lines of credit) to their merchants.
- Transaction API API enabling seamless embedding of payment processing into software platforms for card-present and card-not-present transactions.
- Reporting API API providing robust reporting and payments insights for software providers.
- Boarding API API providing flexible solutions for merchant boarding and onboarding needs.
- Recurring Payments API API enabling software providers to monetize subscription billing from their software users.
- Dispute Management API API enhancing software with built-in dispute resolution capabilities to increase merchant retention and drive additional revenue.
- Marketing API (Integrated Marketing Growth Suite) API where data meets marketing automation, enabling integrated marketing growth for SaaS platforms.
- Mobile Payments SDK JavaScript SDK enabling secure mobile application payment acceptance for software providers, supporting card-present and card-not-present transactions.
- Payment Processing Simple, secure payment processing for small and medium-sized businesses.
- Xplor Pay Point of Sale (POS) Cloud-based, customizable point-of-sale solution for retail, restaurant, and other business types.
- Xplor Pay Mobile App Mobile application allowing merchants to accept credit cards on the go, with offline mode capability.
- Partner Portal All-in-one partner portal featuring real-time insights, simplified merchant boarding, support tools, and robust reporting suite.
- Merchant Portal Merchant portal providing easy access to transactions, reports, and account management.
Quantifiable outcome
- Businesses can reduce time to payment collection by up to 200 percent
- +3 more outcomes
Companies that use Xplor Pay
Customer profileNamed customers8 records
Segments5 records
Ideal customer profiles3 records
Xplor Pay technology and API
TechnologyTechnology focussed Yes
API detail
- Has API
- Yes
- API docs
- API detail
Core technology
AI maturity
App detail
Integration3 records
AI capability6 records
Feature9 records
Xplor Pay partnerships and signals
Strategic signalPartnerships
Five partnerships are on record, tiered core and minor.
- HaulvanacoreHaulvana, an Eugene, Oregon-based operating system for waste and recycling haulers, selected Xplor Pay as its exclusive payment processing partner. The partnership embeds Xplor Pay's payment technology into Haulvana's platform, enabling features such as ACH and card payments, automated invoicing, and real-time transaction reconciliation. This is Xplor Pay's first fully integrated waste management software relationship in the U.S.
- Gatemaster TechnologycorePartnered to drive seamless ticket sales and customer experiences for admission-based attractions including water parks, zoos, and adventure destinations. Gatemaster is a top POS and ticketing provider in this segment.
- ImprovificoreImprovifi selected Xplor Pay to power improviPay, bringing seamless payments to home improvement contractors. The solution completes the close-to-cash journey, helping contractors close more jobs and get paid faster.
- KORONA POScoreStrategic partnership to enhance payment processing for retailers using KORONA POS solutions. KORONA POS is a leading provider of point-of-sale solutions for retail, quick-service restaurants, and ticketing.
- WomplyminorPartnership to streamline access to Paycheck Protection Program (PPP) funds for small businesses during COVID-19 pandemic. Xplor Pay merchants gained streamlined access to PPP applications through Womply.
Scale indicators6 records
Recent moves7 records
Expansion highlights6 records
Xplor Pay competitors and assessment
Company assessmentBroad incumbents
- Adyen: Adyen is a global payment processor offering unified commerce, in-person, and platform payments. It competes with Xplor Pay for enterprise SaaS platforms but is a broader incumbent rather than a vertical-specialized player.
- Fiserv (Clover): Fiserv operates the Clover POS/Payments platform and is a major incumbent merchant acquirer, overlapping with Xplor Pay's SMB payment processing and PayFac enabling offerings.
Emerging players
- PaySimple: PaySimple provides integrated payment processing and recurring billing for SMBs and small SaaS platforms, overlapping with Xplor Pay's merchant processing and Recurring Payments API offerings at the lower end of the market.
Direct peers
- Block (Square): Square provides merchant payment processing plus embedded developer APIs that compete with Xplor Pay's payment processing and PayFac offerings, particularly for SMB and platform use cases.
- Stax (Fattmerchant): Stax is a payment facilitator-as-a-Service and subscription-based payment processor that targets ISVs and SaaS platforms, directly overlapping Xplor Pay's PayFac-as-a-Service model.
- Weave: Weave is a vertical SaaS for dental and healthcare practices with embedded payments and patient financing — comparable to Xplor Pay's healthcare-vertical partners and its Xplor Capital offering.
- SpotOn: SpotOn combines vertical SaaS (restaurants, retail) with embedded payment processing, competing with Xplor Pay for vertical SaaS partnerships in hospitality and retail segments.
- Toast: Toast is a vertical SaaS platform for restaurants that embeds payments directly into its software — a model Xplor Pay enables for other vertical SaaS platforms and a direct analog of vertical SaaS + embedded payments.
- Payment Depot: Payment Depot is a wholesale payment processor and ISO partner program that competes with Xplor Pay's ISO/agent channel and flat-rate merchant processing offerings.
- Stripe: Stripe Connect and Stripe Terminal provide embedded payments and PayFac-as-a-Service capabilities to software platforms. It is the most direct competitor to Xplor Pay's core API-driven embedded payments and PFaaS offerings, with significantly larger scale.
Market position
Strengths4 records
Weaknesses5 records
Competitive moat6 records
Key risks6 records
Key highlights7 records
Customer concentration
Xplor Pay social profiles
Digital presenceXplor Pay compliance and trust
Trust signalCompliance4 records
Xplor Pay financial estimates
Financial estimateRevenue estimate
Valuation estimate
Xplor Pay leadership team
Management profileNumber of profiles
Profiles6 records
Xplor Pay subsidiaries and ownership
Company hierarchySubsidiaries4 records
Xplor Pay funding detail
Funding detailFunding overview
Funding rounds2 records
Investors2 records
Funding detail is available on the Subscription and Enterprise plan.Contact sales →
Xplor Pay M&A and investment
M&A and investmentM&A6 records
Investments
M&A and investment is available on the Subscription and Enterprise plan.Contact sales →
Frequently asked questions about Xplor Pay
What does Xplor Pay do?
Xplor Pay operates an embedded payments platform designed for vertical SaaS platforms and merchants. For software providers, it delivers PayFac as a Service, embedded and white-label payments, embedded business financing, and a suite of APIs (transaction, reporting, boarding, recurring, dispute, marketing) plus a mobile SDK, all under a flexible Flex Framework that allows partners to evolve between referral, hybrid, and PFaaS models. For merchants, it provides payment processing, point-of-sale, mobile app, virtual terminal, hosted payments, and add-on services such as cash discounting, smart invoicing, merchant financing, and gift/loyalty programs.
Is Xplor Pay a public or private company?
Xplor Pay is a private company. It is classified as corporate owned and is currently operating.
When was Xplor Pay founded?
Xplor Pay was founded in 2012. It employs 501 to 1,000 people.
Where is Xplor Pay based?
Xplor Pay is headquartered in Atlanta, United States, in the North America region.
How does Xplor Pay make money?
Four revenue lines are on record. Transaction Processing Fees are the primary driver. The others are payFac as a Service Revenue Share, saaS Platform Embedded Payments and cash Discount & Surcharging Programs.
Who are Xplor Pay's main competitors?
Broad incumbents on record are Adyen and Fiserv (Clover). PaySimple is listed as an emerging player. Direct peers are Block (Square), Stax (Fattmerchant), Weave, SpotOn, Toast, Payment Depot and Stripe.
Does Xplor Pay have an API?
Yes. Xplor Pay offers a suite of APIs for software providers to embed payment functionality. Available APIs include Transaction API for payment processing, Reporting API for payments insights, Boarding API for merchant onboarding, Recurring Payments API for subscription billing monetization, Dispute Management API for built-in dispute resolution, and Marketing API for integrated marketing automation. The platform also provides a JavaScript SDK for card-present and card-not-present transaction integration. Developer documentation is at docs.xplorpay.com.
What industry is Xplor Pay in?
Xplor Pay's product category is Embedded Payments Platform. Its primary akta.pro industry code is FSAGABAE, Merchant-of-Record (MoR) & Payment Facilitation (PayFac) Infrastructure, with a secondary code of FSAMABAF, Marketplace / Platform Acquiring (PayFac & Sub-Merchant Management). Its NAICS code is 52222 and its SIC code is 7372.