Mega Payments
Mega Payments is a Birmingham-based private company providing membership-based payment processing and merchant services, including POS technology, to independent merchants across the United States through direct and channel partnerships.
- Company typePrivate
- Founded-
- HeadquartersBirmingham, United States
- Headcount—
- GTM typeB2B
- OfferingServices
Mega Payments firmographics
Firmographics- Name
- Mega Payments
- Website
- https://megapayments.com
- Company type
- Private
- Operating status
- Operating
- Short description
- Mega Payments is a Birmingham-based private company providing membership-based payment processing and merchant services, including POS technology, to independent merchants across the United States through direct and channel partnerships.
- Ownership category
- akta.pro rank
Mega Payments industry classification
Industry- Product category
- Payment Processing
- akta.pro primary industry
- Integrated POS Payments (ISVs & Vertical POS Platforms) (FSAMADAD)
- akta.pro secondary industries
- POS Payment Software & Middleware (Terminal OS, Apps, Device Management) (FSAMADAC), Merchant-of-Record (MoR) & Payment Facilitation (PayFac) Infrastructure (FSAGABAE)
Keywords
Where Mega Payments is headquartered
LocationHeadquarters
- HQ city
- Birmingham
- HQ country
- United States
- HQ region
- North America
Markets served
Mega Payments business model
Business model- GTM type
- B2B
- Offering type
- Services
- Cost components
- Operations, Technology or R&D, Marketing or Sales, Personnel
Mega Payments product offering
Product offeringCore offering
Mega Payments provides membership-based payment processing and merchant services for businesses across the United States, with a specific focus on delivering point-of-sale (POS) technology solutions to independent merchants. The company serves as a distribution channel for POS technology aimed at small and independent retail operators.
Product overview
No detailed product information available from the provided sources. The source data indicates Mega Payments partnered with Vibe Retail to provide POS technology targeting independent merchants, but no specific product portfolio, modules, or named offerings are detailed in the available content.
Differentiator
Problem solved
Functional benefit
Products and services
- Membership-based Payment Processing Membership-based payment processing service offered to businesses across the United States as described in the company's short description. Targets merchants requiring payment processing infrastructure.
- Merchant Services Companion merchant services provided alongside payment processing for businesses across the United States, supporting merchants' operational payment needs.
Companies that use Mega Payments
Customer profileSegments1 record
Ideal customer profiles1 record
Mega Payments technology and API
TechnologyTechnology focussed No
API detail
- Has API
- No
- API docs
- API detail
Core technology
AI maturity
App detail
Mega Payments partnerships and signals
Strategic signalPartnerships
One partnership is on record.
- Vibe RetailminorVibe Retail has partnered with Mega Payments to target independent merchants with POS technology. This partnership enables Mega Payments to reach independent merchants through Vibe Retail's distribution network, while Vibe Retail can offer POS technology solutions to its merchant base.
Recent moves1 record
Expansion highlights1 record
Mega Payments competitors and assessment
Company assessmentDirect peers
- Clover (Fiserv): Clover is a leading SMB POS and merchant services platform owned by Fiserv, serving independent merchants across the US. Highly comparable to Mega Payments on integrated POS hardware/software and payment processing.
- Helcim: Helcim is a payment processor serving SMBs with transparent pricing and integrated POS tools. Comparable to Mega Payments on customer segment and merchant services offering.
- Toast: Toast is a leading POS and payments platform primarily serving restaurants but increasingly adjacent SMB verticals. Comparable integrated POS + payments model targeting independent operators.
- Stripe Terminal: Stripe Terminal provides POS hardware and integrated card-present payment processing for businesses, including SMBs and platforms. Comparable in combining payment processing with POS hardware/software.
- Square (Block): Square is the dominant integrated POS and payment processing platform for independent merchants and small businesses in the US. Closest direct peer to Mega Payments given overlapping customer segment and bundled POS + payments offering.
- Stax by Fattmerchant: Stax is a membership-based payment processor offering subscription pricing for SMBs, very similar model to Mega Payments. Direct peer based on both business model (membership) and target customer (independent merchants).
- Payment Depot: Payment Depot offers membership-based wholesale payment processing with interchange-plus pricing for SMBs. Nearly identical business model and target customer as Mega Payments.
- North Payments: North Payments is a US-based payment processor offering merchant services and POS solutions to small and independent businesses. Comparable business model and customer segment to Mega Payments.
- PayPal Zettle: PayPal Zettle offers POS hardware and integrated payment processing for small merchants and independent businesses. Directly comparable offering and customer base to Mega Payments.
Broad incumbents
- Lightspeed Commerce: Lightspeed is an established omnichannel POS and commerce platform for retail and restaurant SMBs. Overlaps with Mega Payments on integrated POS and merchant payments but with a much broader product suite.
Market position
Strengths4 records
Weaknesses4 records
Competitive moat1 record
Key risks4 records
Key highlights4 records
Customer concentration
Mega Payments financial estimates
Financial estimateRevenue estimate
Valuation estimate
Mega Payments leadership team
Management profileNumber of profiles
Mega Payments funding detail
Funding detailFunding overview
Funding rounds
Investors
Funding detail is available on the Subscription and Enterprise plan.Contact sales →
Mega Payments 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 Mega Payments
What does Mega Payments do?
Mega Payments provides membership-based payment processing and merchant services for businesses across the United States, with a specific focus on delivering point-of-sale (POS) technology solutions to independent merchants. The company serves as a distribution channel for POS technology aimed at small and independent retail operators.
When was Mega Payments founded?
Mega Payments was founded in -1.
Where is Mega Payments based?
Mega Payments is headquartered in Birmingham, United States, in the North America region.
Who are Mega Payments's main competitors?
Direct peers on record are Clover (Fiserv), Helcim, Toast, Stripe Terminal, Square (Block), Stax by Fattmerchant, Payment Depot, North Payments and PayPal Zettle. Lightspeed Commerce is listed as a broad incumbent.
Does Mega Payments have an API?
No public API is recorded for Mega Payments.
What industry is Mega Payments in?
Mega Payments's product category is Payment Processing. Its primary akta.pro industry code is FSAMADAD, Integrated POS Payments (ISVs & Vertical POS Platforms), with a secondary code of FSAMADAC, POS Payment Software & Middleware (Terminal OS, Apps, Device Management).