Tap Payments
Tap Payments is a private US payment services firm offering QR-code, POS, terminal, and e-commerce payment processing to retail, restaurant, and online merchants across the US and nine MENA markets via self-serve subscriptions and direct sales.
- Company typePrivate
- Founded2010
- HeadquartersPortland, United States
- Headcount51–100
- GTM typeB2B
- OfferingSoftware
What Tap Payments does
Tap Payments is a private US-based payment services company founded in 2010 and headquartered in Portland, with 51-100 employees and operations spanning the United States and nine Middle East and North Africa markets. The company offers a unified merchant payments suite anchored by a self-service QR-code checkout flow that lets customers scan a product, pay via mobile, and complete a purchase without employee interaction; the suite also includes a Point of Sale system with EMV and Apple/Samsung Pay support, stand-alone credit card terminals, e-commerce shopping cart processing, an Online Store with QR Store, and a Security Suite add-on.
The underlying technology is cloud-based payment infrastructure combining QR code generation and scanning, NFC card reading, EMV processing, mobile payment acceptance, and real-time reporting with inventory management and QuickBooks integration. The business model combines a per-transaction QR processing fee (3.5% plus $0.15), hardware sales for terminals and POS systems, and a tiered subscription stack (Free Starter at $0, Pro at $49.99/month, Enterprise at $99.99/month, QR Code Store Only at $199.99/month). Distribution is primarily self-serve PLG via online sign-up, supplemented by direct enterprise sales consultation and a MoneyHash integration partnership for MENA market reach.
Public scale claims include over $12 billion in annual sales volume processed and more than 15 million transactions per month, though these figures are not independently verified and the company's small employee base and external-domain contact infrastructure ([email protected], apps.jarvistec.com) suggest much of the volume may flow through partner processors rather than Tap's own balance sheet. The company reports no disclosed funding, no public leadership roster, and no app store presence, and it markets itself with a generic "Powered by A.I Technology" tagline without supporting technical detail.
Tap Payments firmographics
Firmographics- Name
- Tap Payments
- Legal name
- Tap Payments
- Website
- https://tap-pymts.com
- Company type
- Private
- Founded year
- 2010
- Operating status
- Operating
- Headcount range
- 51–100 employees
- Short description
- Tap Payments is a private US payment services firm offering QR-code, POS, terminal, and e-commerce payment processing to retail, restaurant, and online merchants across the US and nine MENA markets via self-serve subscriptions and direct sales.
- Ownership category
- akta.pro rank
Tap Payments industry classification
Industry- Product category
- Payment Processing
- akta.pro primary industry
- QR Code & Alternative In-Store Acceptance (QR, APMs) (FSAMADAH)
- akta.pro secondary industries
- Merchant Payment Gateways (API/Hosted Checkout) (FSAMACAA), Embedded Payments (Pay-ins, Pay-outs, Wallets) (FSAGALAB)
Keywords
Where Tap Payments is headquartered
LocationHeadquarters
- HQ city
- Portland
- HQ country
- United States
- HQ region
- North America
Markets served
Tap Payments business model
Business model- GTM type
- B2B
- Offering type
- Software
- Cost components
- Technology or R&D, Personnel, Operations, Marketing or Sales, Infrastructure, Supply Chain
Revenue model
- Transaction Processing Fees: Tap Payments charges 3.5% plus $0.15 per transaction for QR code processing. This is the primary revenue stream from payment processing services.
- Subscription Plans: Tiered subscription model with four plans: Free Starter ($0), Pro ($49.99/month), Enterprise ($99.99/month), and QR Code Store Only ($199.99). Provides recurring monthly revenue from merchants subscribing to premium features.
- Payment Terminal Hardware and Setup: Standalone credit card terminals and POS systems sold to merchants requiring hardware for in-person payment processing.
Pricing tiers
| Model | Billing | Price |
|---|---|---|
| Subscription | Monthly | Free Starter plan for merchants to begin processing payments at no monthly cost |
| Subscription | Monthly | Pro plan for growing businesses requiring additional features |
| Subscription | Monthly | Enterprise plan for large-scale merchants with comprehensive needs |
| Subscription | Monthly | QR Code Store Only plan for merchants wanting standalone QR store functionality |
| Transaction based/ take rate | Pay-as-you-go | Transaction-based QR code processing fees |
Go-to-market motion2 records
Distribution channels3 records
Marketing channels4 records
Tap Payments product offering
Product offeringCore offering
Tap Payments provides QR-based payment processing and merchant services, including point-of-sale systems, credit card terminals, and e-commerce payment gateways. The company enables merchants across retail, restaurant, and online channels to accept self-service payments via QR codes, mobile devices, and traditional card processing on a cloud-based platform serving customers such as Amazon, Walmart, IKEA, Walgreens, Woolworths, eBay, Red Robin, and BJ's Restaurant.
Product overview
Tap Payments is a payment technology provider offering a unified suite of payment processing solutions consisting of QR-based payments (Retail & Restaurant QR Processing, Online Store with QR Store), traditional card processing (Point of Sale System, Stand Alone Credit Card Terminal, Shopping Cart Payments), and ancillary services (Security Suite). The company operates on a tiered pricing model with Free Starter, Pro, Enterprise, and QR Code Store Only plans. Processing volume exceeds $12 billion annually across 15+ million monthly transactions, with the core differentiator being QR code technology that eliminates the need for employees to process payments.
Differentiator
Problem solved
Functional benefit
Products and services
- Retail & Restaurant QR Processing
Quantifiable outcome
- Merchants process over $12 billion in sales annually
- +3 more outcomes
Companies that use Tap Payments
Customer profileNamed customers8 records
Segments4 records
Ideal customer profiles5 records
Tap Payments technology and API
TechnologyTechnology focussed Yes
API detail
- Has API
- No
- API docs
- API detail
Core technology
AI maturity
App detail
Integration1 record
AI capability1 record
Feature4 records
Tap Payments partnerships and signals
Strategic signalPartnerships
One partnership is on record.
- MoneyHashcoreMoneyHash, a payment orchestration platform serving emerging and global markets, announced a partnership and integration with Tap Payments. The integration combines MoneyHash's orchestration layer with Tap's payment infrastructure, enabling merchants to accept a broader range of payment methods while maintaining routing control and operational visibility across channels and markets. The partnership aims to support scalable payment operations as digital commerce continues to grow across the Middle East and North Africa region.
Scale indicators7 records
Recent moves5 records
Expansion highlights5 records
Tap Payments competitors and assessment
Company assessmentDirect peers
- Lightspeed Commerce: Lightspeed offers cloud-based POS and payment processing for retail and restaurant SMBs with integrated e-commerce. Comparable full-stack offering for multi-location merchants, though positioned at the higher end of the SMB market.
- Block (Square): Block's Square is the dominant SMB payment processor offering card-present, QR-code, and POS solutions to retail and restaurant merchants. Directly comparable product suite (Square POS, Square Checkout, QR payments) and pricing model make it the primary competitive benchmark for Tap Payments.
- SumUp: SumUp is a mobile payment and POS provider focused on micro-merchants and SMBs across Europe, the Americas, and emerging markets. Comparable pricing model (transparent per-transaction rates, no monthly fees) and direct overlap on QR/mobile acceptance for small retailers.
- Helcim: Helcim is a payment processor offering transparent interchange-plus pricing, POS tools, and online checkout for SMBs. Comparable on transparent SMB payment processing and merchant education positioning.
- Toast: Toast is a purpose-built restaurant POS and payments platform with QR ordering, contactless payments, and integrated hardware. Highly comparable to Tap Payments on the restaurant segment, with much deeper vertical specialization and capital base.
- PayPal Zettle (formerly iZettle): PayPal Zettle delivers mobile card readers, POS software, and QR-code payments to small merchants globally. Closely comparable on the mobile/QR payment acceptance product for retail and cafe/restaurant segments.
- Clover (Fiserv): Clover is a POS and merchant services platform from Fiserv serving SMBs across retail and restaurant segments. Comparable in offering SMBs an integrated POS + payment processing stack, though distributed through bank ISOs rather than direct self-serve.
Broad incumbents
- Stripe: Stripe dominates online payment processing and Checkout for internet businesses, with growing POS and Terminal offerings. Comparable on the e-commerce/online checkout side of Tap Payments' portfolio, and a dominant incumbent in payment processing broadly.
Others
- MoneyHash: MoneyHash is a payment orchestration platform covering MENA and emerging markets. Listed as a Tap Payments partner rather than a competitor, but adjacent in the MENA payment ecosystem and the most direct counterpart in the region.
Emerging players
- Stax by Fattmerchant: Stax provides subscription-based payment processing with POS and online checkout for SMBs. Comparable on the subscription-pricing, SMB-focused positioning, though with stronger software layer than Tap Payments.
Market position
Strengths4 records
Weaknesses4 records
Competitive moat3 records
Key risks5 records
Key highlights6 records
Customer concentration
Tap Payments social profiles
Digital presenceTap Payments financial estimates
Financial estimateRevenue estimate
Valuation estimate
Tap Payments leadership team
Management profileNumber of profiles
Tap Payments funding detail
Funding detailFunding overview
Funding rounds
Investors
Funding detail is available on the Subscription and Enterprise plan.Contact sales →
Tap 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 Tap Payments
What does Tap Payments do?
Tap Payments provides QR-based payment processing and merchant services, including point-of-sale systems, credit card terminals, and e-commerce payment gateways. The company enables merchants across retail, restaurant, and online channels to accept self-service payments via QR codes, mobile devices, and traditional card processing on a cloud-based platform serving customers such as Amazon, Walmart, IKEA, Walgreens, Woolworths, eBay, Red Robin, and BJ's Restaurant.
Is Tap Payments a public or private company?
Tap Payments is a private company. It is classified as founder individual operated bootstrapped and is currently operating.
When was Tap Payments founded?
Tap Payments was founded in 2010. It employs 51 to 100 people.
Where is Tap Payments based?
Tap Payments is headquartered in Portland, United States, in the North America region.
How does Tap Payments make money?
Three revenue lines are on record. Transaction Processing Fees are the primary driver. The others are subscription Plans and payment Terminal Hardware and Setup.
Who are Tap Payments's main competitors?
Direct peers on record are Lightspeed Commerce, Block (Square), SumUp, Helcim, Toast, PayPal Zettle (formerly iZettle) and Clover (Fiserv). Stripe is listed as a broad incumbent. MoneyHash is listed as an others. Stax by Fattmerchant is listed as an emerging player.
Does Tap Payments have an API?
No public API is recorded for Tap Payments.
What industry is Tap Payments in?
Tap Payments's product category is Payment Processing. Its primary akta.pro industry code is FSAMADAH, QR Code & Alternative In-Store Acceptance (QR, APMs), with a secondary code of FSAMACAA, Merchant Payment Gateways (API/Hosted Checkout).