Secure Pay Service

What Secure Pay Service does

Secure Pay Service is a Miami-headquartered, founder-led Independent Sales Organization (ISO) that supplies credit card processing, ATM placement, and value-added merchant services to roughly 1,000 SMB and mid-market merchants across the United States. Its product portfolio spans counter terminals, wireless and mobile readers, full Clover and TouchBistro POS bundles, ATMs from Triton and Hyosung, and a services layer covering virtual terminals, payment gateway APIs, chargeback management, merchant cash advances, and cash-discount/surcharge programs.

The firm operates as an aggregator and reseller rather than a vertically integrated processor. Underlying processing runs through partnerships with Clover/Fiserv, WorldPay, and historical relationships with Retriever and NPC, while hardware is sourced from Verifone, Ingenico, PAX, and Clover. Customer-facing technology includes a browser-based virtual terminal, mobile readers (SwipeSimple B250), PCI-compliant tokenized vault storage, automatic card-updater services, and invoicing/pay-by-link APIs connecting to Authorize.net, Wix, and Shopify-hosted commerce storefronts.

Monetization follows a standard ISO stack: interchange-plus-plus rates priced between 1.0% and 3.0% per transaction with $0.10–$0.25 per-item fees by channel, plus recurring monthly account charges and hardware resale margins on bundled POS kits. The company also earns economics from merchant cash advance originations, cash-discount/surcharge program enrollment, and a small consulting line on POS selection and payment optimization. Go-to-market combines a sales-led direct team, a self-serve online pre-application, a reseller/partner channel, and content marketing through an educational blog and the Beyond the Register podcast, with 24/7 U.S.-based support positioned as a boutique differentiator versus high-volume acquirers.

Name

Secure Pay Service

Legal name

Secure Pay Service

Website

https://securepayservice.com

Company type

Private

Operating status

Operating

Headcount range

11–50 employees

Short description

Secure Pay Service is a Miami-based ISO that provides credit card processing, ATM placement, and merchant services to over 1,000 SMB and mid-market retailers, restaurants, and service businesses across the United States via partnerships with Clover/Fiserv, WorldPay, Verifone, and Ingenico.

Ownership category

akta.pro rank

Product category

Payment Processing Services

NAICS

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

akta.pro primary industry

Integrated Payment Processors (PSP/Acquirer) (FSAMABAA)

akta.pro secondary industries

POS, SoftPOS & In-Person Acceptance Infrastructure (FSAGABAO), Merchant Payment Gateways (API/Hosted Checkout) (FSAMACAA), In-Store Contactless & NFC Acceptance (Tap-to-Pay, EMV Contactless) (FSAMADAF), EMV Chip, Magstripe & PIN Debit Acceptance (FSAMADAG)

Keywords

• Merchant payment processing
• POS system reselling
• ATM placement services
• ISO merchant services
• Card-not-present processing

Headquarters

HQ city

Miami

HQ country

United States

HQ region

North America

Offices7 records

Markets served

GTM type

B2B

Offering type

Services

Cost components

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

Revenue model

1. Transaction Processing Fees: Percentage-based fees charged on credit card transactions processed, plus flat per-transaction fees. Rates vary by transaction type: Retail face-to-face (2.2% credit, 1.0% debit), MOTO (2.4% credit), E-commerce (2.6% credit), Mobile/Wireless (2.3% credit).
2. Cash Discount / Surcharge Programs: Program allowing merchants to pass credit card processing fees to customers paying with credit cards, with merchants eliminating fees for cash payments. Charges 3.0% credit, 1.25% debit under cash discount program.
3. POS Hardware Sales: Sale of payment terminals, POS systems, card readers, and related hardware including Clover devices, Verifone terminals, Ingenico devices, and complete bundle solutions.
4. Merchant Cash Advances: Alternative financing product where funds are provided based on future credit card sales, with repayments automatically deducted from daily or weekly batches.
5. Consulting Services: Payment integration, POS system selection, and business advisory consulting services including assistance with business planning and financial management.

Pricing tiers

Go-to-market motion1 record

Distribution channels3 records

Marketing channels4 records

Core offering

Secure Pay Service is an Independent Sales Organization (ISO) that provides merchant payment processing and ATM placement services to U.S. small and mid-market businesses. The company resells and integrates Clover, SwipeSimple, Verifone, PAX, and Ingenico POS hardware and terminals, plus Triton and Hyosung ATMs, and bundles them with credit/debit processing, MOTO, e-commerce, and mobile acceptance, value-added services such as chargeback management, next-day funding, cash discount/surcharge programs, and merchant cash advances.

Product overview

Secure Pay Service offers a comprehensive payment processing ecosystem encompassing multiple product categories: Credit Card and ATM Processing as core services, a portfolio of POS systems including Clover (Flex 4, Mini, Station, Station Duo, Station Restaurant with Flex), SwipeSimple mobile/virtual processing solutions, various PIN pads and terminals (Verifone E285, P400, T650c, M400; PAX A920; Ingenico Desk/Lane series), ATM solutions (Triton ARGO 7.0, Hyosung Hallo II), bundled POS systems (Retail POS System, POS Bundle, TouchBistro Restaurant Bundle), and value-added services including Virtual Terminal, Payment Gateway, MOTO Processing, Mobile Payments, Secure Vault, Card Updater, Invoicing, Cash Discount/Surcharge Programs, Chargeback Management, Next Day Funding, and Merchant Cash Advances. The company also provides consulting services and a podcast series. The product portfolio is designed to serve diverse business types including retail, restaurants, mobile vendors, and service-based businesses across various payment acceptance scenarios.

Differentiator

Problem solved

Functional benefit

Products and services

• Credit Card Processing

Quantifiable outcome

• Next business day funding for processed payments
• +2 more outcomes

Named customers3 records

Segments6 records

Ideal customer profiles3 records

Technology focussed Yes

API detail

Has API

Yes

API docs

API detail

Core technology

AI maturity

App detail

Integration8 records

AI capability2 records

Feature6 records

Partnerships

Seven partnerships are on record, tiered core.

• Clover (Fiserv)coreTechnology or IntegrationAuthorized reseller and integrator of Clover POS systems including Station, Station Duo, Station Restaurant with Flex, Flex, and Mini. Offers comprehensive Clover ecosystem for retail and restaurant merchants with preloaded software and accessories.
• FiservcoreTechnology or IntegrationMajor processing platform partner enabling payment processing services. Collaborated with on Clover products which are part of Fiserv portfolio.
• WorldPaycoreTechnology or IntegrationProcessing platform partner providing payment gateway and processing infrastructure for merchant services.
• Shopify Inc.coreTechnology or IntegrationE-commerce platform hosting the online store, providing the infrastructure for product sales and service delivery.
• VerifonecoreTechnology or IntegrationOffers Verifone POS terminals and PIN pads including T650c, P400, E285, and M400 for counter and mobile payment processing.
• IngenicocoreTechnology or IntegrationProvides Ingenico payment terminals including Desk/1500, Desk/3500, Desk/5000, and Lane/3000 for retail checkout environments.
• PAX TechnologycoreTechnology or IntegrationOffers PAX A920 smart mobile payment terminal combining Android tablet functionality with secure payment processing.

Scale indicators4 records

Recent moves6 records

Expansion highlights5 records

Direct peers

• Toast: Toast provides an integrated restaurant POS + payments platform with embedded processing and financing to SMB restaurants — overlapping Secure Pay Service's Clover Dining, TouchBistro, and restaurant merchant segments.
• Square (Block, Inc.): Square provides integrated card-present and card-not-present payment processing, POS hardware, and working-capital (Square Loans) to SMB merchants — directly overlapping Secure Pay Service's processing, hardware, and MCA offerings to similar retail and restaurant customers.
• Helcim: Helcim is an SMB-focused payment processor offering transparent interchange-plus pricing, virtual terminal, e-commerce, and POS integrations — closely comparable to Secure Pay Service's transaction-based pricing and SMB retail/restaurant focus.
• Stax Payments: Stax is a subscription-based payment processing platform targeting SMB and ISVs with transparent pricing and integrated software — comparable to Secure Pay Service's merchant-of-record-style processing and SMB GTM.
• Payment Depot: Payment Depot is a wholesale-style ISO offering interchange-plus merchant processing and POS solutions to SMBs — directly comparable to Secure Pay Service's ISO model, SMB merchant focus, and Clover/Verifone hardware portfolio.
• North American Bancard: North American Bancard is a large US ISO/merchant acquirer providing card-present, card-not-present, and value-added services to SMB merchants — directly comparable to Secure Pay Service's ISO model, processing pricing tiers, and SMB verticals.
• Stripe: Stripe delivers online and omnichannel payment processing, virtual terminal, invoicing, and API-based integrations to SMB and mid-market merchants — overlapping Secure Pay Service's e-commerce, MOTO, virtual terminal, and API gateway offerings.
• Clover (Fiserv): Clover is a core platform partner of Secure Pay Service but also competes with it by selling POS hardware and merchant processing direct to SMBs, including retail and restaurant verticals that Secure Pay Service targets.

Broad incumbents

• Lightspeed Commerce: Lightspeed offers integrated POS, payments, and commerce software for retail and restaurant SMBs, including embedded payment processing — overlapping Secure Pay Service's retail and restaurant verticals with a broader software-led suite.
• PayPal: PayPal provides online, in-person, and mobile payment processing plus working-capital products (Working Capital) for SMBs — comparable to Secure Pay Service's processing, virtual terminal, and merchant cash advance offerings at much larger scale.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat4 records

Key risks7 records

Key highlights7 records

Customer concentration

• Facebookfacebook.com/Secure-Pay-Service-FL-61565856345273
• Instagraminstagram.com/securepayservice
• LinkedInlinkedin.com/company/secure-pay-service

Compliance20 records

Revenue estimate

Valuation estimate

Number of profiles

Profiles1 record

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 Secure Pay Service