mypaymentsguy.com

What mypaymentsguy.com does

My Payments Guy LLC is a privately held, bank-neutral payment processor operating as an MSP/ISO of U.S. Bank and Wells Fargo Bank, N.A. Founded by three partners with a combined 35 years of payments-industry experience, the company serves small and medium-sized merchants across the United States and Canada, with a particular specialization in high-risk verticals (CBD, payday lenders, medicinal dispensaries, travel, sex shops) that mainstream processors decline. Its core product portfolio spans four POS hardware lines (Clover Mini, Poynt, PAX A920, HotSauce Restaurant POS), iPad and mobile payment solutions, countertop and wireless terminals, e-commerce gateway integrations, and a web-based invoicing virtual terminal, supported by a pre-certified INgenico iCT250 integrated solution that compresses typical 9-18 month certification timelines to weeks.

The company monetizes through a mix of percentage-based and flat per-transaction processing fees, recurring monthly account/maintenance fees ($5-$69.95 depending on product tier), hardware sales and rentals, and lifetime residuals paid to its agent-career and referral-partner channel. Go-to-market is consultative and sales-led: in-house relationship managers plus an outsourced agent network acquire SMB merchants via website quote requests, phone outreach, and partner referrals. Pricing is positioned as transparent, with no activation, deposit, or cancellation fees and a marketed 30%+ savings on swipe fees relative to Square, PayPal, and Stripe.

The technology layer is integration-heavy rather than proprietary: an open API connects to 50+ third-party business software platforms (Shopify, BigCommerce, WooCommerce, Ecwid, QuickBooks, Xero, MYOB, NetSuite, Deputy, Homebase, Mailchimp, Mangomint, Timely, Google Pointy), and the company is PCI-DSS compliant and PIPEDA-aligned. No funding rounds, revenue figures, or headcount are publicly disclosed.

Name

mypaymentsguy.com

Legal name

My Payments Guy LLC

Website

https://mypaymentsguy.com

Company type

Private

Founded year

2020

Operating status

Operating

Short description

My Payments Guy is a privately held, bank-neutral payment processor (MSP/ISO of U.S. Bank and Wells Fargo) that provides POS hardware, e-commerce, and invoicing solutions to SMB merchants across the U.S. and Canada, with a specialization in high-risk industries such as CBD.

Ownership category

akta.pro rank

Product category

Merchant Payment Processing Services

NAICS

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

SIC

Finance Services (6199), Miscellaneous Business Credit Institution (6159)

akta.pro primary industry

Integrated Payment Processors (PSP/Acquirer) (FSAMABAA)

akta.pro secondary industries

POS, SoftPOS & In-Person Acceptance Infrastructure (FSAGABAO), POS Payment Software & Middleware (Terminal OS, Apps, Device Management) (FSAMADAC), Card-Present Acquirers (Retail & POS Focus) (FSAMABAC), Bill Pay, Invoicing & Payables Platforms (BPAMAFAF)

Keywords

• Merchant payment processing
• POS systems
• Credit card processing
• High-risk merchant accounts
• Payment processing services

GTM type

B2B

Offering type

Services

Cost components

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

Revenue model

1. Transaction Processing Fees: Percentage-based fees on credit card transactions plus flat per-transaction fees. Rates vary by transaction type (qualified, mid-qualified, non-qualified) and method (swiped, keyed, NFC)
2. Monthly Account Fees: Recurring monthly fees for account maintenance, PCI compliance, and software packages ranging from $5-$69.95 per month depending on product tier
3. Hardware Sales: Sale of POS terminals and hardware bundles. Examples: HotSauce bundle at $450 after gift redemption, PAX A920 monthly rental model
4. Agent Residuals: Agent careers build their own book of business with lifetime residuals from referred merchants

Pricing tiers

Go-to-market motion2 records

Distribution channels4 records

Marketing channels5 records

Core offering

My Payments Guy is a bank-neutral merchant services provider (MSP/ISO) that delivers payment processing, POS hardware and software, e-commerce gateway integration, and an invoicing virtual terminal to small and mid-sized businesses across the U.S. and Canada. It operates as a consultative intermediary between merchants and Tier-1 credit card processors (U.S. Bank, Wells Fargo), with specialized processing channels for high-risk verticals such as CBD, payday lending, medicinal dispensaries, travel, and adult retail. Offerings span countertop and wireless terminals, mobile/iPad POS, restaurant POS (HotSauce), Clover Mini, Poynt, and PAX A920 systems, plus integrations with major e-commerce, accounting, employee management, and marketing platforms.

Product overview

My Payments Guy is a bank-neutral payment processor offering a portfolio of payment solutions targeting small businesses, retailers, restaurants, and high-risk CBD merchants. The core offering combines multiple POS hardware options (PAX A920, Clover Mini, Poynt, HotSauce Restaurant POS) with iPad/Mobile Payments, Wireless Terminals, Countertop Terminals, E-Commerce & Online Payments, and an Invoicing Virtual Terminal. Add-on modules include Gift Cards & Loyalty, Storefront inventory management, and Complete POS Systems with various business software integrations. The company provides transparent pricing with no activation, deposit, or cancellation fees across its product range.

Differentiator

Problem solved

Functional benefit

Products and services

• PAX A920 Mobile POS Handheld Android-powered POS with integrated camera, thermal printer, EMV, NFC contactless payments, and LTE/WiFi connectivity, designed for mobile merchants. Includes inventory tracking, geolocation, push notifications, and remote assistance at $19/month account fee plus $6/month PCI compliance and 2.39% + $0.10 qualified / 3.49% + $0.10 keyed transactions.
• Clover Mini Compact touch screen POS with WiFi and LTE, built-in receipt printer, camera, and barcode scanner accepting contactless NFC payments. Software packages include Full-Service Restaurant ($69.95/mo), Counter Service ($35.95/mo), Register Lite ($9.95/mo), and Register ($39.95/mo), with 2.3% + $0.10 qualified (Full-Service) and 2.69% + $0.10 qualified (Register Lite) transaction rates, plus $19/month account fee and $5/month data encryption.
• Poynt Smart Terminal Android-based smart terminal with built-in printer, camera, scanner, EMV and NFC payments, and business app marketplace. Software tiers: Basic ($0/mo), Advanced ($14.99/mo), Premium ($39.99/mo). Transaction pricing 2.29% + $0.10 qualified, 2.89% + $0.25 keyed, plus $19/month account fee and $6/month PCI compliance.
• HotSauce Restaurant POS Bundle Restaurant-specific POS by HotSauce with table service, quick service, pizza module, employee management, customer database, menu customization, online ordering, delivery, gift cards, loyalty, and 24x7 support. Sold as a $450 bundle (regular $850) with $69/month software fee; transaction rates 2.29% + $0.10 qualified and 2.99% + $0.10 non-qualified.
• Invoicing Virtual Terminal Web-based invoicing platform for sending email invoices, payment reminders, voiding invoices, real-time payment tracking, installment payments, recurring payments, and keyed-in payment processing. Pricing: $6/month account fee plus $19/month software fee (waived while processing), 2.3% + $0.10 qualified, 2.99% + $0.10 non-qualified, with $0.05 per address verification match.
• Wireless Terminals Industry-leading smart POS terminals with built-in fraud screening tools and PCI data security for wireless payment acceptance at SMB merchants.
• Countertop Terminals Payment terminals designed for speed, service, and convenience at the counter for in-store card-present transactions at SMB merchants.
• iPad & Mobile Payments Turn an iPad or tablet into a mobile payment solution with a free app for inventory building, order taking, reporting, and email/text receipts, targeted at businesses on the go.
• E-Commerce & Online Payments Accept online payments via pay buttons, hosted payment pages, or uploaded inventory for electronic invoices; connects to major e-commerce platforms (Shopify, WooCommerce, BigCommerce, Ecwid) through an open API.
• Integrated Payment Solutions (INgenico iCT250) Pre-certified INgenico iCT250 integrated payment solution that enables start-up software companies and merchants to have an integrated payment platform ready in weeks rather than the typical 9–18 month development and certification timeline, with significantly reduced development costs.

Quantifiable outcome

• Save over 30% on swipe fees compared to Square, PayPal & Stripe
• +2 more outcomes

Named customers15 records

Segments6 records

Ideal customer profiles4 records

Technology focussed No

API detail

Has API

Yes

API docs

API detail

Core technology

AI maturity

App detail

Integration18 records

Feature4 records

Partnerships

Nine partnerships are on record, tiered core.

• BigCommercecoreTechnology or IntegrationE-commerce platform integration. Merchants can connect online stores to accept payments through My Payments Guy's processing network.
• ShopifycoreTechnology or IntegrationE-commerce platform integration. Allows Shopify merchants to connect their online stores for seamless payment processing.
• WooCommercecoreTechnology or IntegrationWordPress e-commerce plugin integration. Enables WooCommerce store owners to accept credit card payments through My Payments Guy.
• INgenico (iCT250)coreTechnology or IntegrationPre-certified payment terminal. Using INgenico iCT250 enables startup companies to have integrated payment solutions ready in weeks instead of 9-18 months. Development and certification costs greatly reduced.
• ClovercoreTechnology or IntegrationCloud-based POS system offered through the company. Includes Full-Service Restaurant ($69.95/mo), Counter Service ($35.95/mo), Register Lite ($9.95/mo), and Register ($39.95/mo) software packages.
• PoyntcoreTechnology or IntegrationSmart terminal with Android OS. Offered with Basic ($0), Advanced ($14.99/mo), and Premium ($39.99/mo) software packages. Built-in printer, camera, scanner, EMV and NFC payments.
• PAX Technology (A920)coreTechnology or IntegrationHandheld POS powered by Android OS. Features integrated camera, thermal printer, EMV and NFC payments, LTE and WiFi connectivity. $19/month account fee.
• HotSauce (Restaurant POS)coreTechnology or IntegrationRestaurant-specific POS by HotSauce. Features table service, quick service, pizza module, employee management, customer database, menu customization, online ordering, delivery, gift cards, 24x7 support.
• Tier-1 Credit Card ProcessorscoreStrategic or Co-development PartnerEstablished relationships with registered agents for 3 of the largest Tier-1 credit card processors in U.S. and Canada. Strategic relationships enable selection of best platform for clients based on price, equipment, reporting, and developer options.

Scale indicators5 records

Recent moves5 records

Expansion highlights5 records

Direct peers

• Square (Block): Square competes head-on with My Payments Guy in SMB card-present and e-commerce acceptance, offering POS hardware (Square Terminal, Square Register) and transparent interchange-style pricing. It is the most direct competitor for the same small-business customer base and pricing narrative.
• Helcim: Helcim is a direct SMB-focused acquirer offering transparent interchange-plus pricing, online invoicing, POS hardware, and an in-house gateway. It is closely comparable to MPG on pricing transparency, SMB focus, and Canadian/U.S. footprint.
• Stax (formerly Fattmerchant): Stax is a subscription-based payment processor for SMBs offering interchange-plus pricing with monthly membership tiers. Its pricing model, target customer (small-to-mid merchants), and bundled software closely mirror MPG's recurring + transaction monetization.
• Payment Depot: Payment Depot is a payment processor specializing in interchange-plus pricing for SMBs, including those in higher-risk verticals. It is highly comparable on pricing transparency, SMB focus, and high-risk onboarding.
• National Processing: National Processing is an ISO/MSP offering merchant accounts, POS, and online processing for SMBs across the U.S. It is comparable as a similarly structured sales-led ISO with bank-neutral processing and SMB + high-risk merchant focus.
• CDG Commerce: CDG Commerce is a payment processor serving both SMB and high-risk merchants with transparent interchange-plus pricing. It is a direct competitor on the high-risk / CBD-friendly side of MPG's book.
• Durango Merchant Services: Durango Merchant Services is an ISO specializing in high-risk merchant accounts (CBD, nutraceuticals, adult, travel). It is a direct competitor in the niche high-risk underwriting channel that differentiates MPG.

Broad incumbents

• Stripe: Stripe is a dominant internet-era payments platform serving SMBs through enterprise-grade APIs. It overlaps with MPG's e-commerce and online invoicing offering and competes on developer experience and pricing, with much broader scale and capital base.
• PayPal: PayPal (including Braintree and Zettle) competes with MPG across both online checkout and SMB card-present acceptance. It is a broader incumbent with stronger brand, larger merchant base, and bundled checkout/SaaS ecosystem.
• Clover (Fiserv): Clover is a major SMB POS hardware and software platform from Fiserv. Although MPG resells Clover, Clover's direct-to-merchant sales force competes with MPG for the same restaurants and retailers considering Clover Mini or Clover Register.

Market position

Strengths4 records

Weaknesses4 records

Competitive moat4 records

Key risks6 records

Key highlights7 records

Customer concentration

• LinkedInlinkedin.com/company/my-payments-guy

Compliance3 records

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 mypaymentsguy.com