Unified Payments

Unified Payments delivers advanced payment processing solutions that simplify transaction handling across various platforms, catering to businesses in retail, hospitality, and more. Unified Payments specializes in payment processing solutions that support a variety of transaction types. The company is headquartered in North Miami Beach, US. In April 2013, Unified Payments was acquired by Net Element, although the financial terms were not disclosed.

The founder's details are not specified. Unified Payments provides payment processing solutions that encompass online, in-person, and embedded finance transactions. Their offerings include a Banking-as-a-Service platform that enables businesses to launch banking accounts and branded debit cards without coding, along with customizable APIs and SDKs for integrating financial services into existing business frameworks. Their clientele includes retail merchants, independent sales organizations (ISOs), and independent software vendors (ISVs) primarily in the United States and Canada, addressing diverse payment acceptance needs.

Unified Payments earns revenue through transactional structures involving partnerships with ISOs and ISVs participating in their BIN Sponsorship Program, which allows them to grow alongside their merchants while earning residual income from merchant spending and account balances. Additional revenue stems from their financial services, including tailored banking programs for both consumers and business owners. They also retain a portion of transaction fees collected while providing prebuilt payment forms and links that facilitate online payment acceptance without requiring a dedicated website. Unified Payments plans to expand its product offerings and enter new geographic markets.

While specific new product launches are not detailed, they are strategically focusing on enhancing their Banking-as-a-Service capabilities. The acquisition by Net Element in April 2013 is expected to support these growth initiatives, although specific new market targets and timelines have not been disclosed.