April 2, 2019Blog Posts

TSG Top 300: Insights Learned by Analyzing 300+ U.S. Merchant Acquirers

TSG recently released its Top 300: Directory of U.S. Merchant Acquirers, a report that details key business statistics on over 300 of the nation’s payment processing players. Collectively, the entities in this directory are estimated to represent over 90% of all card payment volume in the country.

  • With the pending acquisitions of First Data and Worldpay, eight of the top 10 acquirers will have an exceedingly strong bank-channel
  • The top 5 players processed an estimated $4.3 trillion in card volume in 2018
  • 21% of the entities listed are publicly traded companies
  • Newer entrants from the technology space; Adyen, Stripe, Shopify, Square, & Braintree are all top 30 players by card volume
  • 61% of the entities listed offer cash advances or business loans
  • 40% of the top 10 were determined to have 10% or more growth in card volume, transactions and/or merchants since last year
  • 34% of the entities listed sell First Data’s Clover products
  • Chase made its way to the top of the list in terms of total U.S. est. card volume
  • Georgia is the most common headquarter state for the top 25 players
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