40 Burton Hills Blvd.
Nashville, TN, 37215 United States
iPayment doesn't want small businesses to pay an arm and a leg for credit and debit card processing. The company's approximately 133,000 clients are mostly small US merchants, firms taking money over the phone or Internet, and those that previously may have accepted only cash or checks as payment. iPayment markets through independent sales organizations and has grown by consolidating its niche, buying a dozen competitors and merchant portfolios since 2003. A typical iPayment merchant generates less than $185,000 of charge volume per year, with an average transaction value of about $70. Company co-founder Greg Daily sold his two-thirds' stake and stepped down as CEO in 2011.