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TSG Launches 2024 Survey for Directory of U.S. Merchant Acquirers

2024 Directory Of Merchant Acquirers Survey Announcement 01

Don’t miss your chance to be a part of the industry’s foremost resource on the merchant acquiring space! TSG has launched its submission period for the 2023 Directory of U.S. Merchant Acquirers. TSG’s Directory is a critical reference tool cited by major media and referenced by payments players worldwide. Over 320+ companies and 9,000+ data points were featured last year.

How to complete your company listing:

Submit your profile by February 16th for inclusion. The questionnaire should take 10 minutes or less. Update your current profile or be included for the first time!

Participation Benefits:

  • Free Listing + Brand Recognition among the leading companies
  • Deep Discount – full eReport at a 50% discount (must complete survey questions 1-3 in full to qualify)
  • High Growth – recognition of high growth from 2022-2023

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2023 Key Insights

  • The top five players processed an estimated $6.5 trillion in card volume in 2022. All five players have a strong bank sales channel, as they are either bank-owned or have bank partners/clients from other areas of their business. Nearly 60% of volume represented in the directory is processed by these top five players, and nearly 90% of the volume represented in the directory is processed by the top twenty-five listed players.
  • Looking at the top-ranked companies, JPMorgan Chase & Co. ranks first for estimated U.S. total processing volume at $2.15T, Fiserv ranks first for estimated U.S. total transactions at 48.5B, and Square ranks first for estimated U.S. total number of merchants at 3.2M.
  • Stripe broke into the top 10 of processing volume for the first time in 2022. Stripe announced they expect to process over a trillion dollars in volume in 2023 globally.
  • Adyen continued its strong pace of growth, increasing its dollar volume by over 50% in 2022. At Adyen’s current growth rate, they may break into the top 5 of merchant acquirers by U.S. processing volume in 2023.
  • Only five of the players listed are estimated to serve more than one million merchants. Square is estimated to serve 500,000 more merchants than the player with the estimated next highest number of clients, albeit its merchant clients have a smaller than average size.
  • (a Visa solution) is the payment gateway with the most partnerships among the acquirers listed, partnering with 42% of these players. This is an increase from 38% last year.
  • Five of the top ten players listed grew their 2022 volume by more than the combined average volume growth of Visa, Mastercard, Discover, and American Express of 12.6%.
  • 35% of the players listed sell Fiserv’s Clover point-of-sale products. This is down from 41% of providers that listed Clover as an available smart POS offering.
  • 37% of the players have more than one sponsor bank relationship.
  • California remained the most common headquarters state for the top 25 players and throughout the ~315 acquirers listed within the directory.
More insights and commentary sourced from last year’s Directory