The top merchant acquirers in the United States consisted of Chase and Fiserv - a conglomerate that includes Citi, Santander and BBVA, among others - in 2023. Based on total purchase transactions, both two companies had a number of over 37 billion. FIS or Worldpay is the only other company with over 30 billion of transactions processed.
Payment card acquisitions
In such transactions, the acquirer is a bank or financial institution that processes credit or debit card payments for products or services of a merchant. Credit or debit cards are the preferred payment method for the majority of people in the United States. This market has particular growth potential in the developing world, where the number of non-cash transactions is projected to increase significantly in the coming years.
Credit card flexibility
New technologies are making credit card use easier, but they also provide alternatives. Mobile wallets such as Apple Pay and PayPal are increasingly commonly accepted by North American retailers. These generally make use of a credit card, but other mobile payment methods such as Venmo use direct bank transfers. To keep from losing market share to the banks, credit card companies might need to find a way to enter the peer-to-peer market.
Leading payment card processors for merchants - merchant acquirers - in the United States from 2015 to 2023, based on number of transactions processed
(in billions)
Visa and Mastercard transaction, source does not clarify American Express and/or Discover; Figures include credit, debit, and prepaid cards
Supplementary notes
The figures have been taken from several publications and, in certain cases, calculated by Statista. The source sometimes rounded figures, and sometimes did not.
Profit from the additional features of your individual account
Currently, you are using a shared account. To use individual functions (e.g., mark statistics as favourites, set
statistic alerts) please log in with your personal account.
If you are an admin, please authenticate by logging in again.
Learn more about how Statista can support your business.
Statista. (March 31, 2024). Leading payment card processors for merchants - merchant acquirers - in the United States from 2015 to 2023, based on number of transactions processed (in billions) [Graph]. In Statista. Retrieved September 19, 2024, from https://www.statista.com/statistics/263219/leading-payment-card-acquirers-in-the-united-states-by-purchase-volume/
Statista. "Leading payment card processors for merchants - merchant acquirers - in the United States from 2015 to 2023, based on number of transactions processed (in billions)." Chart. March 31, 2024. Statista. Accessed September 19, 2024. https://www.statista.com/statistics/263219/leading-payment-card-acquirers-in-the-united-states-by-purchase-volume/
Statista. (2024). Leading payment card processors for merchants - merchant acquirers - in the United States from 2015 to 2023, based on number of transactions processed (in billions). Statista. Statista Inc.. Accessed: September 19, 2024. https://www.statista.com/statistics/263219/leading-payment-card-acquirers-in-the-united-states-by-purchase-volume/
Statista. "Leading Payment Card Processors for Merchants - Merchant Acquirers - in The United States from 2015 to 2023, Based on Number of Transactions Processed (in Billions)." Statista, Statista Inc., 31 Mar 2024, https://www.statista.com/statistics/263219/leading-payment-card-acquirers-in-the-united-states-by-purchase-volume/
Statista, Leading payment card processors for merchants - merchant acquirers - in the United States from 2015 to 2023, based on number of transactions processed (in billions) Statista, https://www.statista.com/statistics/263219/leading-payment-card-acquirers-in-the-united-states-by-purchase-volume/ (last visited September 19, 2024)
Leading payment card processors for merchants - merchant acquirers - in the United States from 2015 to 2023, based on number of transactions processed (in billions) [Graph], Statista, March 31, 2024. [Online]. Available: https://www.statista.com/statistics/263219/leading-payment-card-acquirers-in-the-united-states-by-purchase-volume/