Chase Merchant Services Buys WePay

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Chase Merchant Services Buys WePay

The largest U.S. merchant acquirer measured by Visa and Mastercard transactions handled in 2016 will purchase WePay, a company that provides integrated payment processing to companies that operate platform businesses and to independent software vendors (ISVs) to small businesses. Terms were not disclosed. The transaction is expected to be completed this year. WePay clients include GoFundMe, FreshBooks, and Constant Contact. Competitors include PayPal, Braintree, and Stripe as well as top acquirers with integrated processing services for small businesses. WePay will continue to exist in S...

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Nilson Report

1119

November 2017

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Payment Cards in the U.S.

U.S. Credit and Debit Card Purchase Volume Projected

U.S. Credit and Debit Card Purchase Transactions Projected

U.S. Credit Card Purchase Volume Market Shares

Outstandings on U.S. Credit Cards

U.S. Debit Card Purchase Volume Market Shares

U.S. Credit and Debit Cardholders

U.S. Credit and Debit Number of Cards

U.S. Credit and Debit Number of Accounts

U.S. Credit and Debit Total Volume

U.S. Credit and Debit Total Transactions

Mentioned Companies:

Chase Merchant Services Buys WePay

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