Checkout.com Hits Triple-Digit US Growth and Launches New North American Payment Suite

Checkout.com has reported 126% year-over-year growth in US payment volume for Q2 2026, signaling a significant shift in the competitive landscape for enterprise processing. By securing direct acquiring status and launching a suite of platform and issuing tools, the firm is challenging established incumbents for high-volume North American merchant contracts.

What was announced

Checkout.com’s US operations are on track to surpass $100 billion in total processing volume by the end of 2026, following a 126% year-over-year increase in payment volume for Q2. This momentum is supported by a major product expansion aimed at North American enterprise merchants, including the launch of a dedicated "Platforms" solution. This tool allows marketplaces and SaaS providers to manage complex flows between sellers and geographies while embedding and monetizing payments without the regulatory burden of becoming a full Payment Facilitator (PayFac).

The company also revealed it is now one of only three firms processing via a Merchant Acquirer Limited Purpose Bank in the US. This status provides direct access to card networks, which Checkout.com utilizes to improve onboarding speed and payment performance. For merchants, this translates to greater control over the payment lifecycle and faster product rollouts.

Further infrastructure upgrades include the expansion of money movement capabilities. Real-Time Payments (RTP) will be added to the existing ACH offering in the US to reach the full banking population. In Canada, the firm is launching Pay-to-Card via Visa Direct and Mastercard Move to facilitate real-time funds movement. Additionally, the company is bringing its Issuing product to the US market, enabling merchants to create physical and virtual cards funded directly from their acquired balances. These developments are supported by growing teams in San Francisco, Atlanta, and New York, alongside a new operational hub in Mexico.

"We knew succeeding here meant building locally around the complexity, scale, and performance expectations of enterprise merchants in the US. That investment is translating into better outcomes for our customers – higher acceptance rates, lower latency, more control, and stronger overall payment performance. As we prove that value, our relationships deepen and merchants trust us with more of their business. That’s what’s driving the momentum we’re seeing today and the opportunity ahead in the US."

Zack Levine, Head of North America at Checkout.com.

The companies involved

Checkout.com is a global digital payments provider that has established itself as a primary challenger to legacy processors and first-generation fintech giants. Headquartered in London but with a rapidly expanding footprint across the Americas, the company specializes in high-volume enterprise transactions. Its client roster includes major global brands such as Uber, Spotify, eBay, Pinterest, Microsoft, and Coinbase.

The company’s strategy revolves around a unified, cloud-based platform that integrates acquiring, issuing, and fraud prevention. This vertical integration is designed to reduce the friction often found in fragmented payment stacks. In the North American market, Checkout.com is positioning itself as a high-performance alternative for businesses that require granular control over their payment flows and economics. The firm’s recent move to secure direct acquiring status through a Limited Purpose Bank puts it in an elite tier of processors, allowing it to bypass intermediaries and work directly with card networks to optimize authorization rates and reduce latency for its merchant partners. This local investment is overseen by Zack Levine, Head of US, Canada & Israel at Checkout.com, and Meron Colbeci, Chief Product Officer at Checkout.com.

What FF News has reported before

FF News has closely followed Checkout.com’s aggressive expansion into the enterprise sector throughout 2026. Just days ago, we reported that Best Buy Taps Checkout.com to Modernize Marketplace Payments Infrastructure, a move that aligns with the newly announced platform capabilities. Earlier in the summer, the company secured a major deal with Microsoft Taps Checkout.com to Power Digital Payments for Xbox, Azure, and Microsoft 365 in EMEA. The firm has also been active in the digital asset space, as seen when Checkout.com Partners with Coinbase to Launch Global Stablecoin Acceptance for Enterprise Merchants. Additionally, the company’s focus on consumer trends was highlighted in its Checkout.com Research: 33% of Consumers Expect AI-Driven Shopping Within the Next Year.

What this means

The triple-digit growth reported by Checkout.com suggests that the North American enterprise market is no longer a locked-in stronghold for domestic incumbents. By achieving direct acquiring status, Checkout.com is removing the "foreign" friction that often hampers European fintechs attempting to scale in the US. The pressure is now on established players to justify their legacy infrastructure against a unified platform that combines acquiring and issuing. The real test for the sector will be whether this "all-in-one" liquidity model—funding cards from acquired balances—becomes the new standard for marketplace economics, potentially forcing a wave of consolidation among niche payment providers who cannot offer a similar closed-loop ecosystem.