Who are Checkout.com's competitors?
Checkout.com is private and files no 10-K, so its rivals are named by the press. CNBC wrote in September 2025 that it competes with payment service providers such as Stripe, Adyen and PayPal; in the United States, where Checkout.com went live with direct acquiring under a Georgia merchant acquirer bank (MALPB) charter in September 2026, American Banker named Fiserv and Stripe as payments processing competitors that already hold the same charter. The rivals are larger by volume: businesses on Stripe generated $1.9 trillion in total volume in 2025, Adyen processed €803.8 billion in the first half of 2026, and PayPal's total payment volume was $486.4 billion in Q2 2026. Checkout.com processed over $300 billion in 2025, up 64%, returned to full-year EBITDA profitability, and serves more than 1,000 enterprise merchants including Uber, eBay and Spotify; it was valued at $12 billion in a September 2025 employee buyback, down from $40 billion in 2022. Forrester named it a Leader in its Merchant Payment Providers Wave for Q1 2026. On AI, each rival sells optimisation: Checkout.com says its Intelligent Acceptance engine has unlocked more than $20 billion of merchant revenue, Adyen Uplift ran at more than 6,500 businesses in its first year, Stripe's Payments Foundation Model raised card-testing detection by 64%, and Fiserv launched agentOS for banks in May 2026.[1][2][3][4][5][6][7][8][9][10][11][12]
Data as of Nov 2, 2026 · Checkout.com profile updated Oct 15, 2026 · 16 sources cited on this page · 56 fintechs profiled on this site · Markdown
What does Checkout.com say about its competition?
In its FY2025 results release of February 24, 2026, founder and CEO Guillaume Pousaz framed the contest as architecture: the results "validate the long-term architectural bet we made from day one: that a single, unified infrastructure would ultimately outmatch patched-together legacy systems," and "we now have the right to win in any category and every geography."[7]
The same release lists where it competes: over 1,000 enterprise merchants, 63 of them processing over $1 billion a year; an Issuing business at a $5 billion run rate in Q4 2025; alternative payment volumes up 104% in 2025; and agentic commerce, where it is live with Google's Universal Commerce Protocol and supports Visa Intelligent Commerce and Mastercard's Agentpay framework.[7]
In the United States the competition is for direct acquiring. American Banker reported that a Georgia MALPB charter would let Checkout.com operate as its own merchant acquirer and reduce its need for bank partners, and that other payments processing competitors, such as Fiserv and Stripe, have acquired the charter in recent years.[3]
Who are Checkout.com's main competitors, line by line?
One row per rival named by CNBC or American Banker. Scale figures are each company's own, for the period shown, on different bases. A dash means no sourced figure was found.
| Competitor | Where they compete | Dated scale figure | How they compare on AI | Sources |
|---|---|---|---|---|
| Stripe | Online payment processing for businesses (CNBC) and US merchant acquiring under a Georgia MALPB charter (American Banker) | $1.9 trillion in total volume on Stripe in 2025, up 34% | Payments Foundation Model, trained on tens of billions of transactions, raised detection of card-testing attacks on large businesses by 64% (May 2025) | CNBC; American Banker; Stripe[1][3][4][11] |
| Adyen | Payment processing for enterprise merchants (CNBC) | Processed volume of €803.8 billion, up 24%, and net revenue of €1,302.9 million in H1 2026 | Adyen Uplift, its AI payment-optimisation suite, ran at more than 6,500 businesses in its first year, with false positives down 42% on average | CNBC; Adyen[1][5][10] |
| PayPal | Online payments (CNBC) | Total payment volume of $486.4 billion, up 10%, in Q2 2026 | Its FY2025 10-K says it uses AI and machine-learning technologies in fraud prevention and risk management | CNBC; PayPal 8-K; PayPal 10-K[1][6][13] |
| Fiserv | US merchant acquiring; American Banker names it with Stripe as a payments processing competitor holding the Georgia MALPB charter | Total revenue of $21.2 billion in 2025 | Launched agentOS, an agentic AI operating system for banks, on May 14, 2026, with OpenAI and Amazon Web Services as key collaborators | American Banker; Fiserv 10-K; Fiserv[3][14][12] |
What companies are similar to Checkout.com?
Stripe: a payments company whose businesses generated $1.9 trillion in total volume in 2025; like Checkout.com it holds a Georgia MALPB charter for US acquiring, per American Banker.[4][3]
Adyen: a payments platform that processed €803.8 billion in the first half of 2026 and that CNBC names among Checkout.com's competitors.[5][1]
PayPal: a payments company with $486.4 billion of total payment volume in Q2 2026, named by CNBC as a Checkout.com competitor.[6][1]
Fiserv: a payments and financial technology provider with $21.2 billion of revenue in 2025 that, like Checkout.com, holds a Georgia MALPB charter for US merchant acquiring, per American Banker.[14][3]
What does the Checkout.com profile record on this topic?
The rows below are the entries of the Checkout.com AI strategy profile that bear on this page, as of Oct 15, 2026; the profile holds the full record of 12 dated moves, 6 use cases and 15 sources.
| Date | Move | Detail | Source |
|---|---|---|---|
| Sep 9, 2026 | Direct US acquiring goes live under the MALPB | Third phase of the charter journey; Jordan Reynolds said direct network access would deliver 'stronger performance, greater resilience, AI-powered payment optimization' for US enterprise merchants. | [2] |
| Jun 18, 2026 | Microsoft selects Checkout.com for EMEA payments | Card acceptance for Xbox, Microsoft 365 and Azure in EMEA, including Intelligent Acceptance, which Checkout.com said had unlocked over $20 billion in merchant revenue at 26,000 optimisations a minute. | [9] |
| Mar 5, 2026 | Forrester names Checkout.com a Leader; 2026 roadmap set | Top score in Merchant Experience in the Forrester Wave Merchant Payment Providers Q1 2026; roadmap includes a connective layer across agentic protocols, direct US acquiring, a platforms service and stablecoins. | [8] |
| Feb 24, 2026 | 2025 results: $300 billion volume, back to profitability, AI 'in every layer' | EBITDA profitability with margin above 10%; live with Google's Universal Commerce Protocol and supporting Visa Intelligent Commerce and Mastercard Agent Pay; AI cut due-diligence time 83%, automates rejected-transaction distribution and produces 2.7 million lines of code a month. | [7] |
| Feb 3, 2026 | Spotify signs for global acquiring and Intelligent Acceptance | Spotify (700 million monthly users, 280 million subscribers) will use Intelligent Acceptance, network tokens and authentication services across 180+ countries. | [15] |
| Jan 12, 2026 | Georgia approves the MALPB charter | The Georgia Department of Banking and Finance approved the Merchant Acquirer Limited Purpose Bank charter applied for in October 2025, allowing Checkout.com to become its own US acquirer; US volumes grew almost 70% in 2025. | [16][3] |
Who are Checkout.com's biggest competitors?
CNBC names Stripe, Adyen and PayPal as the payment service providers Checkout.com competes with, and American Banker adds Fiserv, which, like Stripe, holds the Georgia merchant acquirer bank charter that Checkout.com now uses for direct acquiring in the United States. All four are larger by volume or revenue.
What companies are similar to Checkout.com?
Stripe and Adyen are the closest: CNBC names both as payment service providers competing with Checkout.com, and Stripe also holds a Georgia MALPB charter. PayPal competes in online payments, and Fiserv in US merchant acquiring. Each is named as a Checkout.com competitor by CNBC (September 2025) or American Banker (January 2026).
How big is Checkout.com compared with Stripe and Adyen?
Checkout.com processed over $300 billion in 2025, up 64%. Businesses on Stripe generated $1.9 trillion in total volume in 2025, and Adyen processed €803.8 billion in the first half of 2026 alone. Checkout.com was valued at $12 billion in a September 2025 employee buyback, against $40 billion in 2022.
Is Checkout.com a public company?
No. Checkout.com is privately held and does not file annual reports with the SEC; CNBC reported in September 2025 that it set a $12 billion internal valuation for an employee share buyback, and that Stripe and Revolut have also let employees sell shares instead of going public.
How do Checkout.com's competitors use AI?
Stripe's Payments Foundation Model raised card-testing detection for large businesses by 64% (May 2025); Adyen Uplift, its AI optimisation suite, reached more than 6,500 businesses in its first year; PayPal uses AI in fraud prevention and risk management; and Fiserv launched agentOS in May 2026. Checkout.com's Intelligent Acceptance has unlocked more than $20 billion of merchant revenue, it says.
- Checkout.com valued at $12 billion in employee share buyback
- Checkout.com goes live with US direct acquiring under MALPB charter
- Checkout.com is approved for Georgia limited bank charter
- Stripe's 2025 annual letter
- Adyen publishes H1 2026 financial results
- PayPal Holdings second quarter 2026 earnings release (Form 8-K, Exhibit 99.1)
- Checkout.com returns to full-year profitability and surpasses $300B in volume, as it positions for the era of agentic commerce
- Checkout.com named a Leader by global analyst firm as it bets on agentic commerce and grows US business
- Checkout.com selected by Microsoft for digital payment performance
- Adyen launches Personalize inside Adyen Uplift
- Stripe Sessions 2025: Payments Foundation Model and new products
- Fiserv Launches agentOS: The Operating System for Agentic AI in Banking
- PayPal Holdings, Inc. Form 10-K for the fiscal year ended December 31, 2025
- Fiserv, Inc. Form 10-K for the fiscal year ended December 31, 2025
- Checkout.com announces strategic partnership with Spotify to power efficient, scalable payments globally
- Checkout.com secures approval for Georgia Bank charter, accelerating US expansion
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