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Network Merchants Inc

Network Merchants Inc (NMI) history. Founded 2001, acquired USAePay 2021, Fullsteam 2024. Company timeline and market position.

Updated June 2025

Company Overview

Network Merchants, Inc. (NMI) is a payment tech company from Roseville, IL. Founded 2001, built a white-label gateway that became one of the most deployed in North America through ISO distribution. $200B+ annual volume, 250,000+ merchants.

Timeline

YearEvent
2001Founded in Roseville, IL
2000sGrowth through ISO channel
2017$100B+ annual volume
2021Acquires USAePay
2024Acquired by Fullsteam
Now$200B+ volume, 250K+ merchants

USAePay Acquisition

2021 acquisition expanded merchant base. USAePay continues as separate product with ongoing migration. See What Is USAePay?

Fullsteam

2024 acquisition positions NMI in broader payments/software ecosystem. Gateway continues under NMI brand.

Market Position

Dominant white-label gateway in North America. Unlike Authorize.Net (direct) or Stripe (full-stack), NMI focuses on B2B ISO distribution.

See NMI Gateway | What Is NMI?

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