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Unparalleled growth for PaymentMax has allowed the company to take a significant leap forward in the latest Inc 500 rankings. The payment processing firm rose to no. 11 in the 2011 edition of the magazine’s annual ranking of the fastest growing private entrepreneurial companies in the nation.

It represents a major climb from the 2010 Inc 500 rankings for PaymentMax. It came in at no. 151 on the list a year ago. Inc Magazine has released an annual list ranking the 500 fastest growing private companies throughout the United States since 1982.

The leap forward simply offers the latest sign of how PaymentMax has grown into a leader in the financial services industry in a short period of time. That represents an astonishing 3-year growth rate of 10,058 percent. It is no secret why this has happened. PaymentMax has revolutionized the entire financial services industry by offering lower rates, quicker account setup for merchants, rapid funding, more flexibility and around the clock customer support.

PaymentMax is headquartered in Thousand Oaks, California. Since it was first founded in 2004, PaymentMax has helped thousands of merchants across the nation manage credit card and debit card transactions. It offers payment processing solutions to many small to midsize retailers including restaurants, mail order companies, wireless companies, Internet businesses and health care providers.