U.S. SECURITIES AND EXCHANGE COMMISSION
                             WASHINGTON, D.C. 20549

                                   FORM 10-QSB

                                   (MARK ONE)

[X] QUARTERLY REPORT UNDER SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF
1934 FOR THE QUARTERLY PERIOD ENDED SEPTEMBER 30, 2002

[ ] TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE
ACT OF 1934 FOR THE TRANSITION PERIOD FROM __________.TO.__________

                         COMMISSION FILE NUMBER 0-17874

                              GLOBAL AXCESS CORP.


        (EXACT NAME OF SMALL BUSINESS ISSUER AS SPECIFIED IN ITS CHARTER)

                  NEVADA                               88-0199674
     (STATE OR OTHER JURISDICTION OF                (I.R.S. EMPLOYER
      INCORPORATION OR ORGANIZATION)               IDENTIFICATION NO.)

                            221 Ponte Vedra Park Dr.
                        PONTE VEDRA BEACH, FLORIDA 32082
               (ADDRESS OF PRINCIPAL EXECUTIVE OFFICES)(ZIP CODE)

                                 (904) 280-8500
                          (ISSUER'S TELEPHONE NUMBER)

Check whether the issuer (1) filed all reports required to be filed by Section
13 or 15(d) of the Exchange Act during the past 12 months (or for such shorter
period that the registrant was required to file such reports), and (2) has been
subject to such filing requirements for the past 90 days.
Yes  X No.

Number of shares outstanding of each of the issuer's classes of common equity,
as of October 30, 2002:

23,143,148 Shares of Common Stock.

Transitional Small Business Disclosure Format (Check One): Yes    No  X


<PAGE>
                              GLOBAL AXCESS CORP.

                                      INDEX

PART I  FINANCIAL INFORMATION                                      Page No.

Item 1.  Condensed Financial Statements (Unaudited)
Condensed Consolidated Balance Sheet (Unaudited)                          3
Condensed Consolidated Statements of Operations (Unaudited)               4
Consolidated Statements of Cash Flows (Unaudited)                         5
Notes to Consolidated Financial Statements (Unaudited)                    6

Item 2.  Management's Discussion and Analysis of Financial
Condition and Results of Operations                                      10
Item 3.  Controls and Procedures                                         14

PART II OTHER INFORMATION

Item 1.  Legal Proceedings                                               15
Item 2.  Changes in Securities and Use of Proceeds                       15
Item 3.  Defaults Upon Senior Securities
Item 4.  Submission of Matters to a Vote of Security Holders
Item 5.  Other Information
Item 6.  Exhibits and Reports on Form 8-K                                15

SIGNATURES                                                               16


                                        2
<PAGE>
<TABLE>
<CAPTION>
PART  1

ITEM  1  FINANCIAL  STATEMENTS

                                         GLOBAL  AXCESS  CORP.
                                CONDENSED  CONSOLIDATED  BALANCE  SHEET



                                                ASSETS

                                                                  September 30, 2002    December 31, 2001
                                                                 --------------------  -------------------
                                                                     (UNAUDITED)
<S>                                                              <C>                   <C>
Current assets
  Cash                                                           $           185,221   $          255,022
  Automated teller machine vault cash                                        757,824            2,625,133
  Accounts receivable, net                                                   351,534              432,802
                                                                 --------------------  -------------------
    Total current assets                                                   1,294,579            3,312,957

Fixed assets, net                                                          1,891,418            2,582,662

Other assets
  Intangible assets, net                                                   2,090,840            2,262,909
  Other assets                                                                62,655               15,676
                                                                 --------------------  -------------------

Total assets                                                     $         5,339,492   $        8,174,204
                                                                 ====================  ===================

                                    LIABILITIES AND STOCKHOLDERS' EQUITY

Current liabilities
  Accounts payable and accrued liabilities                       $         1,189,482   $        1,496,403
  Automated teller machine vault cash payable                                757,824            2,625,133
  Stock payable                                                                   --               38,400
  Due to related parties                                                     193,000              962,398
  Notes payable-related parties - current portion                            307,429              213,228
  Notes payable - current portion                                            159,106              212,454
  Capital lease obligations - current portion                                295,854              852,851
                                                                 --------------------  -------------------
    Total current liabilities                                              2,902,695            6,400,867

Long-term liabilities
  Due to related parties - long-term portion                                 209,947                   --
  Notes payable-related parties - long-term portion                          403,859              447,447
  Notes payable - long-term portion                                           59,352               45,742
  Capital lease obligations - long-term portion                              109,408              297,358
                                                                 --------------------  -------------------
Total Long-term Liabilities                                                  782,566              790,547

Total liabilities                                                          3,685,261            7,191,414


Stockholders' equity
  Preferred stock $0.001 par value; 25,000,000 shares
    authorized, 0 shares issued and outstanding                                   --                   --
  Common stock; $0.001 par value; 75,000,000 shares authorized,
    24,059,148 shares issued and 23,059,148 outstanding                       23,059               18,590
  Additional paid-in capital                                               8,256,663            7,592,371
  Accumulated deficit                                                     (6,625,492)          (6,628,171)
                                                                 --------------------  -------------------
    Total stockholders' equity                                             1,654,231              982,790
                                                                 --------------------  -------------------

Total liabilities and stockholders' equity                       $         5,339,492   $        8,174,204
                                                                 ====================  ===================

                         SEE ACCOMPANYING NOTES TO FINANCIAL STATEMENTS
</TABLE>


                                        3
<PAGE>
<TABLE>
<CAPTION>
                                                  GLOBAL  AXCESS  CORP.
                                   CONDENSED  CONSOLIDATED  STATEMENTS  OF  OPERATIONS
                                                       (UNAUDITED)


                                                     Three Months Ended September 30,        Nine Months Ended September 30,
                                                  ------------------  ------------------  -----------------  ------------------
                                                         2002                2001               2002                2001
                                                  ------------------  ------------------  -----------------  ------------------
<S>                                               <C>                 <C>                 <C>                <C>
Revenues                                          $       2,523,956   $       3,028,346   $      8,296,349   $       3,554,616

Cost of Revenues                                          1,434,340           2,398,852          5,669,210           3,248,506
                                                  ------------------  ------------------  -----------------  ------------------

  Gross Profit                                            1,089,615             629,494          2,627,138             306,110

Operating expenses
  General and administrative                              1,062,030           2,439,373          2,845,866           3,103,213
                                                  ------------------  ------------------  -----------------  ------------------

    Total operating expenses                              1,062,030           2,439,373          2,845,866           3,103,213
                                                  ------------------  ------------------  -----------------  ------------------

Income (loss) from Operations                                27,586          (1,809,879)          (218,727)         (2,797,103)

Other income (expense)
  Vendor Reimbursement/Other Income                              --                  --            282,500                  --
  Other Income                                               27,375                  --             27,375                  --
  Loss on sale of fixed assets                                   --                  --            (32,956)                 --
  Impairment of intangible assets                                --          (1,742,181)                 -          (1,742,181)
  Interest income (expense)                                 (34,358)            (66,750)           (54,512)            (98,500)
                                                  ------------------  ------------------  -----------------  ------------------

    Total other income (expense)                             (6,983)         (1,808,931)           222,407          (1,840,681)
                                                  ------------------  ------------------  -----------------  ------------------

Income (loss) before provision for income taxes              20,602          (3,618,810)             3,679          (4,637,784)

Provision for income taxe benefit (expense)                  (8,000)                 --             (1,000)                 --
                                                  ------------------  ------------------  -----------------  ------------------

Net income (loss)                                 $          12,602   $      (3,618,810)  $          2,679   $      (4,637,784)
                                                  ==================  ==================  =================  ==================

Basic and diluted income (loss) per common share  $            0.00   $           (0.21)  $           0.00   $           (0.41)
                                                  ==================  ==================  =================  ==================

Basic weighted average
  common shares outstanding                              23,617,481          17,446,172         21,621,886          11,370,024
                                                  ==================  ==================  =================  ==================

                                       SEE ACCOMPANYING NOTES TO FINANCIAL STATEMENTS
</TABLE>


                                        4
<PAGE>
<TABLE>
<CAPTION>
                                           GLOBAL  AXCESS  CORP.
                            CONDENSED  CONSOLIDATED  STATEMENTS  OF  CASH  FLOWS
                                                (UNAUDITED)


                                                                          Nine months ended September 30,
                                                                       ----------------  -------------------
                                                                             2002               2001
                                                                       ----------------  -------------------
<S>                                                                    <C>               <C>
Cash flows from operating activities:
  Net income (loss)                                                    $         2,679   $       (4,637,784)
  Adjustments to reconcile net loss to net
   cash provided by operating activities:
    Stock based compensation                                                    95,971              620,449
    Depreciation and amortization                                              866,880              898,949
    Impairment of intangible assets related to acquired operations                  --            1,742,181
    Loss on sale of fixed assets                                                32,956                   --
  Changes in operating assets and liabilities:
    Change in automated teller machine vault cash                            1,867,309                   --
    Change in accounts receivable, net                                          81,268               11,738
    Change in other assets                                                     (32,579)              25,832
    Change in accounts payable and accrued liabilities                        (260,957)             939,752
    Change in automated teller machine vault cash payable                   (1,867,309)                  --
    Change in due to related parties                                           (44,500)                  --
                                                                       ----------------  -------------------
      Net cash provided by operating activities                                741,719             (398,883)

Cash flows from investing activities:
  Purchase of fixed assets                                                    (144,073)             (97,371)
  Proceeds from sale of fixed assets                                            65,950                   --
                                                                       ----------------  -------------------
      Net cash used by investing activities                                    (78,123)             (97,371)

Cash flows from financing activities:
  Proceeds from issuance of common stock                                           675              599,957
  Proceeds from borrowing on notes payable - related parties                   100,000            2,296,764
  Principal payments on notes payable - related parties                        (49,387)                  --
  Proceeds from borrowing on notes payable                                          --              163,593
  Principal payments on notes payable                                          (39,738)              (7,844)
  Principal payments on capital lease obligations                             (744,947)            (269,671)
                                                                       ----------------  -------------------
      Net cash provided (used) by financing activities                        (733,397)           2,782,799
                                                                       ----------------  -------------------

Net increase (decrease) in cash                                                (69,801)           2,286,545

Cash, beginning of period                                                      255,022                   --
                                                                       ----------------  -------------------

Cash, end of period                                                    $       185,221   $        2,286,545
                                                                       ================  ===================

Supplemental disclosure of cash flow information:
  Cash paid for income taxes                                           $            --   $               --
                                                                       ================  ===================
  Cash paid for interest                                               $       (55,839)  $               --
                                                                       ================  ===================

Schedule of non-cash financing activities:
  Issuance of 600,000 shares of common stock in exchange for
    acquisition of Tallent & Associates, LLC                           $            --   $          600,000
                                                                       ================  ===================
  Issuance of 55,000 shares of common stock in satisfaction of
    $55,000 note payable                                               $            --   $           55,000
                                                                       ================  ===================
  Issuance of 775,000 shares of common stock in satisfaction of
    $775,000 note payable                                              $            --   $          775,000
                                                                       ================  ===================
  Issuance of 2,203,737 shares of common stock in exchange for
    acquisition of Netholdings.com, Inc.                               $            --   $            2,204
                                                                       ================  ===================
  Issuance of 500,000 shares of common stock in exchange for
    prepaid consulting services                                        $            --   $          500,000
                                                                       ================  ===================
  Issuance of 3,725,000 shares of common stock in exchange for
    acquisition of Nationwide Money Services, Inc.                     $            --   $        3,725,000
                                                                       ================  ===================
  Issuance of 258,357 shares of common stock in exchange for
    acquisition of ATM International, Inc. merchant servicing
    contracts                                                          $            --   $          258,357
                                                                       ================  ===================
  Issuance of 541,633 shares of common stock in exchange for
    acquisition of SmartATM Management, Ltd. merchant servicing
    contracts                                                          $            --   $          541,633
                                                                       ================  ===================
  Issuance of 34,445 shares of common stock in exchange for
    acquisition of equipment from RBSI                                 $            --   $           34,445
                                                                       ================  ===================
  Issuance of 3,961,166 shares of common stock in satisfaction of
    due to related parties                                             $       514,951   $               --
                                                                       ================  ===================
  Issuance of 80,000 shares of common stock in satisfaction of
    stock payable                                                      $        38,400   $               --
                                                                       ================  ===================
  Issuance of 37,299 shares of common stock in satisfaction of
    account payable                                                    $         4,364   $               --
                                                                       ================  ===================
  Cancellation of 300,000 shares of common stock previously issued     $           300   $               --
                                                                       ================  ===================
  Issuance of 80,000 shares of common stock
    for purchase of software                                           $        14,400   $               --
                                                                       ================  ===================
  Cancellation of 1,020,000 shares of common stock previously issued   $         1,020   $               --
                                                                       ================  ===================

                           SEE ACCOMPANYING NOTES TO FINACIAL STATEMENTS
</TABLE>


                                        5
<PAGE>
PART I Financial Information

                               GLOBAL AXCESS CORP.
NOTE 1.  Basis of Presentation

     The  accompanying  condensed  consolidated  financial  statements have been
prepared  in accordance with Securities and Exchange Commission requirements for
interim  financial  statements.  Therefore,  they  do  not  include  all  of the
information  and  footnotes required by accounting principles generally accepted
in the United States for complete financial statements. The financial statements
should  be read in conjunction with the Forms 10-KSB for the year ended December
31,  2001  of  Global  Axcess  Corp.  ("the  Company").

     The interim condensed consolidated financial statements present the balance
sheets,  statements of operations, and cash flows of Global Axcess Corp. and its
subsidiaries.  All  significant  intercompany  balances  have been eliminated in
consolidation.

     The  interim condensed consolidated financial information is unaudited.  In
the  opinion  of  management,  all  adjustments  necessary to present fairly the
financial  position  as  of September 30, 2002 and the results of operations and
cash  flows  presented  herein  have been included in the condensed consolidated
financial statements.  Interim results are not necessarily indicative of results
of  operations  for  the  full  year.

     The  preparation  of  financial  statements  in  conformity with accounting
principles  generally  accepted in the United States requires management to make
estimates  and  assumptions  that  affect  the  reported  amounts  of assets and
liabilities  and  disclosure of contingent assets and liabilities at the date of
the  financial  statements  and  the  reported  amounts of revenues and expenses
during  the  reporting period. Actual results could differ from those estimates.

NOTE 2.  ISSUANCE AND CANCELLATION OF COMMON STOCK

     Pursuant to an employment agreement with Daryl Idler, a director and former
general  counsel,  1,076,250  shares  of  the  Company's  common stock, totaling
$139,912  were  issued  during  January  2002 in exchange for a reduction of his
unpaid  past  compensation  from $220,000 per annum to $102,000 per annum. Steve
Mortensen,  a director and manager with the Company, was issued 1,562,666 shares
of  the  Company's  common  stock  during January 2002 pursuant to an employment
agreement,  for  unpaid  compensation  totaling  $203,147.  Michael Dodak, Chief
Executive  Officer  of  the Company was issued 1,322,250 shares of the Company's
common  stock  during  January  2002,  pursuant  to an employment agreement, for
unpaid  compensation  totaling  $171,892.  The  issuances  of common stock noted
above  were  in  satisfaction  of due to related parties accrued during the year
ended  December  31,  2001.

     The  Company  issued  1,264,400  shares  of  stock  to  various  members of
management  in  April  of  2002  totaling  $68,277.  Also  in  2002, the Company
satisfied  various  obligations  by  issuing  37,299  and  361,111 shares of the
Company's  common  stock in satisfaction of accounts payable totaling $4,364 and
expenses  totaling  $27,694,  respectively.  During  the  three  months  ending
September  30,  2002,  stock options were exercised resulting in the issuance of
5,000  shares  of  common  stock.  Additionally,  80,000 shares of the Company's
common  stock  were  issued  to  satisfy  a stock payable totaling $38,400.  The
Company also issued 80,000 shares of the Company's common stock for the purchase
of  certain  assets  valued  at  $14,400.


                                        6
<PAGE>
     During  2002,  shareholders  surrendered  1,320,000 shares of the Company's
common  stock,  which  the  Company  subsequently  cancelled  at  par  value.

NOTE 3.  STOCK OPTIONS GRANTED

     On April 29, 2002 the board approved the issuance of 181,000 stock options,
all  of  these  options were issued to employees or directors, they expire after
five  years, they are immediately 25% vested with an additional 25% vesting each
subsequent  year.  These  options  were  issued  at a strike price of $0.135 per
share,  which  was the trading price on the date of issuance.  Also on April 29,
2002 the Board cancelled 4,500,000 stock options that were previously granted to
Directors.

     On June 18 2002, the board approved the issuance of 2,170,000 stock options
to employees and directors.  These options contained a strike price of $0.18 per
share,  which was the trading price on the date of issuance. These stock options
expire  after five years; they are vested at 25% on either the date of the grant
or  the  employee's  six-month  anniversary  with the company, the remaining 75%
vesting  in  25%  increments  each  on the twelve-month anniversary of the grant
date.

NOTE 4.  CONSULTING AGREEMENTS

     In  January  of  2002,  The Company entered into consulting agreements with
several  directors,  to include an agreement with Dick Wray, Chairman, as of the
date  of  the  agreement,  and David Fann, President, which provided each person
compensation  of  $7,500  a  month.  The  agreement  with  Mr. Wray and Mr. Fann
required them to raise $1,000,000 of capital for the Company by May 1, 2002.  If
Mr.  Wray  and  Mr.  Fann  were  unable to raise such amounts; one half of their
monthly  compensation of $7,500 was to be deferred until such capital is raised.
On  March  1, 2002 David Fann's consulting agreement was converted to a two-year
employment  agreement.  Mr. Wray resigned from the board of directors on June 1,
2002.  The  Company  entered  into an agreement with Mr. Wray wherein he is paid
$4,000  per  month for twelve months concluding May 1, 2003, he is restricted to
selling  no  more  than  6,250  shares per week for the same twelve month period
subject  to  Rule  144  requirements. Accordingly, Mr. Wray has relinquished any
claims  to  prior  contracts  or  agreements.

NOTE  5.  COMMITMENTS  AND  CONTINGENCIES

     Potential  future  issuances  of  common  shares-  Pursuant  to  various
     ------------------------------------------------
agreements,  if  shares issued by the Company to these respective parties do not
maintain  its value equal to or greater than $1.00 the Company would be required
to  issue  additional  shares  to  offset the decline on such shares in order to
maintain  the  overall  value  of  the  total  shares  issued  related  to  such
agreements.  In  May  2002,  all  agreements with this provision were delayed by
mutual consent until at least July 1, 2003, this represents up to a twelve-month
extension  in some cases.  As of September 30, 2002 when the stock was valued at
$0.20  a share approximately 5,055,000 shares were held by these parties, if the
stock  maintained  that  value  on  July 1, 2003 approximately 20,220,010 shares
would  need  to  be  issued.

NOTE  6.  NOTES  PAYABLE  RELATED  PARTIES

     Note  payable  with  Cardservice  International  -  In May 2002 the Company
     -----------------------------------------------
received  a  written  commitment  from  Cardservice International, former parent
company  of  Nationwide  Money Services and current guarantor on the largest ATM
lease,  for  a  $100,000 loan payable over 1 year with a 7% interest rate, and a


                                        7
<PAGE>
balloon  payment.  As  part  of this agreement the Company repaid the $2 million
loan  it  had  with  Cardservice  (paid May 15, 2002 was originally due June 29,
2002),  less  the  $100,000  loan  mentioned  above.  Also in May 2002 two other
existing promissory notes totaling $129,676 were revised to twelve months with a
balloon payment due June 15, 2003.  The cumulative balance at September 30, 2002
of  these  notes  was  $216,018.

     Promissory note from a stockholder- In April 2002, the Company renegotiated
     -----------------------------------
a  demand  note  that  carried  a  15%  interest to a sixty month note with a 9%
interest  rate  and  monthly  payments of $11,023, as of September 30, 2002 that
note  had  a  balance  of  $495,270.

NOTE  7.  VENDOR  REIMBURSEMENT

     During  April 2002, an agreement was reached with a vendor to reimburse the
Company  for  approximately  $282,500  relating  to  charges  that  were  deemed
excessive  and had taken place over the prior four years.  This one time payment
was  received  in  April  2002,  and is reflected in the financial statements as
other  income.


                                        8
<PAGE>
ITEM 2.  MANAGEMENT'S DISCUSSION AND ANALYSIS OF FINANCIAL CONDITION AND RESULTS
OF  OPERATIONS

THIS  QUARTERLY REPORT ON FORM 10-QSB CONTAINS FORWARD-LOOKING STATEMENTS WITHIN
THE  MEANING OF SECTION 27A OF THE SECURITIES ACT OF 1933 AND SECTION 21E OF THE
SECURITIES  EXCHANGE  ACT  OF 1934.  THESE FORWARD-LOOKING STATEMENTS INHERENTLY
ARE  SUBJECT  TO  RISKS  AND  UNCERTAINTIES,  SOME OF WHICH WE CANNOT PREDICT OR
QUANTIFY.  OUR  ACTUAL  RESULTS MAY DIFFER MATERIALLY FROM THE RESULTS PROJECTED
IN  THE FORWARD-LOOKING STATEMENTS.  FACTORS THAT MIGHT CAUSE SUCH A DIFFERENCE,
INCLUDE,  BUT  ARE  NOT  LIMITED TO, RISKS ASSOCIATED WITH COMMERCIAL USE OF ATM
MACHINES;  PRODUCT  REPAIRS; CONSUMER ACCEPTANCE; NEED FOR ADDITIONAL FINANCING;
MANUFACTURING  RISKS; DEPENDENCE ON SUPPLIERS; DEPENDENCE ON DISTRIBUTORS; RAPID
TECHNOLOGICAL  CHANGES;  COMPLIANCE WITH STATE LAWS; RISKS OF TECHNICAL PROBLEMS
OR  PRODUCT  DEFECTS;  DEPENDENCE  ON  PROPRIETARY  TECHNOLOGY AND OTHER FACTORS
DETAILED  IN THIS REPORT AND OTHER COMPANY REPORTS FILED WITH THE SECURITIES AND
EXCHANGE  COMMISSION.  YOU  GENERALLY CAN IDENTIFY FORWARD-LOOKING STATEMENTS BY
THE  USE  OF  FORWARD-LOOKING  TERMINOLOGY SUCH AS "BELIEVES," "MAY," "EXPECTS,"
"INTENDS,"  "ESTIMATES," "ANTICIPATES," "PLANS," "SEEKS," OR "CONTINUES," OR THE
NEGATIVE  THEREOF OR VARIATIONS THEREON OR SIMILAR TERMINOLOGY.  WE DISCLAIM ANY
OBLIGATION  TO  UPDATE OR REVISE THESE FORWARD-LOOKING STATEMENTS TO REFLECT THE
OCCURRENCE  OF  EVENTS  OR  CIRCUMSTANCES  IN  THE  FUTURE.


The  Company,  through  its  wholly  owned subsidiaries (Tallent LLC, Nationwide
Money Services, Inc. and EFT Integration, Inc. ("EFTI"), which is a wholly owned
subsidiary  of  Nationwide  Money  Services), owns and operates Automatic Teller
Machines  ("ATM") with locations primarily in the Southeast and Mid Atlantic and
Southwest  States.  The  Company  also  markets  services  as  an ATM processing
consolidator  to ATM operators not affiliated with any bank or similar financial
institution.

FINANCIAL  REVIEW

The following financial review and analysis concerns the financial condition and
results  of  operations  of  the  Company  for  the  three and nine months ended
September 30, 2002 and 2001. This information should be read in conjunction with
the  Company's  unaudited  Condensed  Consolidated  Financial  Statements  and
accompanying  notes  and  other  detailed  information  regarding  the  Company
appearing  elsewhere  in  this  Form  10-QSB

RESULTS  OF  OPERATIONS

COMPARISON  OF  THE THREE AND NINE MONTHS ENDED SEPTEMBER 30, 2002 AND SEPTEMBER
30,  2001.

The  Company's  operational results for the nine months ended September 30, 2001
included  the  activities  of  Nationwide  Money  Services  from  June 29, 2001,
forward,  as Nationwide Money Services was acquired on June 29, 2001 pursuant to
the  Agreement  and  Plan  of  Merger entered between the Company and Nationwide
Money  Services.

REVENUE

The  Company  reported  total  revenues of $2,523,956 for the three-month period
ended  September  30,  2002 as compared to $3,028,346 for the three-month period
ended  September  30,  2001.  The  decline  in revenue of $504,390 for the three


                                        9
<PAGE>
months  ended  September  30, 2002 when compared to the three month period ended
September  30,  2001  is  attributable  to  the  Company's  strategy of allowing
unprofitable  existing  contracts  to  expire.

Revenues  totaled $8,296,349 for the nine-month period ending September 30, 2002
as  compared  to  $3,554,616 for the nine-month period ended September 30, 2001.
The  increase in revenue of $4,741,733 for the nine month period ended September
30,  2002  when  compared  to  the nine month period ended September 30, 2001 is
attributable to the timing of the Nationwide Money Services and EFTI purchase by
the  Company,  which took place on June 29, 2001, and thus the nine month period
ended September 30, 2001 includes only three months of Nationwide Money Services
and  EFTI  activity.

The  Company's revenue for each of the periods covered by this report is derived
from  its  ATM  network  operations consisting of approximately 1,300 active ATM
terminals.  The revenue generated from the ATM's primarily consist of surcharge,
interchange,  processing  and  management  fees, which are described as follows:

     -    Surcharge  fees  are  fees assessed directly to the consumer utilizing
          the  ATM  terminals  owned by the Company. The surcharge fees assessed
          range  from  $1.00  to  $2.50 based upon a cash withdrawal transaction
          from  the  ATM  terminals.

     -    Interchange  fees are fees assessed directly to the card issuer of the
          consumer.  The  interchange  fees  are  comprised  of two fees: (1) an
          interchange  fee  ranging from approximately $0.40 to $0.55 based upon
          each  cash  withdrawal transaction; and (2) an interchange fee ranging
          from approximately $0.15 to $0.25 based upon an account inquiry by the
          consumer.

     -    Processing  fees  are  earned  by  EFTI,  a wholly owned subsidiary of
          Nationwide  Money  Services, for the switching of transactions between
          the  ATMs  and  the cardholders bank(s). The processing fees earned by
          EFTI  for the switching of transactions for Nationwide Money Services,
          Inc.'s  ATMs  are  eliminated  at time of consolidation. However, EFTI
          switches  transactions  for  companies  other  than  Nationwide  Money
          Services.

Management  fees  are  charged  to various companies or individuals that use the
services  of Nationwide Money Services to operate their ATMs. These fees are for
services  such  as  cash  management, project management and account management.

COST  OF  REVENUE

Cost  of Revenue primarily consists of transaction fees, maintenance and cost of
equipment  including  depreciation.

The  Company  reported total cost of revenue of $ 1,434,340 for the three months
ended  September  30,  2002 as compared to cost of revenue of $2,398,852 for the
three  months  ended  September  30,  2001.  Cost  of  revenues  amounted  to
approximately  57%  of  the  Company's total revenues for the three months ended
September  30,  2002  as compared to 79% of the Company's total revenues for the
three  months ended September 30, 2001.  The decrease of $964,512 in the cost of
revenues  during  the three-month period ended September 30, 2002 as compared to
the  three-month  period  ended  September  30,  2001  was the result of several
factors  including the expiration or cancellation of unprofitable contracts that


                                       10
<PAGE>
the  Company  had acquired through previous acquisitions as well as various cost
saving instituted by the Company. These cost savings have included the reduction
in  the  overall  cost  of cash due to both a drop in interest rates and various
agreements  that  the  Company entered into with financial institutions in which
these  financial  institutions  are permitted to place their logo on the ATM and
provide the Company with "branded" cash in exchange for maintaining a portion of
the expenses associated with the ATM.  Presently, approximately 300 Company ATMs
are  carrying  "branded"  cash.

The total cost of revenue for the nine-month period ended September 30, 2002 was
$5,669,210  and  for  the  nine-month  period  ended  September  30,  2001  was
$3,248,506. Cost of revenue decreased to 68% for the nine months ended September
30,  2002  as  compared to 91% for the nine months ended September 30, 2001. The
decrease  in cost of revenue was attributable to the aforementioned cost savings
additionally  the  timing of the Nationwide Money Services acquisition, June 29,
2001,  means that the nine months ending September 30, 2001 amounts include only
three  months  of  Nationwide  activity,  which  in  general has a lower cost of
revenue  than  other  acquisitions.

OPERATING  EXPENSES

The  Company's operating expenses consist of general and administrative expenses
that  primarily  include  employee  salaries, consulting fees, travel, legal and
accounting  expenses,  rent  and  utilities,  phone  and  insurance.

General  and  administrative  expenses  totaled  $1,062,030 for the three months
ended  September  30,  2002 as compared to $2,439,373 for the three months ended
September  30,  2001.  General  and  Administrative  expenses  were  42%  of the
Company's  total  revenues for three months ended September 30, 2002 and 81% for
the  three  months  ended  September 30, 2001. The decrease of $1,377,343 in the
general  and  administrative  expenses  during  the  three-month  period  ended
September  30,  2002  as  compared to the three-month period ended September 30,
2001  was  the  result of a concerted effort by the Company to limit general and
administrative  spending,  specifically investor relations, and consulting fees.

General and administrative expenses totaled $2,845,866 for the nine months ended
September 30, 2002 as compared to $3,103,213 for the nine months ended September
30,  2001.  General  and administrative expenses were 34% of the Company's total
revenues  for  the  nine  months  ended  September 30, 2002 and 87% for the nine
months  ended  September  30,  2001.  The  variance  between  the two nine month
periods  is  attributable  to several factors, in 2001 the Company recorded over
$1,675,000  in  corporate expenses as compared to approximately $615,000 for the
nine months ended September 30, 2002, such expenses included investor relations,
and  consulting  fees.  The  gap  between the two periods however is lessened by
virtue  of  having nine months of Nationwide Money Services and EFTI general and
administrative  expenses  in  the  nine  months  ended September 30, 2002 versus
having  only  three  months of those expenses in the nine months ended September
30,  2001.

OTHER  INCOME  (EXPENSE)

Other income which (expense) for the three months ended September 30, 2002 was $
(6,983), includes net interest expense of $ (34,538). Other income (expense) for
the  three months ended September 30, 2001 totaled $ (1,808,931), which included
an  impairment  of  intangible  asset  write  off of $ (1,742,181). Other income
(expense) for the nine months ending September 30, 2002 was $222,407 as compared
to  the  nine months ended September 30, 2001 in which there was an expense of $
(1,840,681),  which  primarily  related  to the aforementioned intangible assets
write  off.


                                       11
<PAGE>
INCOME  (LOSS)  BEFORE  PROVISION  FOR  INCOME  TAXES

As  a  result of the explanations above income before income taxes for the three
months  ended  September  30,  2002  was  $20,602,  as  compared  to  a  loss of
$(3,618,810) for the three months ended September 30, 2001.  For the nine months
ended  September  30,  2002  income before income provision for income taxes was
$3,679,  compared  to the nine months ended September 30, 2001, which was a loss
of  $  (4,637,784)

LIQUIDITY  AND  CAPITAL  RESOURCES

Historically, the Company has financed its operations through the sale of equity
securities  and  debt  financings.  As  of  September  30, 2002, the Company had
current  assets of $1,294,579 and current liabilities of $2,902,695 and incurred
net  income  of $12,602, during the three months ending September 30, 2002.  The
working  capital  deficiency  of  the  Company  as  of  September  30,  2002 was
$1,608,116.

The Company repaid $1,900,000 of a $2,000,000 loan to Cardservice International.
The  balance  of  $100,000  was  converted  to a loan in the amount of $100,000,
bearing  a  7%  interest  rate. Cash flow from the Company's operations provided
$741,719  for  the  first  nine  months  ended September 30, 2002, compared to a
negative  cash flow from operations of $398,883 for the first nine months ending
September  30,  2001.  In  April  2002,  a  payment  of $541,874 was made to the
Company's  largest lessor to bring the account current.  As a result, the normal
recurring  monthly ATM lease payments, for existing sites is less than $26,000 a
month  beginning  in  September  of  2002.  This  compares  to  prior year lease
commitments  of  over  $150,000  per  month.

The  Company  has  also  developed  a  plan  to  generate  additional revenue by
installing  the  approximately  200  remaining sites in Food Lion by using third
parties  who  will  own  the equipment and pay for the installation.  Nationwide
Money  Services  will  manage  the sites for an initial fee as well as a monthly
fee.  These  contracts  average five years in length. The Company will also seek
additional sources of capital through a combination of debt or equity financing,
but  there  can  be  no  assurance  that  the  Company  will  be  successful  in
accomplishing  its  objectives.

Additional  Funding  Sources

In  order to fulfill its business plan and expand its business, the Company must
have  access  to  funding  sources  that  are  prepared  to  make equity or debt
investments  in  the Company's securities.  On June 18, 2002 the Company entered
into an agreement with a New York investment banking firm, to assist the Company
with  its  funding  requirements.  However,  this  agreement  was  terminated in
September  2002.  As  of  the  date  hereof, the Company is currently seeking to
enter  into  various  types  of funding agreements, however, no assurance can be
given  that  the  Company will be able to secure investment funds in the future.


                                       12
<PAGE>
The  Company's  ability  to  attract investors depends upon a number of factors,
some  of  which are beyond the Company's control. The key factors in this regard
include  general  economic  conditions,  the  condition  of  ATM  markets,  the
availability  of  alternative  investment  opportunities  and the Company's past
financial  performance  affecting  the  Company's  current  reputation  in  the
financial  community.

The Company is continuing its efforts to raise additional capital through equity
or  debt  financings. Because of the pay-off of lease obligations, the Company's
cash  flow  and  net income are presently positive and may enable the Company to
secure  additional  equity financings of which there are no assurances. In order
to  fulfill  its  business plan and expand its operations, the Company estimates
that it will require approximately $5,000,000 in additional working capital over
the  next  twelve months for such items as acquisitions, new leases and software
development.  However,  the  Company  believes  it  will  not require additional
financing to continue its current level of operations as a result of pay offs of
several  ATM  leases  during  early  2002.

The need for additional capital to finance operations and growth will be greater
should,  among  other  things,  expense  estimates  prove  to be incorrect or if
additional  sources  of  capital  are  not  raised  in  sufficient amounts or on
acceptable  terms  when  needed.  Consequently,  the  Company may be required to
reduce the scope of its growth activities until other financing can be obtained.

FACTORS AFFECTING THE COMPANY'S OPERATING RESULTS

The Company's operating results may be affected by:

Limited  Operating  History

As a result of the Company's limited operating history, its plan for growth, and
the increasingly competitive nature of the markets in which it will operate, the
historical  financial  data is of limited value in evaluating its future revenue
and  operating  expenses.  The Company's planned expense levels will be based in
part  on  expectations concerning future revenue, which is difficult to forecast
accurately  based  on  current plans of expansion and growth. The Company may be
unable  to  adjust  spending in a timely manner to compensate for any unexpected
shortfall in revenue.  Further, general and administrative expenses may increase
significantly  as  it  expands  operations.  To  the  extent that these expenses
precede,  or  are  not rapidly followed by, a corresponding increase in revenue,
the  Company's business, operating results, and financial condition will suffer.

Cash  Flow  Constraints

As  of  the  nine  months  ended  September  30,  2002, the Company's cash flows
supported  its  existing operation. However, additional capital will be required
to  achieve  any  significant  growth.

Major  Contract

The  contract  with  Food  Lion, which is a major customer, expired in September
2001.  The  Company  signed  new  contracts  with  Food  Lion, and an affiliated
company,  Kash  n  Karry, in November 2001. The November 2001 contracts included
the  approximately  550 then operating sites as well as an additional 400 sites.
The November 2001 contracts will be for a five-year period for both the existing
sites  and the new sites. The Company installed 201 ATMs in Food Lion during the
nine months ended September 30, 2002. The sites maintained by Food Lion and Kash


                                       13
<PAGE>
n  Karry  constitute  approximately  50%  of  the  total  sites  of the Company.
Historically,  these  sites have generated average revenue per site in excess of
other  sites.  If  the  Company  were  to  lose  the  Food Lion and Kash n Karry
accounts,  the  revenues  of  the  Company  would  be  substantially  affected.

OTHER  FACTORS

Dilution.  Pursuant  to  various subscription and acquisition agreements entered
into  during  the fiscal year ended December 31, 2001 by the Company and certain
parties, if shares issued by the Company to such certain parties do not maintain
their  value  equal  to  or  greater  than  $1.00 per share by July 1, 2003, the
Company  would  be  required to issue additional shares to offset the decline on
such  shares  in  order to maintain the overall value of the total shares issued
related to such agreements.  As of September 30, 2002 the price of the Company's
common  stock was $0.20 per share and these parties held approximately 5,055,000
shares  of common stock.  If the stock maintains its current value, then on July
1, 2003 approximately 20,220,000 shares will need to be issued to these parties.



Dissolution  of  IFT  Financial Group, Inc. ("IFT") In connection with the Asset
Purchase  and  Sale Agreement between IFT and the Company, IFT warranted that it
would  dissolve and wind-up its affairs after the closing of the transaction, in
furtherance  of  the  intentions of the parties to the agreement to preserve the
tax  treatment  afforded  by  IRC  section  368.  IFT  has  been  dissolved  and
distributed  pro  rata  the  common  shares  it  received  from  the  Company.

INFLATION

The  Company  believes  that the impact of inflation on its operations since its
inception  has  not  been  material.


SEASONALITY

Our business is seasonal in nature in so far that our business tends to generate
greater revenue during the late spring, summer and early fall.  This seasonality
is  based in part on the fact that a portion of our ATMs are located in vacation
destinations  as  well  as  the  negative  impact that winter weather has on ATM
usage.

Item  3.  CONTROLS  AND  PROCEDURES

     As of September 30, 2002, an evaluation was performed under the supervision
and  with  the  participation  of  the Company's management, including the Chief
Executive  Officer  and the Chief Financial Officer, of the effectiveness of the
design and operation of the Company's disclosure controls and procedures.  Based
on  that  evaluation,  the  Company's  management, including the Chief Executive
Officer and the Chief Financial Officer, concluded that the Company's disclosure
controls  and  procedures  were  effective as of September 30, 2002.  There have
been  no  significant  changes  in  the  Company's internal controls or in other
factors  that  could  significantly  affect  internal  controls  subsequent  to
September  30,  2002.


                                       14
<PAGE>
                           PART II. OTHER INFORMATION

ITEM  1.   LEGAL  PROCEEDINGS


On May 30, 2002, the Company filed an amended complaint in the Superior Court of
the  State  of California for the County of Orange against Fred G. Luke, Richard
Weed,  and Weed & Co.  In the complaint, the Company alleged that the defendants
or  entities  controlled  by  the  defendants, improperly received approximately
1,400,000  shares  of  common  stock  of  the Company pursuant to three Form S-8
Registration  Statements as filed with the Securities and Exchange Commission on
March  30,  2000,  May  30,  2001  and October 12, 2001.  The Company is seeking
damages  in  an  amount  to  be  proven at trial, that the Agreement and Amended
Agreement  entered  into  with  Fred  G.  Luke  be  rescinded,  that a temporary
restraining order, a preliminary injunction and a permanent injunction be issued
enjoining  defendants  from transferring 1,000,000 shares of common stock of the
Company  and  the  payment  of  reasonable  attorney's  fees.

The Company's officers and directors are aware of no other threatened or pending
litigation,  which  would  have a material, adverse effect on the Company.  From
time  to  time  the Company may be a defendant (actual or threatened) in certain
lawsuits  encountered  in the ordinary course of its business, the resolution of
which,  in  the opinion of management, should not have a material adverse effect
on  the  Company's  financial  position,  results  of operations, or cash flows.



ITEM  2.  CHANGES  IN  SECURITIES  AND  USE  OF  PROCEEDS


For the three months ended September 30, 2002 the Company issued, 100,000 shares
of  common stock for consulting services that had an aggregate value of $15,000.
Such  issuance  was  pursuant  to  the exemption provided in Section 4(2) of the
Securities  Act  of  1933  for  transactions by an issuer not involving a public
offering.

The  Company  issued  80,000 shares of common stock for the purchase of computer
software,  which  had an aggregate value of $14,400.  Such issuance was pursuant
to  the  exemption  provided  in  Section 4(2) of the Securities Act of 1933 for
transactions  by  an  issuer  not  involving  a  public  offering.




ITEM  6.  EXHIBITS  AND  REPORTS  ON  FORM  8-K

                                    EXHIBITS

Exhibit                         Description                            Page
No.


99.1      Certification  by  Michael J. Dodak, Chief Executive Officer and Chief
          Financial  Officer  pursuant  to  18  U.S.C.  Section 1350, as adopted
          pursuant  to  Section  906  of  the  Sarbanes-Oxley  Act  of  2002.

(b)  Reports on Form 8-K

None.


                                       15
<PAGE>
                                   SIGNATURES

In accordance with the requirements of the Exchange Act, the registrant caused
this report to be signed on its behalf by the undersigned there unto duly
authorized.

                                             GLOBAL AXCESS CORP.



Date:  November 14, 2002                     By:  /s/ Michael J. Dodak
                                             Michael J. Dodak
                                             Chief Executive Officer
                                             (Authorized Officer)


                                       16
<PAGE>
                                  CERTIFICATION

     I, Michael J. Dodak, certify that:

1.  I have reviewed this quarterly report on Form 10-QSB of Global Axcess Corp.;

2.  Based  on  my  knowledge,  this quarterly report does not contain any untrue
statement  of a material fact or omit to state a material fact necessary to make
the  statements  made, in light of the circumstances under which such statements
were  made,  not misleading with respect to the period covered by this quarterly
report;

3.  Based  on  my  knowledge,  the  financial  statements,  and  other financial
information  included  in  this quarterly report, fairly present in all material
respects  the  financial  condition, results of operations and cash flows of the
registrant  as  of,  and  for,  the  periods presented in this quarterly report;

4.  I  am  responsible  for establishing and maintaining disclosure controls and
procedures  (as  defined  in  Exchange  Act  Rules  13a-14  and  15d-14) for the
registrant  and  have:

     a) designed such disclosure controls and procedures to ensure that material
     information  relating  to  the  registrant,  including  its  consolidated
     subsidiaries,  is  made  known  to  us  by  others  within  those entities,
     particularly  during  the  period  in  which this quarterly report is being
     prepared;

     b)  evaluated the effectiveness of the registrant's disclosure controls and
     procedures  as  of  a  date within 90 days prior to the filing date of this
     quarterly  report  (the  "Evaluation  Date");  and

     c)  presented  in  this  quarterly  report  our  conclusions  about  the
     effectiveness  of  the  disclosure  controls  and  procedures  based on our
     evaluation  as  of  the  Evaluation  Date;

5.  I  have  disclosed, based on our most recent evaluation, to the registrant's
auditors  and the audit committee of registrant's board of directors (or persons
performing  the  equivalent  functions):

     a)  all  significant  deficiencies  in  the design or operation of internal
     controls  which  could adversely affect the registrant's ability to record,
     process,  summarize  and  report financial data and have identified for the
     registrant's  auditors  any  material  weaknesses in internal controls; and

     b)  any  fraud,  whether or not material, that involves management or other
     employees  who  have  a  significant  role  in  the  registrant's  internal
     controls;  and

6.  The  registrant's  other  certifying  officers  and I have indicated in this
quarterly  report  whether  or  not  there  were significant changes in internal
controls  or  in other factors that could significantly affect internal controls
subsequent  to  the date of our most recent evaluation, including any corrective
actions  with  regard  to  significant  deficiencies  and  material  weaknesses.

November  14,  2002

/s/  Michael  J.  Dodak
Michael  J.  Dodak
Chief  Executive  Officer
Chief  Financial  Officer


                                       17
<PAGE>