The acquisition of CardX, an automated surcharging platform, makes surcharging more transparent for U.S. merchants and cardholders.
We are thrilled to announce our acquisition of CardX, one of the most innovative surcharging platforms in the nation. CardX is known for its fully compliant technology and expertise in integrated surcharge automations.
Stax + CardX will give merchant customers an easy way to accept credit cards at 0% cost while eliminating the compliance risks and operational headaches that merchants have often associated with surcharging. CardX’s pursuit of transparency in the payments and surcharging industry has directly shaped major state law changes in Oklahoma, Kansas, and Colorado.
“We have a passion for making the payments experience easier and more effective for our customers and the same values define the CardX team,” said Suneera Madhani, founder and CEO of Stax. “As payments become more complex, businesses are looking for a trusted partner to guide them. That’s where we come in – we’re actively working to eliminate friction between businesses and the customers they serve. Now, with CardX, we’re able to more easily help businesses navigate surcharging and be more transparent with cardholders.”
In this interview, TSG’s Market Intelligence team-members Alecia Muth and Alex Ferguson sat down with CardX CEO Jonathan Razi to learn more about him and his thoughts around the surcharging landscape and its potential widespread adoption.