Stax Acquires BlockChyp, Adding Payment Gateway and Expanding End-to-End Capabilities
Summary
ORLANDO, Fla.--(BUSINESS WIRE)--Stax, a leading payment technology provider, today announced its acquisition of BlockChyp, further expanding the company’s end-to-end processing capabilities. The addition of BlockChyp marks a significant, strategic expansion of Stax’s growing technology stack to drive increased value for partners and merchants and accelerate growth. “The payments industry continues to see incredible growth, but with it comes an increasingly saturated and difficult space to navigate as a merchant,” added Jon Decker, CEO and co-founder of BlockChyp, who joins Stax’s executive team. Stax helps drive incremental revenue through frictionless, secure, and reliable payment processing and recurring billing solutions. Since 2014, Stax has grown to process over $30 billion in payments and serve more than 30,000 businesses and software platforms across the U.S. and Canada.