Stax, a prominent payment technology provider, has acquired BlockChyp, a specialized retail payments technology firm. This strategic acquisition marks another significant step in Stax’s commitment to enhancing its technology portfolio and increasing value for its partners and merchants. BlockChyp’s payment gateway, simplified APIs, and optimized onboarding processes will expand Stax’s multi-channel embedded payment solutions. With this addition, Stax strengthens its position in the Integrated Software Vendor (ISV) space, aiming to deliver more seamless, reliable, and differentiated payment experiences. Over the past decade, Stax has consistently pursued growth with acquisitions of CardX, Fusebill, Payment Depot, and Atlantic-Pacific Processing Systems.
CEO of Stax, Paulette Rowe, emphasized that the BlockChyp team’s expertise in payments technology will serve as a catalyst for Stax’s mission to offer innovative solutions for a diverse customer base. Jon Decker, CEO and Co-Founder of BlockChyp, highlighted that joining Stax would expand the company’s service capabilities, offering enhanced support to merchants and partners alike. Since its founding in 2014, Stax has grown to serve more than 30,000 businesses across the U.S. and Canada, processing over $30 billion annually and providing adaptable payment solutions that drive growth and success for software companies, resellers, and SMBs.
