Our story

New rules

In 2013, new rules enabled businesses in America to do what universities and government had long been permitted to do: pass on the fee when customers choose credit cards for convenience or rewards.

CardX was founded because it recognized the opportunity to provide much-needed relief.

For American businesses, credit card acceptance is one of the largest, and fastest-growing, operating costs. In fact, since 2005, the interchange cost of Visa’s and MasterCard’s premium rewards cards has risen by 24%.

Merchants Payments Coalition, Reforming Credit Card Swipe Fees to Grow Our Economy (2015).
U.S. Gov’t Accountability Office, GAO-10-45, Rising Interchange Fees Have Increased Costs for Merchants (2009).
Allen Consulting Group, Review of Reform of Australia’s Payments System: Regulation of Credit Card Payments (2007).

New solution

By passing on the credit card fee and enabling the customer to choose a lower-cost payment option, CardX by Stax creates cost transparency and equips customers to “comparison shop” among payment types. This applies competitive pressure to the prices charged by credit card companies.

As a turnkey solution provider powered by patent-pending technology, we differentiate ourselves at the leading edge of technology and compliance. The CardX by Stax solution is designed for seamless compliance in the evolving regulatory landscape—and we’ve led the change, all the way to the U.S. Supreme Court.

A top name in this growing field, we license our solution to industry-leading software companies and merchant services providers. Every day, CardX by Stax and our partners bring zero-cost credit card acceptance to government entities, schools, and businesses of all sizes, from Main Street merchants to public companies.

In November 2021, CardX was acquired by Stax Payments, the all-in-one payment technology provider.

As one of Stax’s key product offerings, CardX + Stax are empowering more businesses than ever before to implement surcharging across the United States and, as of 2022, as the first surcharging solution available in Canada.

More ways to accept payments

CardX by Stax is part of the Stax Payments platform, a complete suite of payment tools for businesses of every size. From in-person hardware to online checkout, embedded payments, and mobile readers, Stax Payments gives you the flexibility to accept payments however your customers prefer.

Visit staxpayments.com

Jonathan Razi, Founder

As the founder of CardX, Jonathan’s direction and thought-leadership have established CardX as the foremost name in its field. A noted expert, Jonathan authored the CardX brief in U.S. Supreme Court.

With 10 years of experience in the payments and surcharging space, Jonathan previously served as CardX CEO and led product roadmaps and innovation at Stax as Chief Product Officer.

Jonathan earned a J.D. from Harvard Law School and a B.A. from the University of Chicago.