What does BlockChyp do?

BlockChyp is a fintech company that specializes in integrated payment processing solutions. Founded in 2018 and operational since 2019, it is headquartered in Lindon, Utah, with engineering and support based in Provo. The company focuses on serving small independent merchants and independent software vendors, providing flexible and transparent payment solutions. BlockChyp aims to simplify payment integrations, offering features like transparent pricing, easy-to-read statements, and fast response times. The company provides a range of embedded and integrated payment solutions, including support for various card types, secure blockchain-based gift cards, and crypto payments. Its platform allows for seamless card-present processing and offers tools for customer interaction, contract signing, and multi-location management. BlockChyp has experienced significant growth, ranking as the 63rd largest payment processor in the U.S. by April 2023, with a total processing volume of $1.5 billion since its launch. In October 2024, BlockChyp was acquired by Stax, enhancing its capabilities and integration for partners and merchants.