What does Stax Payments do?

Stax Payments is a payments technology firm based in Orlando, Florida, founded in 2014. Originally known as Fattmerchant, the company rebranded to Stax in 2021 to reflect its growth into a full-stack payment processor. Stax specializes in integrated payment processing, recurring billing, and SMB processing, serving over 39,000 customers and processing more than $23 billion in payments annually across the United States and Canada. Stax is known for its subscription-based pricing model, which charges a flat monthly fee with no markup on card transactions. This approach offers transparency and can reduce processing costs for businesses. The company provides five distinct product lines, including Stax Pay for all-in-one payment processing, Stax Connect for embedded payment integration, and Stax Bill for subscription management. Stax also offers tailored solutions for contactless payments and specific business scales. With a focus on B2B solutions, Stax targets small and mid-sized businesses, software platforms, and resellers, making it a versatile partner in the financial technology sector.