CardX CEO Quoted in Wall Street Journal Coverage of Surcharging
“The biggest areas of [surcharging] growth other than restaurants were general contractors and lawyers. ‘These are the more cost-sensitive verticals that have a huge demand or need to pass through their credit-card transaction fees against this backdrop of the rising costs,’ said Jonathan Razi, founder and chief executive of CardX. The company was acquired in November by Stax, a payments technology company that recently raised $245 million in funding—another indication of businesses’ demand for help adding surcharges.”