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Payment processing platform CardX is making Mastercard Click to Pay available on Lightbox, its online payment form, to all existing and new card-not-present merchants on its platform.
Mastercard Click to Pay stores a consumer’s payment information using an encrypted, virtual card number to enable secure online shopping. Lightbox enables consumers to enter their card information directly into Mastercard Click to Pay, where it is tokenized, CardX says. CardX is a surcharging platform that Stax acquired in 2021.
At the time of purchase, CardX informs the customer paying with a credit card the cost of the surcharge and displays the total amount of purchase. CardX also gives consumers the option to pay with an alternative payment method that will not incur a surcharge. In either case, merchants receive 100% of the sale amount.
When a consumer pays using a debit card, the CardX platform identifies the card as a debit card and does not levy a surcharge. Instead, merchants pay the debit acceptance fee charged by their processor. Card brand rules prohibit surcharges on debit cards.
“We have worked with Mastercard since the early days of CardX, and our conversations together inspired many of the innovations we launched with Lightbox,” Jonathan Razi, chief product officer for Stax, and founder and former chief executive of CardX says in a statement.
