CX PAY
CX Pay is a Curaçao-based payment gateway founded in 2014 that connects Caribbean and Latin American merchants to acquiring banks for online card acceptance with local-currency settlement, complemented by digital wallets, event cashless systems, and crowdfunding tools for SMB and tourism customers across 28+ countries.
- Company typePrivate
- Founded2014
- HeadquartersCuracao, Costa Rica
- Headcount1–10
- GTM typeB2B
- OfferingSoftware
What CX PAY does
CX Pay B.V. is a payment gateway and fintech solutions provider founded in 2014 and headquartered in Curaçao (Dutch Caribbean) with a regional office in Aruba. The company connects merchants to acquiring banks and global card networks (Visa, Mastercard, Amex, Discover) for online authorization, routing, and settlement of card transactions, with a focus on enabling Caribbean and Latin American merchants to settle funds directly into local bank accounts — a service global gateways do not natively provide. Its core product is the CX Pay Payment Gateway, supported by add-on modules including fraud prevention (I SpyFraud, 3DSecure 2.2), security (Customer Vault, Merchant Defender), operational tools (Virtual Terminal, Batch Processing, Recurring Billing, Gateway Emulator), and an API suite (SOAP, REST, Three-Step Redirect, Mobile). The company has expanded beyond the core gateway into a white-label digital wallet (SEN Payment Solution, launched Q2 2023 with the Minister of Finance of Sint Maarten), a consumer-facing mobile wallet (CX PayMe, launched 2024), an event cashless payment system, a crowdfunding platform (CX Pay 2 Fund Me, since January 2016), and payment hardware (Chipper, Ingenico Lane3000).
The business model is multi-stream. Primary revenue comes from transaction processing fees of $0.28-$0.35 per transaction plus a 0.25% commission on incoming volume; secondary revenue includes monthly gateway fees of $15-$25, one-time activation fees of $50-$250, technology partner fees of 0%-2%, hardware sales, and crowdfunding platform fees. Go-to-market is hybrid: direct online signup forms segmented by geography (Dutch Caribbean, wider Caribbean, global), channel partnerships with acquiring banks and payment processors (60+ processors including First Data, Global Payments, TSYS, Elavon, Vantiv/Worldpay, Cybersource/Visa), and marketplace listings on Shopify, Wix, WooCommerce, Magento, and 100+ other e-commerce platforms. The company serves 570+ merchants across 28+ islands/countries with a gateway footprint spanning 200+ countries, predominantly SMB e-commerce merchants in the Caribbean plus tourism, hospitality, nonprofit, and event verticals. Customer base is founder-led, private, with 1-10 employees, no disclosed institutional funding, and PCI DSS Level 1 certification.
CX PAY firmographics
Firmographics- Name
- CX PAY
- Legal name
- CX Pay B.V.
- Website
- https://cxpay.global
- Company type
- Private
- Founded year
- 2014
- Operating status
- Operating
- Headcount range
- 1–10 employees
- Short description
- CX Pay is a Curaçao-based payment gateway founded in 2014 that connects Caribbean and Latin American merchants to acquiring banks for online card acceptance with local-currency settlement, complemented by digital wallets, event cashless systems, and crowdfunding tools for SMB and tourism customers across 28+ countries.
- Ownership category
- akta.pro rank
CX PAY industry classification
Industry- Product category
- Payment Gateway Services
- NAICS
- Financial Transactions Processing, Reserve, and Clearinghouse Activities (52232)
- SIC
- Finance Services (6199)
- akta.pro primary industry
- Merchant Payment Gateways (API/Hosted Checkout) (FSAMACAA)
- akta.pro secondary industries
- Recurring Billing, Subscriptions & Tokenized Payments (CRAFALAH), Merchant-of-Record (MoR) & Payment Facilitation (PayFac) Infrastructure (FSAGABAE), Digital Payments & Money Movement (ACH/SEPA/FPS, Bill Pay, P2P) (FSAGAAAF)
Keywords
Where CX PAY is headquartered
LocationHeadquarters
- HQ city
- Curacao
- HQ country
- Costa Rica
- HQ region
- Latin America
Offices2 records
Markets served
CX PAY business model
Business model- GTM type
- B2B
- Offering type
- Software
- Cost components
- Technology or R&D, Personnel, Infrastructure, Operations, Marketing or Sales
Revenue model
- Transaction Processing Fees: Per-transaction fees ranging from $0.28 to $0.35 per transaction, plus 0.25% commission on incoming volume. This is the primary revenue stream from merchants using the payment gateway.
- Gateway Account Fees: One-time activation fees ranging from USD 50 to USD 250 depending on the system/bank integration required, plus monthly fees of USD 15-25.
- Software Integration Fees: Technology partner fees ranging from 0% to 2% depending on integration method (e.g., WooCommerce plugin setup at USD 50-79, or charged through CX Pay or directly to provider).
- Hardware Sales: Sale of payment hardware including Chipper mobile reader at $114.99 and Ingenico Lane3000 at $399.99 per device.
- Crowdfunding Platform: CX Pay 2 Fund Me platform charges fees only when funding/donations are received. Free signup with no monthly cost.
Pricing tiers
| Model | Billing | Price |
|---|---|---|
| One time/ perpetual license | Pay-as-you-go | Gateway Account Activation |
| Subscription | Monthly | Monthly Gateway Fee |
| Transaction based/ take rate | Pay-as-you-go | Per Transaction Fee |
| Transaction based/ take rate | Pay-as-you-go | Commission on Incoming Volume |
| Transaction based/ take rate | Pay-as-you-go | Technology Partner Fees |
| Unit Pricing | Pay-as-you-go | Chipper Mobile Card Reader |
| Unit Pricing | Pay-as-you-go | Ingenico Lane3000 |
Go-to-market motion3 records
Distribution channels7 records
Marketing channels10 records
CX PAY product offering
Product offeringCore offering
CX PAY operates a payment gateway platform that connects merchants to acquiring banks and card networks (Visa, Mastercard, Amex, Discover) for online authorization, routing, and settlement of credit and debit card transactions. The platform serves merchants in 200+ countries through partnerships with 60+ processors and 40+ regional banks, with a particular focus on local bank settlement in the Caribbean. CX PAY also offers a digital wallet (CX PayMe/SEN), a regional crowdfunding platform (CX Pay 2 Fund Me), and cashless event payment systems.
Product overview
CX Pay is a payment gateway platform provider offering a comprehensive suite of payment solutions for merchants across 200+ countries and territories. The core product is the CX Pay Payment Gateway, which connects merchants to acquiring banks and card networks for online payment processing. The platform supports multiple eCommerce platforms (Shopify, WooCommerce, Magento, BigCommerce, Wix, PrestaShop, Adobe Commerce), booking systems, CRM/ERP integrations, and subscription billing platforms. Add-on modules include fraud detection tools (I SpyFraud, Kount, Decision Manager), security features (3DSecure, Customer Vault, Merchant Defender), and operational tools (Virtual Terminal, Batch Processing, Recurring Billing, Electronic Invoicing). The company has expanded into digital wallets with CX PayMe Wallet mobile app and the white-labelable SEN Payment Solution targeting the Caribbean market. Additional offerings include the CX Pay 2 Fund Me crowdfunding platform, Event Solutions (cashless payment systems for events), and payment hardware (Chipper and Ingenico card readers).
Differentiator
Problem solved
Functional benefit
Brands
- CX PayMe: Digital wallet solution launched in Q2 2023 for making payments effortless. Available on Google Play and App Store. Supports P2P, B2B, G2C, C2G, C2B, B2C transactions, group payments, scheduled payments, and microfinancing/payroll capabilities.
- CX Pay 2 Fund
Products and services
- CX Pay Payment Gateway
- CX PayMe Wallet
- SEN Payment Solution
- CX Pay 2 Fund Me
- Event Solutions (Cashless Payment System)
- Payment Hardware
Quantifiable outcome
- 28+ islands/countries with active merchants
- +3 more outcomes
Companies that use CX PAY
Customer profileNamed customers12 records
Segments7 records
Ideal customer profiles7 records
CX PAY technology and API
TechnologyTechnology focussed Yes
API detail
- Has API
- Yes
- API docs
- API detail
Core technology
AI maturity
App detail
Integration33 records
Feature15 records
CX PAY partnerships and signals
Strategic signalPartnerships
34 partnerships are on record, tiered core, supporting and minor.
- Cybersource (Visa)coreCX Pay and Visa partnered through Cybersource to provide a gateway solution jointly to the Latin America and Caribbean markets since December 2021. The partnership enables customer-friendly payment experiences, automated fraud protection, and easy tech integrations for merchants.
- Global PaymentscoreGlobal Payments is a leading full-service transaction processing business in 53 countries, providing merchant acquiring, payment processing and business solutions services. CX Pay integrates with Global Payments processors globally.
- Maduro & Curiel's Bank (MCB)coreMCB Group operates across Aruba, Bonaire, Curaçao, and St. Maarten providing eCommerce solutions through CX Pay. Essential banking partner for Dutch Caribbean merchant settlement.
- Aruba Bank N.V.coreAruba Bank's eCommerce solution enables merchants to create and maintain online stores with funds settling directly into Aruba Bank accounts. CX Pay provides the payment gateway.
- Vidanova BankcoreVidanova Bank offers a wide range of financial products with personal touch. Banking partner providing eCommerce payment solutions through CX Pay.
- CIBC FirstCaribbean BankcoreCIBC FirstCaribbean is the largest regionally-listed bank in the English- and Dutch-speaking Caribbean with 66 branches in 17 markets. Banking partner for eCommerce payments.
- National Commercial Bank Jamaica (NCB)coreNCB is the largest financial group in Jamaica with roots dating back to 1837. Banking partner for payment processing and settlement.
- Banco Popular British Virgin IslandscorePopular operates across the US, Caribbean, and Latin America with over a century of history. Banking partner for BVI merchants.
- ShopifycoreCX Pay is a direct Shopify partner providing payment gateway access for merchants. Leverages SOAP API with Decision Manager, 3DSecure 2.2, and Tokenization. Shopify hosts 275,000+ businesses in 150 countries.
- WixcoreCX Pay is a direct partner with WIX for payment solutions with the bank in the same country where merchant is incorporated. Supports WIX-Booking, WIX-Fitness, WIX Restaurants. Based on Three-Step Redirect API and REST API.
- WooCommercecoreCX Pay provides seamless integration for WooCommerce (WordPress) checkout with all payment methods from Debit/Credit Cards to Local Payment Methods. CX Pay also develops and supports WooCommerce plugins.
- Bric SolutionssupportingBric provides CRM software solutions for SMEs in the Dutch Caribbean. Fully integrated with CX Pay payment gateway for inventory management, workflows, invoicing, and reservations.
- Caag SoftwaresupportingCaag is an Enterprise software company in Curaçao offering CRM, Document Management, HRM, Reservations, eCommerce, and more. Fully integrated with CX Pay payment gateway.
- Teqon B.V. (SnelleWeb)supportingTeqon B.V. is a web development agency in Curaçao that has delivered 750+ websites including complex plugins and payment solutions.
- Blueback (Back-office Solutions)supportingBlueback established in 2016 offers ERP consultancy using Odoo with CX Pay integration for Sales, E-Commerce, and Accounting. Based in Willemstad, Curaçao.
- ChargebeesupportingChargebee provides subscription management for recurring billing. CX Pay integration enables merchants to automate recurring tasks and optimize pricing.
- RecurlysupportingRecurly provides enterprise-class subscription management and billing platform trusted by global brands. CX Pay integration supports subscription payment processing.
- ZuorasupportingZuora offers complete order-to-revenue capabilities for modern businesses. CX Pay integration supports quotes, orders, billing, and revenue recognition.
- Vindicia (Amdocs)supportingVindicia provides subscription management platform combining big data analysis, strategic consulting, and retention technology. CX Pay integration supports payment acceptance, fraud management, and token management.
- LightspeedsupportingLightspeed is a one-stop commerce platform for merchants globally. CX Pay integration provides payment processing capability.
- CheckfrontsupportingCheckfront is trusted by thousands of tour operators for online activity sales with live inventory management. CX Pay integration supports payment processing.
- EverywaresupportingEveryware offers simple billing solutions including Pay by Text. CX Pay integration enables payment acceptance through their platform.
- eZee FrontdesksupportingeZee FrontDesk is an on-premise Hotel Property Management System used in hotels, motels, resorts, and more. CX Pay integration via SOAP API with 3DSecure and Tokenization.
- SabresupportingSabre offers software for airlines and hotel properties including reservations and revenue management. CX Pay integration supports payment processing.
- Seven RoomssupportingSevenRooms provides guest experience software with reservation, waitlist, and online ordering. CX Pay integration supports payment processing.
- GivecloudsupportingGivecloud is a digital fundraising platform for nonprofits. CX Pay integration supports donation and fundraising payment processing.
- Elastic PathsupportingElastic Path is a headless commerce SaaS platform for brands. CX Pay integration supports their composable commerce approach.
- InfoCapitalsupportingInfoCapital is a boutique consultancy firm in Willemstad, Curaçao since 2009, specializing in advisory, fiduciary, management, and e-commerce transactions.
- CurSoftsupportingCurSoft is a one-stop IT Solutions firm in Curaçao specializing in IT products, software, and networking solutions for 10 years.
- IR GlobalsupportingIR Global is the largest international professional services network (UK) with members in 155+ jurisdictions including legal, accountancy, and financial advisers.
- SmitsVandenBroeksupportingSmitsVandenBroek is an independent accountancy firm in the Netherlands providing advisory, tax consultancy, and international business services including Curaçao structures.
- ExprodeskminorExprodesk is the Export Authority in Aruba facilitating SMEs and potential exporters with export information and assistance.
- Viking BookingssupportingViking Bookings is booking and planning software for water sports operations. CX Pay integration via Three-Step Redirect API with fraud protection.
- HQ Rental SoftwaresupportingHQ Rental Software is the online headquarters for rental businesses with user-friendly booking. CX Pay integration supports payment processing.
Scale indicators10 records
Recent moves5 records
Expansion highlights6 records
CX PAY competitors and assessment
Company assessmentRegional players
- PagSeguro: Brazilian payment gateway/acquirer with strong LatAm footprint and expanding into the Caribbean — comparable SMB merchant focus and gateway-plus-wallet product mix.
Direct peers
- dLocal: LatAm- and emerging-markets-focused payment platform enabling global merchants to accept local payment methods; directly comparable to CX Pay's emerging-market cross-border gateway thesis.
- BlueSnap: Payment gateway and orchestration platform supporting global merchants with multi-currency, subscription, and fraud tools — similar merchant-segment and feature overlap with CX Pay.
- Stripe: Global online payment gateway competing for the same merchant cross-border card-acceptance use cases as CX Pay, with growing push into Latin America and Caribbean through regional acquiring partnerships.
- Authorize.Net: Long-established payment gateway (Visa-owned) serving SMB merchants with API/hosted checkout and broad processor connectivity — direct functional analog of CX Pay's gateway-only model.
- 2Checkout (Verifone): Merchant-of-record digital commerce and payment gateway platform serving global digital goods and SaaS merchants — closest functional analog to CX Pay's gateway plus recurring billing plus subscription integrations.
- EBANX: LatAm-focused cross-border payment processor serving merchants in 18+ countries with local acquiring and settlement; closest direct competitor to CX Pay's Caribbean/LatAm gateway model.
Broad incumbents
- Adyen: Enterprise-grade global payment processor expanding into emerging markets including LatAm; offers multi-currency processing and gateway services overlapping CX Pay's value proposition to international merchants.
- Checkout.com: Global cloud-based payment gateway serving enterprise and SMB merchants with multi-currency, multi-method processing across 200+ markets — comparable scale and gateway positioning.
- PayPal (Braintree): Incumbent global payment platform with gateway services (Braintree), omni-channel merchant acquiring, and broad Caribbean/LatAm acceptance — competes with CX Pay for cross-border SMB merchants.
Market position
Strengths4 records
Weaknesses4 records
Competitive moat5 records
Key risks6 records
Key highlights6 records
Customer concentration
CX PAY social profiles
Digital presenceCX PAY compliance and trust
Trust signalCompliance1 record
CX PAY financial estimates
Financial estimateRevenue estimate
Valuation estimate
CX PAY leadership team
Management profileNumber of profiles
CX PAY funding detail
Funding detailFunding overview
Funding rounds
Investors
Funding detail is available on the Subscription and Enterprise plan.Contact sales →
CX PAY M&A and investment
M&A and investmentM&A
Investments
M&A and investment is available on the Subscription and Enterprise plan.Contact sales →
Frequently asked questions about CX PAY
What does CX PAY do?
CX PAY operates a payment gateway platform that connects merchants to acquiring banks and card networks (Visa, Mastercard, Amex, Discover) for online authorization, routing, and settlement of credit and debit card transactions. The platform serves merchants in 200+ countries through partnerships with 60+ processors and 40+ regional banks, with a particular focus on local bank settlement in the Caribbean. CX PAY also offers a digital wallet (CX PayMe/SEN), a regional crowdfunding platform (CX Pay 2 Fund Me), and cashless event payment systems.
Is CX PAY a public or private company?
CX PAY is a private company. It is classified as founder individual operated bootstrapped and is currently operating.
When was CX PAY founded?
CX PAY was founded in 2014. It employs 1 to 10 people.
Where is CX PAY based?
CX PAY is headquartered in Curacao, Costa Rica, in the Latin America region.
How does CX PAY make money?
Five revenue lines are on record. Transaction Processing Fees are the primary driver. The others are gateway Account Fees, software Integration Fees, hardware Sales and crowdfunding Platform.
Who are CX PAY's main competitors?
PagSeguro is listed as a regional player. Direct peers are dLocal, BlueSnap, Stripe, Authorize.Net, 2Checkout (Verifone) and EBANX. Broad incumbents are Adyen, Checkout.com and PayPal (Braintree).
Does CX PAY have an API?
Yes. CX Pay offers multiple API integration methods for developers: (1) SOAP API - used for Shopify integration and includes Decision Manager, Payer Authentication 2.0 (3DSecure 2.2), and Tokenization; (2) REST API - used for Wix and Magento integrations, includes Decision Manager, iSpyFraud, Kount Fraud Manager, Payer Authentication 2.2 (3DSecure 2.2), and Tokenization/Vault; (3) Three-Step Redirect API - used for Wix and Givecloud integrations, reduces PCI footprint by eliminating transmission of sensitive payment information; (4) Mobile API - provides toolkit for adding card readers to payment applications. API documentation is available at the integration portal. Developer documentation is at cxpay.transactiongateway.com/merchants/resources/integration/integration_portal.php.
What industry is CX PAY in?
CX PAY's product category is Payment Gateway Services. Its primary akta.pro industry code is FSAMACAA, Merchant Payment Gateways (API/Hosted Checkout), with a secondary code of CRAFALAH, Recurring Billing, Subscriptions & Tokenized Payments. Its NAICS code is 52232 and its SIC code is 6199.