Usage Information: We collect information about how you use our Services, including your access times, log-in and log-out information, browser types and language, Internet Protocol ("IP") addresses, any specific page you visit on our platform, content you view, features you use, the date and time of your visit to or use of the Services, your search terms, and the dates on which you interact with our Services. Transactiobn ID *******. For instance, using it to get globalist status with Hyatt card. Thank you for your review, Wisco Lover! However, I calculate it as better because of bonuses. To give one example, theWorld of Hyatt Credit Card(review) offers a Category 1-4 free night certificate when you spend $15,000 on the card in a cardmember year, plus two additional elite nights for every $5,000 spent. Customer service was dismal, some payments were late (or worse, never showed up), and it left a bad taste with lots of peeps - for good reason. Paying an additional, unnecessary 2.5% on significant monthly outgoings is not merely unwiseIts lunacy. You are referring to Hyatt Globalist and I was going it to achieve Delta Diamond. Plastiq does not knowingly "sell" personal information that we collect from you, in accordance with the definition of "sell" in the CCPA. Use credit payments to delay cash outflow, extend Days Payable and lower the Cash Conversion Cycle. Most helpful comments ( as chosen by the OMAAT community ). 2023, International Association of Better Business Bureaus, Inc., separately incorporated Better Business Bureau organizations in the US, Canada and Mexico and BBB Institute for Marketplace Trust, Inc. All rights reserved. Only fools would pay 2.5% fees, but always plenty of them to swindle in this hobby. If youre a small business owner, you may find that the convenience of using Plastiq is worth the price all on its own. The IRS allows writing off convenience fees for business-related expenses. www.dob.texas.gov. But none of that math matters if you get a refund on your taxes, which I think most of us probably do? 2. Speed up profit. Thanks for the headsup. *Short-Term Financing only available for registered businesses. Plastiq's failed plan to go public in 2022 also hadn't affected the customer experience. See plan options Depending on how the Plastiq Customer integration works, we may receive this information directly from you, from the Plastiq Customer, or from third parties. When I tried to enroll the SW card into Plastiq, I have received an error message indicating that Chase would not allow Plastiq transactions on that card. Plastiq Customers. We detect that you are visiting from Slovenia. Reply. If you reach out via email, expect to hear back within one business day. Number, Social Insurance Numbers, Taxpayer Identification, or other government-issued identification. If we modify this Policy, we will post the revised Policy to the Services, and we will also revise the "Last Revised" date stated above. Thank you so much for your review and hope that our app can continue helping you keep track of your cash flow on the go. Yes I think Ben was targeted for these promotions as a blogger. It could absolutely be worth using Plastiq for that $5,000 of spending (at a fee of no more than $143) so that you can get a Category 1-4 free night certificate, 5,000 more points, and two more elite nights. This was the main reason I used Plastiq for about 5 years while paying for an additional mortgage. If this guarantee is not fulfilled, you are eligible for reimbursement of any late fees associated to the Payment which may have accrued between the quoted delivery timeframe and actual delivery, it says on Plastiqs website. The VS card helps to qualify for VS elite status and carries additional perks, like companion tickets and upgrades to Upper Class, hence the reason to carry the VA card and put spend on it. You can save credit card details as well as information about the people youre paying on your account, and you can even set up a recurring payment. @Peter, the Plastiq offer is for payments that are processed before September 26th. Online payment systems are a great way for some people to get more use out of their credit cards. That is well worth the fee for having to do nothing to earn points. First party cookies are used and controlled by us to provide services on our Services. For information about how these other companies and developers use your information, please see their privacy policies and terms. You still spent extra $ to visit your in-laws. Use existing roles to manage user access, account settings and assign team permissions. Cash price was $1100, but I used just 45,000 miles + $11. *Short-Term Financing only available for registered businesses. This doesnt make sense at those rates and I would pay cash if they start charging again. This service takes advantage of those individuals unable to meet basic monthly expenses by shifting them to high interest credit cards. Make smart cash flow decisions and keep your business running even when you're out of office.. Providing, improving, and developing our Services. Then, select your verification method: you have the option of having the code sent to you via . While Plastiq opens up all kinds of opportunities to make payments by credit card, the cost is now 2.85%. Has anyone had any issues with tardy payments or non-payments? Of the transferable cards (assuming you mean Amex Plat, CSR, Citi Prestige, etc), on the Citi Prestige is eligible to pay mortgages via Plastiq. Plastiq allows you to pay for all kinds of things, including (but not limited to) auto leases, auto purchases, business services, club fees, mortgages, contractors, employees, insurance, legal services, rent, tuition, taxes, utilities, and more. They provide a variety of services to us, including banking and processing, billing, sales, marketing, product content and features, advertising, analytics, research, customer service, shipping and fulfillment, data storage, security, auditing, fraud prevention, payment processing, and legal services. 1285 West Broadway, Suite 600, Vancouver, BC V6H 3X8 It only helps reduce the Plastiq fee (2.5% of the payment)., Heres what the customer service rep said further: 50FFDs sets aside the fee that would have been charged on that $50 of the payment, and only applied the Plastiq fees to the rest.. I scheduled them at the very beginning of August, so essentially one month for them to process on time. Find the right card for you. Some of the information certainly was/is out of date. Cookies can be persistent by remaining on your computer until you delete them or be based on your browsing session where they delete once you close your browser. Stay connected with the latest travel, aviation, and credit card news. 2023 Plastiq. How do you feel about the value proposition of Plastiq, especially in light of recent changes? I have not read the terms and conditions. But so does Ben, mind you. Theyve now raised the fees to 2.85%, and promotions seem few and far between. If you pay $1000, their fee of 1.87% translates to an $18.70 fee so that you're paying a total of $1,018.70. **************** almost non existent.2. The Plastiq app gives businesses a simple, secure way to create, view and pay bills from anywhere. Plastiq is bill pay with benefits. During the Masterpass promo I made a mistake in the last digit of my mortgage account. . Detailed instructions are provided by your browser. The case number should be entered on the form. Prevent potentially fraudulent, prohibited or illegal activities and enforce our Terms of Service; For marketing and event-related communications. Currently some personal Visa cards are coding as a cash advance when using Plastiq.Some readers (and Nick at Frequent Miler) are reporting receiving e-mails warning them that upcoming payments are scheduled to be paid with a Visa card and warning them that this will result in in a cash advance, plus some alternative cards they could use.In addition Plastiq is sometimes offering fee free . If Plastiqs guarantee fails, you can get reimbursed by emailing[emailprotected]with your payment ID, proof of due date and evidence of late fees charged or owed. I used the grow payments system to try and pay a bill, and the transaction was voided with zero explanation and absolutely no way to contact the company. Some of these functions include: Determining whether the Services are available in your jurisdiction; Processing or recording payment transactions; Displaying your historical transaction information; Delivering the information and support you request, including technical notices, security alerts, and support and administrative messages including to resolve disputes, collect fees, and provide assistance for problems with our Services; Improving, personalizing, and facilitating your use of our Services; To manage our business needs, such as monitoring, analyzing, and improving the Services; Compare information for accuracy and verify it with third parties; for example we use your information to verify your identity in order to comply with fraud monitoring, prevention and detection obligations, laws associated with the identification and reporting of illegal and illicit activity, such as AML (Anti-Money Laundering) and KYC (Know-Your-Customer) obligations, and financial reporting obligations to prevent money laundering and financial crimes. Editorial Disclosure: The editorial content on this page is not provided by any entity mentioned herein. Plastiq is increasing fees as of today, from 2.5% to 2.85%; Plastiq is increasing wire fees; Plastiq has over the past few months made their referral program much worse; Over the past week I've interacted with Plastiq customer service for the first time, and it was underwhelming, to put it mildly Also, let's say if withholding tax is a better deal, can we "overpay" tax to meet retention/signup bonus requirements? I would argue your cover photo for this article needs to be updated. When you add the 2.5% fee to the base amount, you also earn points on those extra fee dollars. Please don't hesitate to reach out to us at service at plastiq dot com or contact our team via live chat (open 7AM-5PM, Mon-Thurs ; 7AM-3:30PM Fridays) so . Please see your device manufacturer settings. All rights reserved. Plastiq customer Todd Smith, VP and Corporate Controller of Sunbasket, a full service meal delivery company, said, "When it comes to supplier payments, there were many challenges we needed to . Huh? Do not take Amex anymore 4. The Plastiq Fee. Save time, reduce errors and speed up reconciliation. There are two common reasons people may want to use this: Im focusing on this entirely in terms of the rewards aspect, since in general I recommend doing everything you can to avoid credit card financing, given how high the fees can be. Please note we may take reasonable steps to verify your identity and the authenticity of the request. Electronic transfer to recipient country and bank. 2.85% Plastiq fee + $40 (bank and handling fee) International Wires. Copyright 2023 Apple Inc. All rights reserved. However I checked, and my $20k in Plastiq payments on 7/31/19 did in fact get 2x Capital One points. I am using my chase freedom unlimited. We may also collect additional demographic information about you and your interests from third-party partners and marketers to assist in better tailoring our Services to you. This was the main reason I used Plastiq for about 5 years while paying for an additional mortgage. 1. In Canada the same offer was/is available BUT at 2% instead of 2.5%. Mastercard. Improve earnings, maximize rewards and track progress toward dream trips. Designate multi-level approval workflows for payments. Please view our advertising policy page for more information. Review: Qatar Airways Boeing 737 MAX First Class Qatar Airways Confusing Regional First Class Explained. We've prepared some messaging you can use in emails, web pages, newsletters, and invoices to spread the big news. LearnMore. We're glad we can provide you information on the go. So if you pay a $1000 bill you also earn points on the $25 fee. Please view our advertising policy page for additional details about our partners. We've got them. 1285 West Broadway, Suite 600, Vancouver, BC V6H 3X8 BBB directs its services to businesses and consumers in North America. All has worked fine, but I agree that 2.5% was about the max fee that makes it worthwhile. Then there is Paytm at free if using MC (but with limited payees and no checks). Get paid by credit card with zero merchant fees. Standard U.S. Plastiq is having problems processing capital one cards, meaning u cant earn capital one venture double points. Outside of occasional, low fee use, the idea of using this service on a continuous monthly basis for mortgages, taxes, etc is total lunacy. There was a problem with some cards not processing Plastiq but that seems to be over at least here in Canada. Ill get into more detail on this below, but Id say ~2.5% was right around the cusp of what I considered to be worthwhile, while I have a hard time getting excited about ~2.85%. This is one of those situations where too much publicity is going to kill any value in doing this. Read Customer Story How it Works Leverage credit cards and capture the benefits. Every customer you add or import to Plastiq is saved to your account so you can send them a payment request without having to re-enter all of their information. While Im sure most of us on this site pay off our cards monthly, the vast majority of Americans do not. We and non-affiliated third parties performing services on our behalf may integrate advertising technologies that allow for the delivery of relevant advertising on the Services, as well as on other websites and services you use. For each person you get to register and complete payments worth at least $500, you'll get 1,000 so-called Fee-Free Dollars (or FFDs), while your contact will receive 500 FFDs. Heres the thing, when I pressed the button to Apply my Fee Free Dollars, I was thinking this would drop my total down to around $250, but it didnt. We allow anyone to make payments to anyone that provides them with a good or service. It still makes sense when you can write off as a business expense to get 2 points/$ as in Citi Double Cash where I pay the mortgages on my rent houses. Unfortunately this has been scaled back significantly: Thats not exactly particularly compelling. User does not have to select a country if they click this link. Diners Club. So you can keep changing the delivery date until the processing date falls on or before the 26th. Here's what that means for you. We do not control these opt-out links or whether any particular company chooses to participate in these opt-out programs. For users located in Canada, fees will be charged at a set CAD conversion per plan selection. How Does The Process Of Paying With Plastiq Work? It could be worth using Plastiq if youre struggling to meet the minimum spending on a credit card, but being able to pay expenses by card would help you. I pay with my Virgin Atlantic Mastercard, which gives 1.5x points on any purchase, and 15k miles for 25k in annual spend. The Services may change from time to time due to changes in our practices, technology, or applicable law, which may necessitate revisions to this Policy. I was never targeted except to sign up another person. Customer Service Needs Improving Was trying to pay a daycare bill, which was rejected because they deemed it a "peer-to-peer" payment. When Is the Best Time of Year To Buy Tires? This information is subject to change at any time and may include but is not limited to your full name, home address, phone number, and invoice number. Capital one cards are not accepted anymore. Location Information: When you use the Services, we and our service providers may automatically collect general location information (e.g., IP address, city/state and or postal code associated with an IP address) from your computer or mobile device. We may also identify other software running on the device (but will not collect any content from such software) for anti-fraud and malware-prevention purposes. Which Credit Cards Can You Use With Plastiq? . Let me actually state upfront that I do pay my personal income taxes by credit card. New customer Contact sales Get in touch with our team if you're interested in using Plastiq. Your feedback has been shared internally and we will work on making sure all communication channels are reachable. However, BBB does not verify the accuracy of information provided by third parties, and does not guarantee the accuracy of any information in Business Profiles. and overall enjoyed their . You need to put a $$ figure to the benefits of being a Globalist and how often you would use those benefits to see if the cost of the fees is worth it. Brand your payment landing page with your logo and company name. Well guide you through the process. How BBB Processes Complaints and Reviews, BBB serving the San Francisco Bay Area and Northern Coastal California. Paying $228 for the ability to unlock a huge welcome bonus, plus the points you earn for that $8,000 of spending, could very well be worthwhile. There will be less plastiq deals offered if bloggers keep feeding plastiq customers. Might be worth putting my mortgage on the Blue Business Plus, at least during promo months. We may also collect withholding allowances and tax filing status. We use various types of cookies, including session cookies, persistent cookies, local shared objects, pixels, gifs and other tracking technologies, session and persistent technologies, first and third-party cookies. We use your information to provide the Services to you and for our legitimate business purposes to facilitate, improve, and develop our Services for a better user experience. Multi-entity business support (coming soon). 2.5% out, chicken feed points in. A cookie is a piece of information that is stored to your browser when you access the Services. Find articles on how to pay and get paid using Plastiq. I used to be very excited about Plastiq, when they had a 2.5% fee and constantly has promotions that lowered my average transaction cost even more. Well, unfortunately in the past week Ive learned that its virtually non-existent, which seems like a big problem for a company that promises a prompt bill pay service. There could be value in generating incremental credit card spending with a 2.85% fee. If being able to pay bills by credit card would help you reach that, it could be well worth it. I also compare to Paytm to see which is cheaper. Heres Clarks philosophy on credit cards, Mastercards new rules aim to stop automatic free trial charges, Best Credit Card Sign-up Bonuses for 2023, Best Cell Phone Plans in 2023: The Cheapest Plan for Every Need, Save up to $30 with a new Costco membership, Here Are 100+ Brands That Are Made in the USA. Plastiq requires all account holders to set up two-step authentication (2-SA) when creating a new Plastiq account. Visa Card Policy. For example, my auto payments have the option to pay with a credit card, but it has a $5 processing fee. I too am a globalist and it is a very worthwhile hotel status. So thats what I did. I saw another notification near the top of the screen: Interested in faster payments? But personal expenses it is not so compelling anymore, except as Ben says to complete minimum spend for a sign up bonus. Plastiq, a B2B payments business last valued at $480 million in a now-canceled SPAC deal, filed for bankruptcy in a Delaware court Wednesday. 1. See plan options Ive had trouble logging into my account for the past week, and Plastiq has been unresponsive by email. If you still have an unresolved complaint regarding the company's money transmission or currency exchange activity, please direct your complaint to: Texas Department of Banking, 2601 North Lamar Boulevard, Austin, Texas 78705, 1-877-276-5554 (toll free), www.dob.texas.gov. Agreed with Hodor. For users located in Canada, fees will be charged at a set CAD conversion per plan selection. Depending on your jurisdiction of residence and applicable law, you may have the right to access certain information we hold about you, request deletion of certain of your information, or request correction of certain of your information. Through the help of third-party service providers, we may place certain cookies on our Services that allow us to provide advertising for our Services both on and off the Services, as explained further below. Add customized form fields to collect customer data based on your workflow needs. The real question is how you're targeted for all of these promotions? I was initially charged a $7 fee for a transaction that was a little under $300 but remember, I had a $50 credit. Plastiq may share your information in the following ways: Affiliates and Subsidiaries. We are not responsible for any choices you make using these mechanisms or the continued availability or accuracy of these mechanisms.
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Usage Information: We collect information about how you use our Services, including your access times, log-in and log-out information, browser types and language, Internet Protocol ("IP") addresses, any specific page you visit on our platform, content you view, features you use, the date and time of your visit to or use of the Services, your search terms, and the dates on which you interact with our Services. Transactiobn ID *******. For instance, using it to get globalist status with Hyatt card. Thank you for your review, Wisco Lover! However, I calculate it as better because of bonuses. To give one example, theWorld of Hyatt Credit Card(review) offers a Category 1-4 free night certificate when you spend $15,000 on the card in a cardmember year, plus two additional elite nights for every $5,000 spent. Customer service was dismal, some payments were late (or worse, never showed up), and it left a bad taste with lots of peeps - for good reason. Paying an additional, unnecessary 2.5% on significant monthly outgoings is not merely unwiseIts lunacy. You are referring to Hyatt Globalist and I was going it to achieve Delta Diamond. Plastiq does not knowingly "sell" personal information that we collect from you, in accordance with the definition of "sell" in the CCPA. Use credit payments to delay cash outflow, extend Days Payable and lower the Cash Conversion Cycle. Most helpful comments ( as chosen by the OMAAT community ). 2023, International Association of Better Business Bureaus, Inc., separately incorporated Better Business Bureau organizations in the US, Canada and Mexico and BBB Institute for Marketplace Trust, Inc. All rights reserved. Only fools would pay 2.5% fees, but always plenty of them to swindle in this hobby. If youre a small business owner, you may find that the convenience of using Plastiq is worth the price all on its own. The IRS allows writing off convenience fees for business-related expenses. www.dob.texas.gov. But none of that math matters if you get a refund on your taxes, which I think most of us probably do? 2. Speed up profit. Thanks for the headsup. *Short-Term Financing only available for registered businesses. Plastiq's failed plan to go public in 2022 also hadn't affected the customer experience. See plan options Depending on how the Plastiq Customer integration works, we may receive this information directly from you, from the Plastiq Customer, or from third parties. When I tried to enroll the SW card into Plastiq, I have received an error message indicating that Chase would not allow Plastiq transactions on that card. Plastiq Customers. We detect that you are visiting from Slovenia. Reply. If you reach out via email, expect to hear back within one business day. Number, Social Insurance Numbers, Taxpayer Identification, or other government-issued identification. If we modify this Policy, we will post the revised Policy to the Services, and we will also revise the "Last Revised" date stated above. Thank you so much for your review and hope that our app can continue helping you keep track of your cash flow on the go. Yes I think Ben was targeted for these promotions as a blogger. It could absolutely be worth using Plastiq for that $5,000 of spending (at a fee of no more than $143) so that you can get a Category 1-4 free night certificate, 5,000 more points, and two more elite nights. This was the main reason I used Plastiq for about 5 years while paying for an additional mortgage. If this guarantee is not fulfilled, you are eligible for reimbursement of any late fees associated to the Payment which may have accrued between the quoted delivery timeframe and actual delivery, it says on Plastiqs website. The VS card helps to qualify for VS elite status and carries additional perks, like companion tickets and upgrades to Upper Class, hence the reason to carry the VA card and put spend on it. You can save credit card details as well as information about the people youre paying on your account, and you can even set up a recurring payment. @Peter, the Plastiq offer is for payments that are processed before September 26th. Online payment systems are a great way for some people to get more use out of their credit cards. That is well worth the fee for having to do nothing to earn points. First party cookies are used and controlled by us to provide services on our Services. For information about how these other companies and developers use your information, please see their privacy policies and terms. You still spent extra $ to visit your in-laws. Use existing roles to manage user access, account settings and assign team permissions. Cash price was $1100, but I used just 45,000 miles + $11. *Short-Term Financing only available for registered businesses. This doesnt make sense at those rates and I would pay cash if they start charging again. This service takes advantage of those individuals unable to meet basic monthly expenses by shifting them to high interest credit cards. Make smart cash flow decisions and keep your business running even when you're out of office.. Providing, improving, and developing our Services. Then, select your verification method: you have the option of having the code sent to you via . While Plastiq opens up all kinds of opportunities to make payments by credit card, the cost is now 2.85%. Has anyone had any issues with tardy payments or non-payments? Of the transferable cards (assuming you mean Amex Plat, CSR, Citi Prestige, etc), on the Citi Prestige is eligible to pay mortgages via Plastiq. Plastiq allows you to pay for all kinds of things, including (but not limited to) auto leases, auto purchases, business services, club fees, mortgages, contractors, employees, insurance, legal services, rent, tuition, taxes, utilities, and more. They provide a variety of services to us, including banking and processing, billing, sales, marketing, product content and features, advertising, analytics, research, customer service, shipping and fulfillment, data storage, security, auditing, fraud prevention, payment processing, and legal services. 1285 West Broadway, Suite 600, Vancouver, BC V6H 3X8 It only helps reduce the Plastiq fee (2.5% of the payment)., Heres what the customer service rep said further: 50FFDs sets aside the fee that would have been charged on that $50 of the payment, and only applied the Plastiq fees to the rest.. I scheduled them at the very beginning of August, so essentially one month for them to process on time. Find the right card for you. Some of the information certainly was/is out of date. Cookies can be persistent by remaining on your computer until you delete them or be based on your browsing session where they delete once you close your browser. Stay connected with the latest travel, aviation, and credit card news. 2023 Plastiq. How do you feel about the value proposition of Plastiq, especially in light of recent changes? I have not read the terms and conditions. But so does Ben, mind you. Theyve now raised the fees to 2.85%, and promotions seem few and far between. If you pay $1000, their fee of 1.87% translates to an $18.70 fee so that you're paying a total of $1,018.70. **************** almost non existent.2. The Plastiq app gives businesses a simple, secure way to create, view and pay bills from anywhere. Plastiq is bill pay with benefits. During the Masterpass promo I made a mistake in the last digit of my mortgage account. . Detailed instructions are provided by your browser. The case number should be entered on the form. Prevent potentially fraudulent, prohibited or illegal activities and enforce our Terms of Service; For marketing and event-related communications. Currently some personal Visa cards are coding as a cash advance when using Plastiq.Some readers (and Nick at Frequent Miler) are reporting receiving e-mails warning them that upcoming payments are scheduled to be paid with a Visa card and warning them that this will result in in a cash advance, plus some alternative cards they could use.In addition Plastiq is sometimes offering fee free . If Plastiqs guarantee fails, you can get reimbursed by emailing[emailprotected]with your payment ID, proof of due date and evidence of late fees charged or owed. I used the grow payments system to try and pay a bill, and the transaction was voided with zero explanation and absolutely no way to contact the company. Some of these functions include: Determining whether the Services are available in your jurisdiction; Processing or recording payment transactions; Displaying your historical transaction information; Delivering the information and support you request, including technical notices, security alerts, and support and administrative messages including to resolve disputes, collect fees, and provide assistance for problems with our Services; Improving, personalizing, and facilitating your use of our Services; To manage our business needs, such as monitoring, analyzing, and improving the Services; Compare information for accuracy and verify it with third parties; for example we use your information to verify your identity in order to comply with fraud monitoring, prevention and detection obligations, laws associated with the identification and reporting of illegal and illicit activity, such as AML (Anti-Money Laundering) and KYC (Know-Your-Customer) obligations, and financial reporting obligations to prevent money laundering and financial crimes. Editorial Disclosure: The editorial content on this page is not provided by any entity mentioned herein. Plastiq is increasing fees as of today, from 2.5% to 2.85%; Plastiq is increasing wire fees; Plastiq has over the past few months made their referral program much worse; Over the past week I've interacted with Plastiq customer service for the first time, and it was underwhelming, to put it mildly Also, let's say if withholding tax is a better deal, can we "overpay" tax to meet retention/signup bonus requirements? I would argue your cover photo for this article needs to be updated. When you add the 2.5% fee to the base amount, you also earn points on those extra fee dollars. Please don't hesitate to reach out to us at service at plastiq dot com or contact our team via live chat (open 7AM-5PM, Mon-Thurs ; 7AM-3:30PM Fridays) so . Please see your device manufacturer settings. All rights reserved. Plastiq customer Todd Smith, VP and Corporate Controller of Sunbasket, a full service meal delivery company, said, "When it comes to supplier payments, there were many challenges we needed to . Huh? Do not take Amex anymore 4. The Plastiq Fee. Save time, reduce errors and speed up reconciliation. There are two common reasons people may want to use this: Im focusing on this entirely in terms of the rewards aspect, since in general I recommend doing everything you can to avoid credit card financing, given how high the fees can be. Please note we may take reasonable steps to verify your identity and the authenticity of the request. Electronic transfer to recipient country and bank. 2.85% Plastiq fee + $40 (bank and handling fee) International Wires. Copyright 2023 Apple Inc. All rights reserved. However I checked, and my $20k in Plastiq payments on 7/31/19 did in fact get 2x Capital One points. I am using my chase freedom unlimited. We may also collect additional demographic information about you and your interests from third-party partners and marketers to assist in better tailoring our Services to you. This was the main reason I used Plastiq for about 5 years while paying for an additional mortgage. 1. In Canada the same offer was/is available BUT at 2% instead of 2.5%. Mastercard. Improve earnings, maximize rewards and track progress toward dream trips. Designate multi-level approval workflows for payments. Please view our advertising policy page for more information. Review: Qatar Airways Boeing 737 MAX First Class Qatar Airways Confusing Regional First Class Explained. We've prepared some messaging you can use in emails, web pages, newsletters, and invoices to spread the big news. LearnMore. We're glad we can provide you information on the go. So if you pay a $1000 bill you also earn points on the $25 fee. Please view our advertising policy page for additional details about our partners. We've got them. 1285 West Broadway, Suite 600, Vancouver, BC V6H 3X8 BBB directs its services to businesses and consumers in North America. All has worked fine, but I agree that 2.5% was about the max fee that makes it worthwhile. Then there is Paytm at free if using MC (but with limited payees and no checks). Get paid by credit card with zero merchant fees. Standard U.S. Plastiq is having problems processing capital one cards, meaning u cant earn capital one venture double points. Outside of occasional, low fee use, the idea of using this service on a continuous monthly basis for mortgages, taxes, etc is total lunacy. There was a problem with some cards not processing Plastiq but that seems to be over at least here in Canada. Ill get into more detail on this below, but Id say ~2.5% was right around the cusp of what I considered to be worthwhile, while I have a hard time getting excited about ~2.85%. This is one of those situations where too much publicity is going to kill any value in doing this. Read Customer Story How it Works Leverage credit cards and capture the benefits. Every customer you add or import to Plastiq is saved to your account so you can send them a payment request without having to re-enter all of their information. While Im sure most of us on this site pay off our cards monthly, the vast majority of Americans do not. We and non-affiliated third parties performing services on our behalf may integrate advertising technologies that allow for the delivery of relevant advertising on the Services, as well as on other websites and services you use. For each person you get to register and complete payments worth at least $500, you'll get 1,000 so-called Fee-Free Dollars (or FFDs), while your contact will receive 500 FFDs. Heres the thing, when I pressed the button to Apply my Fee Free Dollars, I was thinking this would drop my total down to around $250, but it didnt. We allow anyone to make payments to anyone that provides them with a good or service. It still makes sense when you can write off as a business expense to get 2 points/$ as in Citi Double Cash where I pay the mortgages on my rent houses. Unfortunately this has been scaled back significantly: Thats not exactly particularly compelling. User does not have to select a country if they click this link. Diners Club. So you can keep changing the delivery date until the processing date falls on or before the 26th. Here's what that means for you. We do not control these opt-out links or whether any particular company chooses to participate in these opt-out programs. For users located in Canada, fees will be charged at a set CAD conversion per plan selection. How Does The Process Of Paying With Plastiq Work? It could be worth using Plastiq if youre struggling to meet the minimum spending on a credit card, but being able to pay expenses by card would help you. I pay with my Virgin Atlantic Mastercard, which gives 1.5x points on any purchase, and 15k miles for 25k in annual spend. The Services may change from time to time due to changes in our practices, technology, or applicable law, which may necessitate revisions to this Policy. I was never targeted except to sign up another person. Customer Service Needs Improving Was trying to pay a daycare bill, which was rejected because they deemed it a "peer-to-peer" payment. When Is the Best Time of Year To Buy Tires? This information is subject to change at any time and may include but is not limited to your full name, home address, phone number, and invoice number. Capital one cards are not accepted anymore. Location Information: When you use the Services, we and our service providers may automatically collect general location information (e.g., IP address, city/state and or postal code associated with an IP address) from your computer or mobile device. We may also identify other software running on the device (but will not collect any content from such software) for anti-fraud and malware-prevention purposes. Which Credit Cards Can You Use With Plastiq? . Let me actually state upfront that I do pay my personal income taxes by credit card. New customer Contact sales Get in touch with our team if you're interested in using Plastiq. Your feedback has been shared internally and we will work on making sure all communication channels are reachable. However, BBB does not verify the accuracy of information provided by third parties, and does not guarantee the accuracy of any information in Business Profiles. and overall enjoyed their . You need to put a $$ figure to the benefits of being a Globalist and how often you would use those benefits to see if the cost of the fees is worth it. Brand your payment landing page with your logo and company name. Well guide you through the process. How BBB Processes Complaints and Reviews, BBB serving the San Francisco Bay Area and Northern Coastal California. Paying $228 for the ability to unlock a huge welcome bonus, plus the points you earn for that $8,000 of spending, could very well be worthwhile. There will be less plastiq deals offered if bloggers keep feeding plastiq customers. Might be worth putting my mortgage on the Blue Business Plus, at least during promo months. We may also collect withholding allowances and tax filing status. We use various types of cookies, including session cookies, persistent cookies, local shared objects, pixels, gifs and other tracking technologies, session and persistent technologies, first and third-party cookies. We use your information to provide the Services to you and for our legitimate business purposes to facilitate, improve, and develop our Services for a better user experience. Multi-entity business support (coming soon). 2.5% out, chicken feed points in. A cookie is a piece of information that is stored to your browser when you access the Services. Find articles on how to pay and get paid using Plastiq. I used to be very excited about Plastiq, when they had a 2.5% fee and constantly has promotions that lowered my average transaction cost even more. Well, unfortunately in the past week Ive learned that its virtually non-existent, which seems like a big problem for a company that promises a prompt bill pay service. There could be value in generating incremental credit card spending with a 2.85% fee. If being able to pay bills by credit card would help you reach that, it could be well worth it. I also compare to Paytm to see which is cheaper. Heres Clarks philosophy on credit cards, Mastercards new rules aim to stop automatic free trial charges, Best Credit Card Sign-up Bonuses for 2023, Best Cell Phone Plans in 2023: The Cheapest Plan for Every Need, Save up to $30 with a new Costco membership, Here Are 100+ Brands That Are Made in the USA. Plastiq requires all account holders to set up two-step authentication (2-SA) when creating a new Plastiq account. Visa Card Policy. For example, my auto payments have the option to pay with a credit card, but it has a $5 processing fee. I too am a globalist and it is a very worthwhile hotel status. So thats what I did. I saw another notification near the top of the screen: Interested in faster payments? But personal expenses it is not so compelling anymore, except as Ben says to complete minimum spend for a sign up bonus. Plastiq, a B2B payments business last valued at $480 million in a now-canceled SPAC deal, filed for bankruptcy in a Delaware court Wednesday. 1. See plan options Ive had trouble logging into my account for the past week, and Plastiq has been unresponsive by email. If you still have an unresolved complaint regarding the company's money transmission or currency exchange activity, please direct your complaint to: Texas Department of Banking, 2601 North Lamar Boulevard, Austin, Texas 78705, 1-877-276-5554 (toll free), www.dob.texas.gov. Agreed with Hodor. For users located in Canada, fees will be charged at a set CAD conversion per plan selection. Depending on your jurisdiction of residence and applicable law, you may have the right to access certain information we hold about you, request deletion of certain of your information, or request correction of certain of your information. Through the help of third-party service providers, we may place certain cookies on our Services that allow us to provide advertising for our Services both on and off the Services, as explained further below. Add customized form fields to collect customer data based on your workflow needs. The real question is how you're targeted for all of these promotions? I was initially charged a $7 fee for a transaction that was a little under $300 but remember, I had a $50 credit. Plastiq may share your information in the following ways: Affiliates and Subsidiaries. We are not responsible for any choices you make using these mechanisms or the continued availability or accuracy of these mechanisms. Coloma All Star Tournament,
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