What is Plastiq?
This is a question I was wondering myself 3 months ago when I heard of it for the first time. Plastiq is a service that lets you pay virtually any bill with a credit card. There is a 2.5% flat fee for all transactions, and there are a few payment type restrictions for each various credit card issuers.
The idea is that you can pay a merchant with a credit card, and Plastiq will generate either a check, ACH payment, or wire. Why pay with a credit card? We typically recommend using Plastiq to hit a minimum spend requirement on a new credit card or to earn more points for a specific redemption.
What Bills Can You Pay With Plastiq?
Here is a list of list of ideas on common recurring bills you can pay with Plastiq:- Rent
- Mortgage (Mastercard and Discover only)
- Tuition
- Car payment
- Taxes
- Wedding vendors
- Home repair vendors
- Daycare
- Business rent
How to Use Plastiq
- Sign up for a new account here: http://bit.ly/JoinPlastiq
- Tell Plastiq who you want to pay by entering the recipient information, payment amount, and credit card you would like to use
- Plastiq will charge your credit card for the respective amount + 2.5% transaction fee
- The recipient will receive payment via check or ACH
Try Plastiq and get $500 in fee-free payments after you spend $500 (referral link): http://bit.ly/JoinPlastiq
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