Plastiq is one of the remaining options for completing minimum spend requirements. It enables you to pay rent, mortgage, bills and services that you would be able to pay with a credit cards otherwise. One of the downsides of the service is that the payments are sent by check, and sometimes are delayed by 1-2 weeks. Now they have started to test out a new service, where payments can be sent out via ACH, and still be paid for with a credit card.
Not everyone is able to use the new service. Plastiq has targeted some users and sent them emails to try it out. Here’s the test of the email:
Plastiq has hand-selected you to receive exclusive access to our next powerful feature. We’re excited to announce that you can use your card to send payments via ACH, which will make paying business expenses faster and easier. With this new feature, you can now use your card and: Send payments to vendors through ACH electronic bank transfer Have payments delivered in 3 business days, with the option to expedite for next business day delivery Get better visibility into the status of your payment Sign into your account now to start making payments by ACH. If you have any questions, please reach out to our support team.
Paying through Plastiq doesn’t always make sense since they charge a 2.5% fee for credit cards and 1% for debit cards. So it’s usually more about being an easy option than a profitable one. This new feature should make payments quicker, and the money will be directly deposited into the receivers account. There’s no need for physical checks and envelopes.
If you’ve never tried Plastiq you can sign up through my referral and you get $500 in free spending when you make a payment of $500.