Update: Plastiq contacted me and clarified the the offer is not yet available for everyone.
Plastiq is one of the few remaining options for completing minimum spend from the comfort of your home. It enables you to pay rent, mortgage, bills and services that you wouldn’t be able to pay with a credit cards otherwise. The downsides are that you have to pay a fee and you payments were sent by check. In November they started testing a new service, where payments can be sent out via ACH, and still be paid for with a credit card. Plastiq ACH Payments were available only to a few select members.
Now the service is available for everyone, so go into your accounts and try it out if you have any bills to pay.
Guru’s Wrap-Up
Paying through Plastiq doesn’t always make sense. They usually charge a 2.5% fee for credit cards and 1% for debit cards. Plastiq is more about being an easy option than a profitable one. But, it could also be profitable sometimes, when they have promos with lower fees. The new feature for Plastiq ACH Payments should make payments quicker, and the money will be directly deposited into the receivers account. There’s no need for physical checks and envelopes that take 1-2 weeks to be delivered.
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.
HT: DoC
