Plastiq Adds Check and ACH Delivery Fees
Plastiq charges a 2.9% fee for payments funded with gift cards, credit cards, general-purpose reloadable and non-reloadable cards. There is no base fee for payments sent using the bank account payment method.
But now there’s also an additional delivery fee as of October 24, 2023. You can see the list of fees below:
| Payment Delivery Method | Delivery Fee |
| Check/Cheque | $1.49 |
| ACH Bank Transfer | $0.99 |
| Billpay | $0.99 |
| EFT | $0.99 |
| Domestic Wire | $8.99 |
| International Wire | $39.00 |
Plastiq provides a breakdown of these fees on the payment review screen prior to the submission of your payment.
Guru’s Wrap-up
The 2.9% fee already makes this a non-profitable deal since it cancels out any credit rewards you would earn. And now you will have to pay an extra delivery fee of $0.99 or $1.49 depending on the delivery method that you choose.
If you’re not aware, Plastiq recently filed for bankruptcy and was acquired by Priority Technology Holdings. They have said they American Express credit cards will soon be accepted once again.
HT: Doctor of Credit
