Plastiq is an intermediary payments platform that transforms a credit card payment into an invoice payment so that people can use credit cards anywhere, anytime. More specifically, Plastiq charges a flat 2.85% fee before the transaction for the customer to convert a credit card payment to an ACH, check, or wire transaction. Plastiq allows customers to use any card in places where they normally wouldn’t be accepted, while still retaining access to the convenience, rewards, and cash flow offered by their existing credit card.
Plastiq to Merge With Colonnade SPAC in $480 Million Deal
Plastiq raises $27M at 2X+ value to let you pay for anything on credit
‘The nice thing about our model is everyone wins’: Plastiq allows consumers to use credit cards at businesses that don’t accept them
Cash-Strapped SMBs Tap Digital Tools to Ease Working Capital Challenges
Plastiq Expands Short-Term Financing Offering to Help SMBs Maximize Working Capital