[Expired] Plastiq: $2,500 in Free Processing for New Business Users and for Referring a Business

This bonus is no longer active. You can view the active referral bonus by clicking here.

The Offer

Plastiq sent out a targeted email with the following offer:

  • Refer a business to Plastiq with your unique referral code and you’ll each get $2,500 in no-fee payments on Plastiq
  • Referral bonus will post after the new member makes $100 payment with a business card

Initially, you’ll see the regular $400 referral bonus, but after the referee makes a $100 business card payment, you’ll see the full amount within a couple days. (HT: r/churning)

I’m guessing that they can see if the card is a business credit card based on the BIN, and they’ll manually credit your account the remaining referral bonus if a business card was used to make the first payment.

Screen Shot 2017-02-23 at 12.10.34 AM

Search for email subject “Interested in 2,500 fee-free dollars?” to find it.

The Fine Print

  • No limit as to how many businesses you can refer
  • The new business must make $100 payment by March 31 to be eligible

According to what we were told by Plastiq, to qualify for the $2,500 FFD offer, you have to refer a business and they’ll have to make a business payment with a business card. They’ve also confirmed that this offer is targeted only to select accounts who’ve received this email.

Our Verdict

This is an excellent offer both for a business who wants to begin using Plastiq and for an existing member who has a business to refer. Assuming you value credit card spend at 2%, it would amount to a $50 value. The standard referral offer from Plastiq is $400 in free processing for referrer and $200 in free processing for new member.

The referral code for business referrals is the same as for personal, just if you were targeted with this offer and you refer a business, they’ll give you each $2500 in free processing instead of the standard amount.

You can leave a referral in the comments to this post, but PLEASE ONLY LEAVE A REFERRAL IF YOU GOT THE TARGETED EMAIL. Otherwise, the new business user will not get the $2500 FFD offer. If you didn’t get the email, please leave your referral in the regular Plastiq referral thread.

In order to verify that you got this offer, you must link to a tweet or some other image (like Imgur or some social media platform) that shows a screenshot of the offer from your email along with the referral code (it all shows in the email). The screenshot should look similar to the screenshot shown above, just include another bit more underneath that which shows your referral code as well. You don’t need to show your name.

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Michael J
Michael J (@guest_369873)
March 14, 2017 15:17

I think a big reason Plastiq ended the promotion early is because of the scammers saying they were targeted. Shame on you Russ/Randall/Elvira/Nelly.

chris
chris (@guest_369919)
March 14, 2017 16:11

it’s easy to come to that conclusion but there definitely was confusion as plastiq admitted. i for one went through the same thing. i posted my referral on here and my proof was an email from the plastiq business team telling me my referrals would be eligible for the bonus. of course bonuses didn’t automatically post but after multiple email exchanges, me and my referrals all got our bonuses. plastiq is definitely to blame for not better information their reps that this offer was targeted.

Michael J
Michael J (@guest_369929)
March 14, 2017 16:20

Agreed!

And to the people who purposely scammed others and used sock-puppets saying they had received the bonus in this thread above. How low do you have to go to scam people for $400 FFD? For $8-10 of fees saved? Seriously??

Michael J
Michael J (@guest_368235)
March 10, 2017 22:08

Just received this email from Plastiq:

“As you know, last month we launched a promotion where you could earn more fee-free dollars when referring a business. While we were excited about this promotion, we noticed that it created more confusion than happiness for our customers.

So while we’re ending this promotion today, March 10 at 11:59 p.m. PST, we will be launching a new, extended offer on Tuesday, March 14. Keep an eye out for an email with more details on that day.”

Posted the full email to Reddit. Will be interesting to see what the new promo is coming tomorrow. It probably won’t be as a good as the current one though.

https://www.reddit.com/r/churning/comments/5yqa57/psa_plastiq_2500_ffd_business_promo_abruptly/

chris
chris (@guest_368193)
March 10, 2017 20:01

Plastiq is giving me and my referrals the runaround saying rent and real estate payments are not business related. Anyone else having this issue?

John
John (@guest_368201)
March 10, 2017 20:33

Are you using a business credit card to pay?

chris
chris (@guest_368202)
March 10, 2017 20:36

Yes

Michael J
Michael J (@guest_369931)
March 14, 2017 16:26

Hey Chris were you able to get this resolved favorably? One of my referrals is having the same issue, made a mortgage payment and not credited.

RTC
RTC (@guest_370000)
March 14, 2017 18:15

^That would be me. I chatted with a csr @ Plastiq and they escalated it to their tech support department, and said I’d hear something within 2 days. Only FFD showing in my account is/has been $200, and everything so far has referenced the full 2.5% fee.

Benno
Benno (@guest_367527)
March 9, 2017 17:37

Thanks to everyone who used my link!

Benno says:
March 5, 2017 at 4:33 pm
Here’s my referral code for the $2500 FFD offer:

https://www.plastiq.com/cardholder_ui/start?referralCode=590360

and a link to a screenshot of my offer:

https://www.dropbox.com/s/6rgceptld8p90x3/Plastiq%20referral.png?dl=1

Ben
Ben (@guest_367281)
March 9, 2017 10:15
Ben
Ben (@guest_367282)
March 9, 2017 10:15

Oops, sorry for the duplicate

Ben
Ben (@guest_367264)
March 9, 2017 09:35

I got the $2500 fee-free dollar offer via email. https://twitter.com/BennyPop11/status/839828521165983744

And here’s a link with my referral code: https://try.plastiq.com/327542
Thank you!!

Russ
Russ (@guest_366960)
March 8, 2017 20:49

I used Randall’s referral and got my bonus.
Good luck.

encin
encin (@guest_369748)
March 14, 2017 13:23

This appears to be bogus. See my comments above regarding Randall and Elvira.

silverorchid
silverorchid (@guest_366888)
March 8, 2017 19:44

Apparently some people lied on this comment! I used the link from “Julian Banks” above and after completed my $100 spent, I didn’t get the bonus. I contacted Plastiq and was told this Julian Banks person was not included in this promotion!

Be careful people! Do NOT use this person’s referral.

Benno
Benno (@guest_364713)
March 5, 2017 16:33

Here’s my referral code for the $2500 FFD offer:

https://www.plastiq.com/cardholder_ui/start?referralCode=590360

and a link to a screenshot of my offer:

https://www.dropbox.com/s/6rgceptld8p90x3/Plastiq%20referral.png?dl=1

Randall
Randall (@guest_364640)
March 5, 2017 14:14

http://i.imgur.com/vpc63QN.png

https://www.plastiq.com/cardholder_ui/start?referralCode=606350

I received my referral link directly from business accounts customer service.

Thank you.

Russ
Russ (@guest_365569)
March 6, 2017 23:55

I used your referral code and already got my points.
Thanks!!!

Randall
Randall (@guest_367632)
March 9, 2017 19:49

Congratulations. I’ve got my bonus too:)

encin
encin (@guest_369741)
March 14, 2017 13:11

Do not use this referral link, user is claiming to have recieved the targeted offer and it doesn’t seem to be the case – please see the above comment I have to Elvira. Looks like the user is using different names but the screenshot is the same.