Deal has ended, view more Plastiq deals by clicking here.
Update 9/9/21: Another round sent out at 1.75%, subject line is ‘How about a 1.75% Plastiq fee?’
The Offer
Sent out via e-mail, subject line is unknown
- Plastiq is offering some customers 1.95% a fee on payments
The Fine Print
- Payments must be made with a credit card associated with the eligible customer’s account.
- Eligible customers can submit immediate payments or schedule payments to be processed from 12:01 AM ET on September 2, 2021, and before 11:59 PM ET on September 30, 2021.
- Plastiq reserves the right to cancel or modify the promotion at any time.
Our Verdict
Great deal if targeted as this can make it profitable for regular credit card rewards or cheaper for meeting a minimum spend requirement.
Hat tip to us1549
A few hours after receiving that email, I received a bunch of cancellation emails, and after logging in, I saw that all payments I had scheduled for payment after this month were gone. So it appears they’ve decided to allow payments scheduled to be paid in October to keep the promotional rate, but all later payments were cancelled and removed.
yeah as you and Ryan below. I got 40 something cancellation emails. At least we got October at the lowered rate. I love Plastiq glitches and this is not the first one. Makes me think they are doing it by purpose to collect DPs on how many people schedule how many payments.
Looks like they ended this early. I was able to submit payments with 1.75% a couple weeks ago. Today different payees and different cards are showing 2.85%
Same here. Boo, still had some upcoming payments this would have been perfect for.
I’m not getting the discounted fee anymore. Was working every day up until now. Promo says that payments processed up until 9/30/21 11:59pm should get discounted fee, so I’m not sure what’s going on.
Just saw the 1.75% targeted email from Plastiq. Am thinking using it to pay estimated tax to IRS. But the question is how can I attach the 1040-ES form required by IRS to the payment made by Plastiq?
Never attached any forms with 1040-ES payments, never had an issue (3-4 years, dozens of ES payments)
Does anyone know if you can use a visa gift card through the staples deals to pay a bill through this company?
Plastiq hasn’t allowed prepaid cards since 2019.
Is PPK going to work with this offer? Has anyone tried it?
Since this is a Plastiq promotional offer (so technically you are getting charged the credit card fee and not debit card fee)/
If it works then its a nice stack with Discover.
No, PPK does not work with Plastiq anymore – the charge won’t go through at all.
That was the fallout of the loophole of Q3/Q4 2020 right ?
Have you tried this year and it is still the same ?
It’s letting me add PPK. Thanks
I haven’t tried it recently, but as I recall there was never any issue adding PPK. The issue is that when you try to make a Plastiq charge on it, it gets declined.
It looks like the 1.75 rate applies to recurring payments as well. I am wondering if there is a way to schedule 1 year of mortgage the payments now with MC1 and then later change the credit card to MC2 next year which could be a new card needing to reach a spend bonus. in the past you could not change cards on recurring payments. Is this still the case? Hoping Plastiq would have improved on this as they do not stand to lose anything if a card is changed on recurring payments. Any thoughts?
They stand to lose the higher fee that you would pay if you switch the card. But I haven’t tried it.
I thought payment needs to be processed by Sept 30. How will recurring work then?
Unless you are setting up recurring within the month itself
Yeap this is what I was just told by the agent. The payment for promo rate has to be processed by Sep 30th.
Agent is wrong or system is glitched. see my comment above.
I set up recurring and it is showing the reduced fee for all the payments up to 2023. I don’t know if this is a glitch, but this is how it is showing up right now: It appears that so long as you setup the recurring payment this month, you get the reduced fee even if the actual processing of the payment takes place at a later date.
I see the same thing, but not sure if they would honor it after 9/30/2021. Any past data point of this kind of promo?
Non-promo debit rate just jumped up to 2.85%?
targeted for 1.75%. how convenient that my contractor dropped off his $6K bill today and that there are both a new Santander Ultimate AND a brand new Disco miles in my possession 😎
I was targeted for 1.75. Is it worth it to open Chase Ink cash and pay property tax? Or should I get Amex plat business?
Chase Ink Unlimited rather than cash but yes.