Yesterday we shared news that Cozy would allow everybody to make rental payments with their credit card, they will be charging a 2.75% fee to do so. We now also know that their merchant category code is 6513 – Real Estate Agents and Managers – Rentals. As far as I know no cards earn a category bonus on this, but I could be wrong. I don’t see how Cozy will be competitive with competing service Plastiq, but maybe they’ll run promotions from time to time to lower their fees.
[Read:Â Plastiq: Pay Mortgage or Rent with Mastercard For 1.75% Fee, American Express For 2.25% Fee]
Cozy might still have some use if Plastiq continues to have issues with Visa credit cards.
