Posted by William Charles on January 11, 2017
Manufactured Spending

Published on January 11th, 2017 | by William Charles

29

Plastiq: 2% Fee For All American Express Payments (Mortgage, Rent & Other Bills)

The Offer

Direct link to offer

  • Plastiq will charge only a 2% fee on all American Express payments using Plastiq

plastiq-2

The Fine Print

  • Submit or schedule a payment for ANY bill.
  • Make sure the “Processing Date” is no later than February 28, 2017. You can see the “Processing Date” when you hover over a date in the calendar.
  • Use an American Express card to make the payment.

Our Verdict

Standard fee is 2.5%, although some Mastercard payments are also only 2%Plastiq also have a referral program, you can read more about that here and also share your links (do not add your referrals in the comments of this post, they will be removed). 2% will be breakeven/loss on most cards unless you highly value points/miles, but could be useful for meeting minimum spend requirements.

Thanks to all the readers that sent this in (too many to list, sorry guys!)



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Adam
Adam

Does the discount apply to Amex gift cards?

Michael
Michael

I would think so, as MasterGC counted when MC rate was cheaper.

Jan B
Jan B

Can anyone confirm that AMEX GCs would work as well as actual AMEX CC?

Thanks! 🙂

Billy
Billy

Very nice that this promo will line up with the NBA All-Star Weekend!

CD
CD

Great point–thanks!!

jackgopack4
jackgopack4

Last year IIRC Plastiq only automatically earned 1x per dollar and you had to call to get it adjusted

Billy
Billy

It depended entirely on what you used Plastiq for. See my post from last year. I got 5x points for paying mortgages and sending repair funds to my property manager. I only got 1x points for paying property taxes.

Jan B
Jan B

I would need three recommendations before I tried it. My disabled sister’s rent requires my accountability.

Points and miles are nice but a late payment in her life is not just a deal breaker; it’s a breaker.

Amex has been offering me promos again lately after a drought.

Anyone? Thanks! 🙂

Jake
Jake

I used it for rent this past month for me and my gf. Worked fine, just need to give a couple extra days buffer.

I was able to pay rent ahead and utilize the 1.5x on amex business platinum as well as the Shop Small promo at the end of last year.

Abey
Abey

I use Plastiq every month to reach minimum spend.
Usually order 10 days in advance to arrive on time.
One time it didnt arrive at all and had to call up to cancel the lost checks and had to pay the landlord with my own check.

Jason
Jason

Not suggested if you concern about late payment. It takes too long to arrive. What’s more, they ask you to verify you are the card holder but screen printing and send back those pending transaction from your login of your credit card, that takes additional time too. Say today is Thursday and your payment won’t be sent on at least next Tuesday.

bellevuemike
bellevuemike

Is this a one-time use offer or is it for ALL Amex payments prior to that date?

bellevuemike
bellevuemike

Nevermind. Clicked the link and saw that it’s for all payments.

Abey
Abey

I wonder if i can do MS with Plastiq.
Lets say me and my friend write checks to each other and then we cash them and pay back the card.
Or we can even send the check straight to the bank for payment or even walk into the branch for credit card payment.
Yea it will cost me 2% but its a fast way to reach minimum spend.
What do you think?

Jason
Jason

They shut you down based on your register/login IP. I referred a friend of mine so that I could get the free points and he tried to send me a check via that for some service like walking my dog? I don’t have a dog… I don’t even suggest to pay rent with Plastiq. If you have to, try PPBDC so you don’t have to worry about any fees, because 1% compensate their service fee 1% for debit card. Of course you won’t be earning points and miles anyhow. Anyway, I stop using Plastiq long time ago for other issue which is that they don’t let me use prepaid Visa card.

jackgopack4
jackgopack4

I’ve noticed if I overpay my USAA Insurance bill they’ll send me a check for the difference.

Don’t want to abuse that though, since they’re my primary bank too.

Ellie
Ellie

Does anyone know if the SPG personal 30,000 offer is still available? Would love to use Plastiq to meet the min spend on that card.

r
r

Plastiq has turned out to a big disappointment. It seemed too good to be true and it was!

They say, they support payroll.

Yet, after creating numerous recipeints with none of them working, I set up the payment, exactly how they wanted, had the employee create a business profile,used the employees business link as Plastiq demanded, provided all documentation they asked for, employee contracts (offered to send them tax forms, anything they would need).

And yet, Payroll payment is declined and they write

After consideration, our Account Services team decided we will be unable to support payroll payment at this time. We are currently working on a very smooth and effective payroll process that should be ready in a few weeks. Once that’s all set we can let customers know this is an option.

Second bad experience,

CSR (or for that matter all of Chase V) keeps on getting declined, even with the business link,electronic payment, using all of the tricks I saw here in the comments and still doesnt work.

And Plastiq has been very difficult to correspond with and seemingly uninterested in having their actual transactions processed as their transactions are appearing as cash advances.

Datapoint: The actual Plastiq Fee is coded properly and passes through CSR. I simply asked Plastiq to code the actual transaction the same way the Fee is coded, but no, they are uninterested.

I was using Plastiq.ca. I dont know if that makes a difference.

PointsAfic
PointsAfic

I made a payment for my kid’s apartment rent yesterday using an Amex GC and I was only charged 2% so I can verify it works. I have been using credit cards with Plastiq the past few months and the check arrives latest within 10 days. Sometimes it reaches earlier but I keep a 10 day buffer.
If anyone is interested, my referral link is below. You will earn 200 fee-free dollars and I will earn 5000 fee-free dollars so any referrals are appreciated.
https://try.plastiq.com/541360

PointsAfic
PointsAfic

Hi! I have been using credit cards on Plastiq to pay my kid’s rent for the past few months and it is working fine. I usually leave a 10 day buffer and that is enough. Yesterday, I used an Amex GC and I can verify it works.
If anyone is interested, below is my referral link. You will earn 200 fee-free dollars after your first payment and I will earn 5000 fee-free dollars after you make your first payment so any referrals are appreciated.
https://try.plastiq.com/541360

J
J

Just tried to process a plastiq payment. Guess what?

3% (regular chase mastercard)

Their explanation

Non-Canadian Cards
Why am I getting charged a higher rate?
We have done a BIN check with our bank and they are telling us that your card is a non-Canadian card.

As stated on our fee table, any non-Canadian cards paying a business that is located in Canada will get charged a higher rate of .5% on top of the stardard or promo rate.

bunnyburning
bunnyburning

I have opened several credit cards recently. To satisfy the spending in the first three months, I have used Plastiq to pay my rent for the past few months. I usually leave several days buffer and that is working fine.

[Edited. Please leave referral in the dedicated thread.]

TXOil
TXOil

remember Amex Bus Plat gives 1.5x MR on $5000+….

Abi
Abi

been using plastiq over last few months to pay childcare using PPBDC. 1% plastiq fee and 1% back in PP cashback everymonth. PPBDC is backed by ebay MC so earning cc points on it. Working great. Lately tried loading PP with PPCC using 5% CC. No problems so far. As long as it is a valid bill, its not a problem.

[Edited. Please use dedicated referral thread.]

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