Posted by Chuck on February 23, 2017
Manufactured Spending

Published on February 23rd, 2017 | by Chuck

184

[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This bonus is no longer active.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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ali
ali

I got the referral for fee free $2500 offer.

https://www.screencast.com/t/vnBr6XZf

referral code: 465318

ali
ali

please use Business cards to get the $2500 in FFD. YOU WILL NOT GET the FULL $2500 if you USE PERSONAL CARD.
Direct link to the offer

http://try.plastiq.com/465318

Oliver
Oliver

Get $2500 in FFD if you use a Biz debit/credit card. Thanks!

http://imgur.com/a/g1vnO

Ryan R
Ryan R

I got the $2500 fee-free dollar offer via email. Here’s proof: https://twitter.com/RyanRancatore/status/834813882212315137

And here’s a link with my referral code: try.plastiq.com/533425

Thanks!

Shawn
Shawn

I used it to make an account, but it gives the message below. Any idea why?

Code 533425 Applied: You’ll get 200 FFDs after you make your first payment.

Ryan R
Ryan R

That’s b/c its the same referral link for personal and business, differing values depending on which you qualify for. To trigger the full 2500 you need to use a business credit card and make payment of over $100. Worst case you might have to ask them to manually add it. Good luck!

Reuben
Reuben

I used your code. Paid a Doctor bill with a business card and got a $200 credit. I have them investigating why your code did not work.

Ryan R
Ryan R

Hi Reuben. You should be good. The pattern is that you get 200 FFDs first, then 1-2 days later once it goes through and they identify the biz card, they credit the remaining 2300 FFDs. Its a manual process on their end.

Reuben
Reuben

Got it! tks

Jay
Jay

Get $2,500 in free credit card processing from Plastiq! Just sign up at https://www.plastiq.com/cardholder_ui/start with referral code 266894 and we will both get $2,500 in free processing!

Here is screenshot proof of this offer:

http://imgur.com/a/STqXC

Thanks DoC for helping us all out!

Jay
Jay

…and here is a nice, convenient link with my referral code:

https://try.plastiq.com/266894

Huge thanks to everyone who uses it to help us both out!

Jay
Jay

Thanks for posting this, Chuck!
I actually received 6 identical copies of this email from Plastiq. Their email system must have been going a little haywire at the time 😛

My referral code is 510341, and here’s my screenshot:

http://i.imgur.com/ACgh5J0.png

A big thank you to anyone who decides to use my referral! 🙂

Mark
Mark

Scam. Do not use! I just did it and only go 200FD

Jay
Jay

Everyone seems to be submitting links for convenience too, so I guess I should follow suit:

https://try.plastiq.com/510341

SJ0

I got targeted for it. I use plastiq a lot so I would appreciate if anyone used my link.
https://try.plastiq.com/371863

proof: http://i.imgur.com/At1wu43.png

Anthony
Anthony

I reached out to Plastiq for clarification, and they said the standard bonus of $400 fee-free dollars is posted immediately, and that the additional $2,100 will be posted separately the next day. So if you don’t see the higher amount immediately, give it a day or two before contacting Plastiq.

My code is 554310, or you can use the link: https://www.plastiq.com/cardholder_ui/start?referralCode=554310

my proof: http://imgur.com/a/W90cN

Thank you to anyone who helps out and uses this referral! <3

Anse
Anse

I just used this code and it’s shows 200 FFD after I make first payment. I will pay with business credit card in a week and check whether FFD amount will change

Anthony
Anthony

Anse,

Thank you for using my code!! From what customer service told me, the $200 bonus you receive from using a referral code is automatic in the system, since that’s the standard bonus. The rest of the $2,300 is credited manually a day or two after you meet the requirements.

Josh
Josh

Took 8 days to 2500 to post, but it did. Hopefully you see some more too.

imnion
imnion

Evidence by screenshot: http://imgur.com/pRFbChL

Here’s my referral link: https://try.plastiq.com/540163

DP: I’ve only used my account to pay rent, but used my Ink Preferred to do it on a couple of occasions. Must have gotten me targeted.

ddt
ddt

Here’s my $2500 promo link. Ref code: 582798

https://try.plastiq.com/582798

Did not pay attention to it, until you point it out. Thanks.

Email screenshot:

http://imgur.com/B3XdbaK

Curmudgeon
Curmudgeon

Used your code ddt.

Curmudgeon
Curmudgeon

My full $2500 in fee-free spend posted today. I received an email from Plastiq saying they did a test charge on my Amex Biz Rewards Gold for a random amount between $1 and $2 and I had to verify that amount before they would process my initial $100 payment.

chris
chris

i received this same verification email.

ddt
ddt

I got the email from Plastiq today, that the current business promo will end today(3/10, 11:59PST). HOwever, they’ll launch a new one on 3/14. See below:

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.

Any additional fee-free dollars owed to you through this promotion will be credited to your account by 5 p.m. PST on Monday, March 13. Please reply to this email if you have any questions.

Best,
The Plastiq Team

ddt
ddt

Got email from Plastiq yesterday that they ended the $2500 business promotion as of 3/10 11:59PST. Not sure why my comments yesterday was deleted. See email contents below:

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.

William Charles

Comment wasn’t deleted, likely didn’t show as it needed manual approval.

nonimmigranth1b
nonimmigranth1b

I am targeted for the promotion.

Earn 2,500 fee-free dollars when you register using my link and make $100 payment via Business credit card. Please use the below link if interested.
https://www.plastiq.com/cardholder_ui/start?referralCode=558203
Mine unique referral code is: 558203

Proof : http://i.imgur.com/CwBXNaQ.png

Shawn
Shawn

Is the only requirement that it has to be a Business Credit Card? How else would Plastiq validate that it’s a business?

chris
chris

that is pretty much the requirement. i used someone’s link on tuesday, 2/21, and scheduled a mortgage payment with a business card. today i got an email from plastiq saying they have added 2500 FFDs and log on to confirm. i don’t have a business and did nothing else but scheduled a payment with a business card.

NoonRadar

Hey Chuck, maybe suggest on the post that people ppl leaving the referral link mention a couple of things abt Plastiq business. It would be especially useful for us who have never used Plastiq and might help us decide to sign up or not.

For instance I have no idea if you can have, or have to have, a separate login for personal vs business, whether you can have more than one business login if you have more than one business, does the business card’s name have to match that of the business, whether any business registration forms are needed to sign up for Plastiq business? Thank you in advance if anyone clarifies these.

Anthony
Anthony

There isn’t a separate service for a Plastiq business account; instead, the increased referral bonus is for anyone who registers using a referral code *and* uses a business card to send a payment of at least $100. Personally, I use the PayPal Business Debit Card; the Chase Ink, Amex business card, or really any card that says “business” should work to qualify you for the higher bonus.

There is no separate login that is needed, and there are no forms required. Just use a business card to pay for your first purchase to qualify for the higher bonus.

Mark
Mark

I recently got AmEx card and need to spend 5K, can I pay to my spouse and my spouse can pay to me using Plastiq?

Daisy
Daisy

No, plastiq will usually follow up to make sure it is a legit bill if the payment is to a person. For rent, plastiq qill ask for a copy of the lease.

Jay
Jay

Warning (and perhaps you could make this even more obvious in your post, Chuck):

I saw that someone had just used my referral without using a business card, which would mean that the referee only earned 200 FFDs.

If you sign up using these business referral links, *DO NOT FORGET* to pay at least your first payment using a business card!

Michael J
Michael J

I believe even if the referee makes a business card payment you get credited 400 FFDs. The 2500 FFD bonus is in addition once they verify it was a business card payment. There was a DP on Reddit that this may not happen automatically, and you may have to open a case with Plastiq to get the referral bonus. Hoping this isn’t true!

Jay
Jay

I see–that makes sense, though nothing in the email nor the referral program terms mention anything that might suggest that this was the case.

I suppose we should give them a week or so, then.

Michael J
Michael J

Was targeted as well!

https://try.plastiq.com/599016

Proof: http://imgur.com/a/vKiBi

I’m currently paying down $300k of student loans via Plastiq, so definitely would be able to use some more FFDs. Lemme know at /u/asphodyne on the churning subreddit if you use the link so I can remember your handle in the future.

@NoonRadar

Plastiq accounts are tied to an individual’s name, not to business names. There is no requirement to have separate accounts for personal versus business, or separate businesses, and I do not believe this is encouraged even. They specifically state in their TOS if you create a duplicate account tied to the same person, they will not credit FFDs to the new accounts.

The only requirement for the promotion is to use a business credit card. It does not have to be a payment to a business or for a business, strictly speaking. The name on the business credit card used also does not matter (since conceivably your business may have a manager making payments on your behalf). No business paperwork is needed at all.

Jonathan
Jonathan

“I’m currently paying down $300k of student loans via Plastiq”

I sure hope you got either an MD or a JD!

Daisy
Daisy

Here’s my plastiq referral code when you make a payment of at least $100 by March 31, 2017, we will both earn 2,500 fee-free dollars.

Have have to make a payment with a business credit card to get the extra referral fee-free bonus. I use it to pay rent. You can also use it to make tax payments.
https://www.plastiq.com/cardholder_ui/start?referralCode=523781

proof
https://twitter.com/secretyumyum/status/834827929271963648

Travis
Travis

Used your’s Daisy.

Daisy
Daisy

Thanks Travis! Make sure you follow up with customer service if you made a payment with a business credit card and don’t see the extra fee free dollars applied. I don’t see the extra fee free dollars on my end yet either. So it might have to be a manual add on Plastiq’s part.

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