Plastiq are currently running a promotion for 1.75% rates on Mastercard and 2.25% for American Express payments, American Express are also giving you double rewards for purchases made at small businesses through the end of the year. Reddit user andy2na (and others in this thread) are reporting that they are receiving the double small business rewards on the Plastiq payments.
There could be two reasons for this:
- Plastiq is counted as a small business by American Express
- Plastiq is considered a third party payment processor and some transactions will post as a small business because of this:
I process American Express Cards solely through a third party payments aggregator. Do I qualify?
Yes! Provided you meet all other eligibility criteria as outlined above, you are eligible to appear on the Shop Small Map or Online Directory, however you will need to manually update your business information in order for your business location/s to be added. To do this, you will need to obtain your Merchant Access Code from our Shop Small servicing center before you can register and log in to the Merchant website. Call us at 1-800-235-8916 between 9am – 6pm EST, Monday through Friday.
Personally I think it’s more likely that Plastiq is coding as a small business and it’ll be fixed sooner rather than later, but we will see.
