When Plastiq first launched they had a promotional debit card rate of 0%, there was no end date on that promotion but today it has ended none the less. They are now charging 1% for all debit card transactions. The rewards debit card market is pretty much dead apart from the Paypal business debit card, so this shouldn’t be a huge loss for people as Plastiq didn’t accept prepaids/giftcards as debit anyway.
[Update: Plastiq reached out to us to clarify that they do accept prepaid and gift cards, just those cards don’t get the 1% fee, rather the regular 2.5% fee. Only personal debit cards get the 1% fee.]
Plastiq frequently offers promotions, so make sure you follow us on Twitter so you don’t miss any of them. Another one bites the dust…
Hat tip to Project End Point
