Plastiq: Pay Just 2% Fee on Mastercard Payments

The Offer

  • Pay your bills with a Mastercard credit card using the Plastiq bill payment service and pay just a 2% service fee

The standard service fee for paying a bill with a credit card bill is 2.5%. As part of a partnership with Mastercard, the fee is now lowered to just 2% for US payments made with a Mastercard credit card.

[More details on Plastiq here: New Option for Paying Rent, Tuition & More with a Credit Card]

This 2% rate was originally reported on Reddit but we didn’t know if it was a glitch or not since there isn’t any advertising indicating the lower rate. Viewfromthewing confirmed with Plastiq that the rate does exist and that – for now – there’s no end date on the rate; hopefully, it will last for a while.

Outandout did some testing and it seems that the 2% rate is only working for check payments, not for ACH payments with payees already in the Plastiq system. This seems odd. We reached out to our contact at Plastiq to verify this, and we’ll be sure to update when we find out more.

Update 4/19 : We heard back from Plastiq that this issue should be fixed now and all payees should be 2% with Mastercard.

Our Verdict

The lower Mastercard rate is especially good news being that Radpad is soon raising their Mastercard rate from 1.99% to 3.49%, and many people may want to start paying their rent with Plastiq instead at the 2% rate. See also our Complete List Of Options For Paying Your Rent With A Debit Or Credit Card.

Remember also that you can get $200 in free processing by signing up with a referral link. Find a referral link and share your own in the dedicated post: Plastiq Referral Program: Earn Fee-Free Credit Card Spend. Please do not put any referrals in the comments here.

Hat tip to Outandout and Viewfromthewing

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25 Comments
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Sally
Sally (@guest_387607)
April 11, 2017 08:55

Here is an offer for $400 in fee free dollars:

https://try.plastiq.com/606610

Use Referral Code: 606610

You will get the $400 fee free dollars after your first transaction.

chris a
chris a (@guest_341887)
January 20, 2017 16:56

Just made my first payment using Plastiq. Will really appreciate if you use my referral link below to earn 200 fee free dollars.

https://try.plastiq.com/579759

Terese Di Pillo
Terese Di Pillo (@guest_317050)
November 19, 2016 13:45

What is your current rate, I signed up at 1.9 but haven’t allocated any pymts. So what would my rate be and for how long?

Will you bd running any promotions in the future?

Meg
Meg (@guest_297730)
September 22, 2016 09:55

Would appreciate if you would use my active link. 200 fee free dollars for you!!

https://try.plastiq.com/325801

Mandrake
Mandrake (@guest_296830)
September 19, 2016 20:31

Sign up with Plastiq using the following link to get $200 fee free dollars: https://try.plastiq.com/510936

Tom
Tom (@guest_292904)
September 8, 2016 12:24

Just made my first payment. Fee for mastercard payment is only 2%. Still waiting for the 200 fee free dollars. Here is my referral link:

https://try.plastiq.com/508278

Jesse
Jesse (@guest_286369)
August 22, 2016 01:45

I’ve been using it to meet some minimum spends, BA, Citi. It takes several business days for check to hit my morgage company but no issues. It was also surprising to find some gift cards was only 1%. I appreciate anybody using my link to earn $200 fee free dollars. https://try.plastiq.com/461368

Adam
Adam (@guest_283090)
August 11, 2016 12:48

My rent payment was received in 8 days (including the weekend). I would definitely recommend sending the payment with plenty of time before deadlines to avoid late payments. otherwise so far so good 🙂

I would appreciate it if any new applicants would use my referral link (you’d get $200 fee-free dollars):
https://try.plastiq.com/473671

Thank you very much 🙂

Zachary
Zachary (@guest_275278)
July 12, 2016 12:01

Now it’s 1% for visa.

AM
AM (@guest_275654)
July 13, 2016 17:38

Where do you see that 1%? I just checked and is still 2.5%