Published on June 9th, 2017 | by William Charles12
Plastiq: PPBDC Now Being Treated As A Credit Card – 2.5% Fee Applies
Plastiq has been a popular way to pay bills and rent using a credit or debit card. Recently the service stopped earning 3x points on rent/mortgage payments with the Chase Sapphire Reserve. In more bad news it seems that the Paypal Business debit card is now being treated as a credit card and the 2.5% fee applies.
According to this text exchange it’s an intentional change as the PPBDC is treated as a credit card by their processor (meaning higher fees for Plastiq). I suspect that also means the 3x point change is here to stay and Plastiq has been looking to cut costs.
Hat tip to reader Vic J