PSA: Plastiq Coding As A Cash Advance On Visa Cards

Just a quick little warning, at the moment if you use a Visa credit card with Plastiq you’ll see the following message:

WE RECOMMEND PAYING WITH A DIFFERENT CARD FOR THIS PAYMENT

Visa requires cash advance treatment for credit card payments to recipients who do not yet have a relationship with Plastiq. As such we recommend using a MasterCard, American Express, or Visa debit card for this payment.

The Plastiq team works quickly to build relationships with all new payment recipients, so the next time you pay <what you’re trying to pay>, you will likely be able to use your Visa credit card without issues. You can also speed up this process by sending your recipient to plastiq.com/business to sign up for free.

If you have any questions, please feel free to reach out to [email protected]

This seems to be new and not affecting all payments on Plastiq with a Visa card. If you get the above message, I’d be safe and pay with another card until we know for sure what is going on. I suspect this won’t affect most readers as they will be taking advantage of lower rates on American Express & Mastercards currently being offered.

Hat tip to reader Jeff H

 

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