Published on October 18th, 2016 | by William Charles31
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 firstname.lastname@example.org
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