Visa Cards No Longer Work to Pay Mortgage with Plastiq

Life comes at you fast.

Last week we reported that Plastiq no longer codes at 3x with CSR for rent and mortgage payments. CIP had mixed data points, and even one data point today suggesting that CIP is fixed and coding at 3x again. We still don’t know about Capital One and Bank of America.

However, Visa just informed Plastiq that they can no longer process mortgage payments. Reportedly, rent payments are not affected by the change, only mortgage.

I’ll hazard a guess that mortgage payments sent out via check (e.g. small banks) will still work since the mortgage category is bundled together with rent and real estate, so there isn’t any way for Visa to see which one it is.

[Update: Reports in the comments indicate that rent and HOA can also be affected with this issue. And check-payees are also affected.]

If you can’t pay your mortgage or rent with a Visa, then the CIP question is moot since it’s a Visa card. (Same for the BofA TR question and the Cap1 Venture question since those are also both Visa cards, I believe.) Still matters for rent payments, however.

If you have a scheduled payment, it will reportedly continue processing on the Visa card so long as you don’t make any changes.

Hat tip to redbluefire on Reddit

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Rigo Leto
Rigo Leto (@guest_501615)
October 26, 2017 13:27

Weird, Plastiq is allowing me to schedule a payment to Chase for my mortgage payment with a Visa card today.

HarryTheFirstHarry
HarryTheFirstHarry (@guest_463235)
August 22, 2017 19:27

They have gone rogue. Charged me for waived fee after 3 months.

Flame
Flame (@guest_436512)
July 9, 2017 16:28

Anyone – Are you in touch with Plastiq? Have not seen them come up with any new promotions. Was expecting a promotion last month which was their anniversary. Now with Visa payments not going through Mortgage, they must be seeing some major volume go down. Anyone in touch with their management and if they have any promotions planned soon?

paul smith
paul smith (@guest_436389)
July 9, 2017 10:43

7/4/17 Capital One Auto finance posted as travel
7/6/17 Rent posted as insurance

This is on Chase Ink Preferred. Last month they both posted as travel

Sam
Sam (@guest_422420)
June 17, 2017 16:08

DP : Tried to pay PHH Mortgage with CIP – Plastiq won’t allow it anymore. Had done it last month.

Andrew
Andrew (@guest_420599)
June 14, 2017 12:07

Did a test payment on 6/12 using my CIP to pay my mortgage company (small CU in FL). Payment coded as 3x. Paid the same entity (via CIP) on 6/6 and it coded as 1x. In previous months, it coded as 3x (also with CIP). Strange.

shaky02dd
shaky02dd (@guest_420729)
June 14, 2017 16:45

Sorry, just want to make sure I’m not confused by the order:

You paid last month on 5/X, coded as 3x
You paid some amount on 6/6, coded as 1x
then you paid a small amount on 6/12, coded as 3x?

Andrew
Andrew (@guest_420782)
June 14, 2017 19:19

Yes, that’s correct. It’s very strange.

Alex Buz
Alex Buz (@guest_421543)
June 15, 2017 22:18

Thanks for the DP. With CIP, I’ve gotten 1x on a mortgage payment that I made on 6/3, but last month is was 3x. Next payment hits 7/3 and I’m wondering whether it’s going to be 1x or 3x. Too bad no way right now to send a small payment to check.

Testing
Testing (@guest_420294)
June 13, 2017 21:20
William Charles
Admin
June 13, 2017 21:48

Sorry what comment are you trying to point me in the direction of?

shaky02dd
shaky02dd (@guest_420538)
June 14, 2017 10:00

I assume it’s this series of comments beginning on June 7:

“Today I tried to pay estimated taxes via Official Payments with OV prepaid cards. I have been doing this for several years with no problems. Today the payments were rejected and was told it is an issue with the card. The OV site shows the card is loaded.
I was able to use the same OV card to pay at PayUSAtax, so it appears to be an issue with Official Payments.”

(I also ran into the same problem myself trying to use metabank GC’s from Staples to pay parts of my estimated taxes for this quarter, so I was looking for this info — official payments denied the cards.)

William Charles
Admin
June 15, 2017 00:50

Thanks, Chuck all over it as well. Appreciate you helping out <3.

Mike
Mike (@guest_420185)
June 13, 2017 17:38

Just used my CIP that is a Visa to send my mortgage payment to my Credit Union. Worked just like before.

Rob
Rob (@guest_420093)
June 13, 2017 15:29

Paid Bofa mortgage $100 using CIP ON 6/10. codes as travel 3x.

Made another yesterday for rent $3k. Will let you know how it codes using CIP

Rob
Rob (@guest_421120)
June 15, 2017 10:31

Posted. Coded as 3x for my rent payment. Made another 5k Payment for my mortgage BofA today. Let’s see how that goes. But Visa restrictions doesn’t seem to be for everyone.

paul smith
paul smith (@guest_420047)
June 13, 2017 13:36

I did a mortgage payment to NationStar with my CIP on 6/8/17, coded as travel, received 3x.
Capital one Auto on 6/6/17, also coded as travel

Andy
Andy (@guest_420063)
June 13, 2017 14:10

@Paul Smith
Your CIP = Chase Ink Plus or Preferred?
Mastercard or Visa?

Paul smith
Paul smith (@guest_420184)
June 13, 2017 17:37

Ink Preferred, Visa Signature