Plastiq adds new 1.5% promo, but drops prepaid cards from 0% fee debit option

6

Plastiq, the bill payment service that lets you pay bills via credit card, has introduced a new promotion:

Get a 1.5% rate for all one-time, immediate MasterCard payments to any business.  This promotion will expire on November 30, 2015 at 5 p.m. PT.

According to Plastiq: “People can pay any bill or invoice to receive this rate – from rent, utilities to even babysitters.”  Please note though that “any bill or invoice” isn’t quite right.  You can’t pay credit card bills or friends, nor can you contribute to any investment accounts.  More details about what you can and can’t pay can be found here: Complete guide to Plastiq credit card payments.

The no fee debit option no longer applies to prepaid cards…

Remember how debit card payments through Plastiq are now fee free?  Well, Plastiq has stopped allowing prepaid debit cards as part of that deal.  If your regular bank debit card doesn’t automatically show no-fee, you’ll have to email Plastiq support to get the fee waived.

More complaints…

I keep getting more and more complaints from readers who have tried Plastiq, but end up regretting it.  Most complaints I hear go something like this:

I tried to pay XYZ and the payment seemed to go through…

Plastiq later contacted me and wanted more information, which I gave them…

[various details about back and forth issues with Plastiq support]

The bill was finally paid, but X weeks late. Now I owe a late fee!

So… if you plan to use Plastiq, make sure to pay bills many weeks earlier than the due date.

Never miss a Quick Deal, Subscribe here.

Email:*
Please enter all required fields Click to hide
Correct invalid entries Click to hide
Subscribe
Notify of
guest

This site uses Akismet to reduce spam. Learn how your comment data is processed.

6 Comments
oldest
newest most voted
Inline Feedbacks
View all comments