topic Re: Plastiq Fee in General Credit Topics

Plastiq Fee

370Z — Sat, 23 Jan 2021 23:12:55 GMT

When using Plastiq with a credit card, is the fee (2.85%) lumped in with the desired payment or is it a separate charge on the credit card? For example, $100 + $2.85 = $102.85 single charge or $100 and $2.85 separate charges? Thanks.

Re: Plastiq Fee

Credit12Fico — Sun, 24 Jan 2021 01:45:36 GMT

@370Z wrote:
When using Plastiq with a credit card, is the fee (2.85%) lumped in with the desired payment or is it a separate charge on the credit card? For example, $100 + $2.85 = $102.85 single charge or $100 and $2.85 separate charges? Thanks.

It's lumped in. So you see one charge of $102.85 on your credit card.

Re: Plastiq Fee

370Z — Sun, 24 Jan 2021 01:54:58 GMT

@Credit12Fico wrote:
@370Z wrote:
When using Plastiq with a credit card, is the fee (2.85%) lumped in with the desired payment or is it a separate charge on the credit card? For example, $100 + $2.85 = $102.85 single charge or $100 and $2.85 separate charges? Thanks.
It's lumped in. So you see one charge of $102.85 on your credit card.

Great. Thank you.

Re: Plastiq Fee

DaveInAZ — Sun, 24 Jan 2021 13:35:55 GMT

And FYI the charge comes through with the name of the payee. I pay my mortgage with BMO Harris Bank through Plastic, so the charge appears as "PQ *BMO HARRIS BANK NA". I've been charging it to my PayPal 2% Mastercard, since it's 2% on every purchase it doesn't show you any MCC merchant coding. As I recall when I used a different card it coded as "Lodging", Plastic can use different merchant codes depending on what you're paying,

Re: Plastiq Fee

370Z — Sun, 24 Jan 2021 18:42:57 GMT

@DaveInAZ wrote:
And FYI the charge comes through with the name of the payee. I pay my mortgage with BMO Harris Bank through Plastic, so the charge appears as "PQ *BMO HARRIS BANK NA". I've been charging it to my PayPal 2% Mastercard, since it's 2% on every purchase it doesn't show you any MCC merchant coding. As I recall when I used a different card it coded as "Lodging", Plastic can use different merchant codes depending on what you're paying,

That's good info. Thanks.

Re: Plastiq Fee

Anonymous — Sun, 24 Jan 2021 23:05:45 GMT

Off topic, but has anyone received any targeted Plastiq offers lately? There's been a few times in the past where they've waived fees on (say) 3 payments of X amount. I've enjoyed taking advantage of those in the past like making 3 mortgage payments at once in order to scoop up a little CB or to hit a spend requirement.

Re: Plastiq Fee

FinStar — Mon, 25 Jan 2021 00:54:49 GMT

I've been getting different ones at various intervals and the most recent FFD promo I received ended Dec 31.

Re: Plastiq Fee

Credit12Fico — Fri, 29 Jan 2021 00:51:47 GMT

@Anonymous wrote:
Off topic, but has anyone received any targeted Plastiq offers lately? There's been a few times in the past where they've waived fees on (say) 3 payments of X amount. I've enjoyed taking advantage of those in the past like making 3 mortgage payments at once in order to scoop up a little CB or to hit a spend requirement.

I received an offer for $1000 FFD to link quickbooks. I don't use quickbooks, but I do now

Re: Plastiq Fee

Anonymous — Fri, 29 Jan 2021 02:27:05 GMT

Are these FFD offers relatively new?

Any offers I ever received never mentioned FFD. They were always along the line of "You get 3 no-fee payments for the month of December" for example.

Re: Plastiq Fee

FinStar — Fri, 29 Jan 2021 03:26:15 GMT

@Anonymous wrote:
Are these FFD offers relatively new?

Any offers I ever received never mentioned FFD. They were always along the line of "You get 3 no-fee payments for the month of December" for example.

Nope, they've had them for sometime. They may have changed their incentive offers for a variety of customers depending on how often you're using Plastiq.

Re: Plastiq Fee

Anonymous — Fri, 29 Jan 2021 03:48:57 GMT

Gotcha. I'm probably the worst Plastiq customer out there, as I don't think I've ever used them outside of a no-fee offer. If they've caught on to that it would make sense for them to stop sending me no-fee offers, lol.

Re: Plastiq Fee

FinStar — Fri, 29 Jan 2021 04:07:13 GMT

@Anonymous wrote:
Gotcha. I'm probably the worst Plastiq customer out there, as I don't think I've ever used them outside of a no-fee offer. If they've caught on to that it would make sense for them to stop sending me no-fee offers, lol.

I don't use them like I used to since their fees went up a while back, although still lucrative for some things. Honestly, I haven't seen those no-fee offers as much these days. I think I saw a couple last year, if that.

Re: Plastiq Fee

Anonymous — Tue, 02 Feb 2021 23:49:53 GMT

Got a notice from Chase that appears to treat them as cash advances now. But I guess they’re a visa anyway.