AMEX - CAN YOU SEND CASH TO SOMEONE?

[Anonymous]

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@Anonymous wrote:
I have used both TIO and Plastiq recently to meet spending bonus requirements, actual credit card transactions for sure.

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Thank you sir for the input. And would the payee need to set up an account with Plastiq as well?

[Anonymous]

Yes

Just keep in mind that you can't pay mortgages with a Visa card with Plastiq, reason why I had to use TIO even with a slightly higer rate.

[Anonymous]

The payee setting up a Plastiq account is optional, not mandatory. If they are registered as a "business", then that enables Plastiq to send the payments via ACH, which completes the transaction much quicker -- otherwise, a physical check is mailed.

[MrDisco99]

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@Anonymous wrote:

Yes

Just keep in mind that you can't pay mortgages with a Visa card with Plastiq, reason why I had to use TIO even with a slightly higer rate.

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You can if they've set themselves up as an automated payee with Plastiq.  If not, the transaction will still go through but it will show up as a cash advance.  Plastiq will warn you with a big red message before you submit if this is the case.

Visa is the only network that seems to have this problem.

[Anonymous]

When I tried, it didn't even give me the option to proceed as cash advance, it basically told me it can not be done.  I'm also not so sure that it's a Visa problem as I was able to do it with TIO.