Plastiq - US cardholders can now add international recipients to be paid by credit card

[CreditInspired]

I received the below email from Plastiq:

US cardholders can now add international recipients to be paid by credit card! Starting today, you can add recipients from China, Hong Kong, and Singapore.

For the last two years, we’ve been piloting this powerful service with a small group of our members. They reported better cash position and a simpler process for sending payments globally. Due to the overwhelmingly positive response, we’ve decided to add this feature to the application.

If you have any questions, please let us know.

Warm Regards,
The Plastiq Team

P.S. We’ll be adding more countries over the next few months, but if you have an immediate need to pay a recipient in a country not listed, please send an email to sales@plastiq.com

[Anonymous]

I've really like the idea of plastiq is the service any good?

[longtimelurker]

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@Anonymous wrote:
I've really like the idea of plastiq is the service any good?

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Service is fine.   Just have to think the fee is worthwhile (and deal with restrictions imposed by networks, e.g. mortgage and Visa)

[mongstradamus]

It's a good way to meet min spend on sub with MasterCard if you have a mortgage imo.

[Turbobuick]

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@mongstradamus wrote:
It's a good way to meet min spend on sub with MasterCard if you have a mortgage imo.

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+1

I just learned about Plastiq from a previous thread. From what I read, with that huge 2.5% fee, meeting min spend is the only purpose I could see to use it.  YMMV. 

[Revelate]

Some things like my HOA have a 3% convenience fee: Plastiq saves .5% in that model.

Also Plastiq has run 1.5% promos from time to time, it’s not a bad service.

Sadly I don’t know of any 3% Mastercards, of course if there were that would probably get whacked for mortgages too on Plastiq.