Press & Media

San Francisco-based Plastiq has launched a new credit card acceptance product earlier than scheduled to help SMBs get access to cashflow faster during the COVID-19 crisis. Originally planned for Q3, the product was fast-tracked and released early to help Plastiq small business customers until the economy rebounds.

Plastiq, a U.S.-based intelligent payments solution for small business, announced on Wednesday it is launching its card acceptance product ahead of its original third quarter 2020 debut.

When Plastiq pivoted its bill-payment services to target cash-strapped SMBs instead of consumers, the startup had no way of knowing how coronavirus would affect its growth.

Plastiq is a service that lets individuals and businesses use debit or credit cards to pay vendors that don’t otherwise accept those payment methods.

Plastiq has been named one of the best companies to work in 2020 by the San Francisco Business Times.

You might think you can pay for anything with a credit card. But when Eliot Buchanan tried to pay for his tuition with one—which was already hard enough to get, given he was from Canada and had no credit score—the university didn’t accept it. It seemed like such a glaring oversight: why wouldn’t a university want to take his money? (PDF)

Payroll service and software provider ADP revealed a range of new product capabilities and partnerships at this year’s Accountex event, which was held Sept. 5-6, 2019, in Boston. Some of the company’s featured partners including JazzHR, TSheets, Plastiq and SnapEval. The integration allows accounting professionals to improve productivity and compliance for their clients all in one dashboard.

Commercial bill pay company Plastiq has announced that U.S. Visa commercial cardholders will be able to use the Plastiq to pay vendors, even if they don’t accept credit cards, the company said in a release.

As COO of Plastiq, the best way to use your credit card for improved cash flow, Sameer will be responsible for revenue-generating functions, including product, sales, business development and marketing…

“…third-party providers such as California-based Plastiq…allow you to pay your tax bill with a credit card through their websites or…through their mobile app as well.”