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Plastiq for rent, tuition, utilities, etc.(2018)

Plastiq for rent, tuition, utilities, etc.(2018)

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Old Nov 26, 18, 12:41 am   -   Wikipost
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Last edit by: RedSun
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This is the thread for 2018. The previous discussion can be found here.

Updated Nov-2018: A lot of the personal Visa CCs are out at Plastiq. They will be treated as cash advance and won't receive any rewards. Only Capital One personal Visa CCs are not affected. Business Visa CCs are still good. The best CCs are Mastercard and Discover. AmEx CCs can still be used, but not on many of the payment types. Chase personal Visa cards are limited to the cash advance limit (typically 20% of CL). The details are listed as below:
https://help.plastiq.com/hc/en-us/ar...l-Card-Changes

Successful Credit Cards Used (Posted as Purchase, Visa info outdated)
Amex Blue Business Plus
Amex Open SPG Business
AMEX SPG (non-business)
AMEX Delta business
AMEX business platinum and business gold (Canadian)
BofA - Amtrak World MC
BofA - Business Advantage Travel Rewards MC
BofA - Virgin Atlantic MC
Barclaycard Aviator Red/Silver MC
Barclaycard Arrival World MC
Chase Ink Cash Visa
Chase Ink Plus Visa
Chase Ink Preferred Visa
Chase Hyatt Visa (x2)
Chase BA Visa
Chase United MileagePlus Explorer
Chase United MileagePlus Club
Chase Sapphire Preferred (should give 2x, similar to CSR -- probably expired as of 6/5/17)
Chase Sapphire Reserve (3x, coded as travel -- this appears to have expired as of 6/5/17)
Citi Prestige MC
Citi Premier MC
Citi AT&T Access More MC (3x for rent category, misc. government services)
Citi AA Platinum MC
FIA Fidelity Mastercard
US Bank Altitude Reserve Visa

Successful Payees:
AAA (Socal, Santa Ana) insurance: Electronic payment: Processed 5/21 (Sunday), Complete 5/23, Arrived-Posted 5/26
ACS: took about 2 weeks to post
BMW Financial: Processed 10/13, Sent 10/14, Arrived-Posted 10/19
Caliber Home Loans: Processed 12/09, Sent 12/11, Arrived-Posted 12/18
Cedent mortgage
Chase Mortgage (sends check): 2 week turnaround
Citi Mortgage: Electronic - less than 1 week turnaround as of May 2017
Citizen's Auto Finance - Around 1 week.
CRA Personal Tax & GST/HST remittances
Firstmark Services (student loan, electronically remitted)
Fidelity Bank (Mortgage) https://www.fidelitybank.com/ks/Home.aspx
Flagstar Bank (Mortgage), electronic payment, posts in 2-3 days.
George Mason University: Over a week and a half.
Infiniti Financial: Processed 10/13, Sent 10/14, Arrived-Posted 10/21
Lexus Financial. Processed 3/9/16, Posted 3/14/19
Morgan Stanley Home Loans: Processed 01/14, Sent 01/15, Arrived-Posted 01/21
NA Shade & Associates LLC
National Grid Electric MA: 1 week turnaround
National Grid Gas MA: 3 week turnaround, sends physical check
Nationstar Mortgage, electionic payment, post in 2-3 days.
New York Community Bank (NYCB) Mortgage: check mailed by Plastiq 4/27, posted 5/1.
"NJ City" Tax: Processed 01/21, Sent 01/22, Arrived-Posted 02/01
Penfed Mortgage: 1 week turnaround
PennyMac Mortgage: 1-1.5wk turnaround
TCF Mortgage: 1.5 week turnaround
TD Bank Mortgage (EFT)
Toyota Financial
Wawanesa USA Insurance
Wells Fargo Mortgage: Processed 10/8, Sent 10/9, Arrived-Posted 10/16
Wells Fargo Mortgage: Processed 8/6, Sent 8/9, Posted 8/16

Restrictions
New VISA payments are not being accepted for mortgages.
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Old Sep 9, 18, 6:00 pm
  #331  
 
Join Date: Jan 2017
Location: EWR/PHL/BWI
Posts: 1,259
Originally Posted by Stivelio View Post
Is anyone having issues adding card using mastrpass on plastiq site? I get the pop up to agree to terms and conditions and when I click yes it just stays there and doesn't do anything
I get no problem last night.
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Old Sep 9, 18, 6:03 pm
  #332  
 
Join Date: Jan 2017
Location: EWR/PHL/BWI
Posts: 1,259
How long does it take to receive the $500 referral free dollar after the $500 spending is made?

After the referral, the $500 was made and charged last night. Then the new member is to receive $500 and the referring member is to receive $1,000 no-fee spending.
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Old Sep 11, 18, 10:08 am
  #333  
 
Join Date: Sep 2018
Posts: 1
First time considering Plastiq here..if my mortgage company is loaded in Plastiq’s site and it says it will lay in 2-3 business days, this means it for sure will post as an ACh transaction that quickly? Not sure how far in advance I should submit payment for it to post towards my normal mortgage payment.

Side note - this is going to be made through Citi TY Premier..this is still being accepted, correct?
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Old Sep 11, 18, 11:33 am
  #334  
 
Join Date: Jul 2014
Posts: 298
FIrst payment - submit 2 weeks before due date. Continue 2 weeks until you confirm that its only a few days.
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Old Sep 11, 18, 2:28 pm
  #335  
 
Join Date: Jan 2017
Location: EWR/PHL/BWI
Posts: 1,259
I realized Plastiq has a lot of technical issues.

With Masterpass, I set up with 3 banks with 3 MCs. But in Plastiq, only one is selected and I can't change it. Say, I have Masterpass with BA, City and Chase. Only Masterpass BA is available, hard-coded. I can't switch CCs. There is no pending or scheduled payments.

Plastiq still relied on paper check. This is just amazing....
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Old Sep 12, 18, 3:17 pm
  #336  
 
Join Date: Sep 2011
Location: SNA
Programs: AA EXP, B6 Mosaic, Hilton Gold, Hyatt Explorist, IHG Plat, Marriott Plat, UA Silver
Posts: 856
Too bad there is no effective alternative to Plastiq at a competitive price. If it were easy to run a company like Plastiq (and survive) I would expect a lot more competition. Since there's not a credible competitor, that leads me to believe that it's not easy to run a company like Plastiq.
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Old Sep 12, 18, 3:25 pm
  #337  
 
Join Date: Jan 2017
Location: EWR/PHL/BWI
Posts: 1,259
Originally Posted by ralphs View Post
Too bad there is no effective alternative to Plastiq at a competitive price. If it were easy to run a company like Plastiq (and survive) I would expect a lot more competition. Since there's not a credible competitor, that leads me to believe that it's not easy to run a company like Plastiq.
The problem is that, this business model may not be even solid. If the CC companies fight back, the business will be gone. AmEx alerady put on a lot of restrictions. Visa does the same. Only MC is in good terms with Plastiq.

Also, if the CC offers get worse, $$ payments will flow out of Plastiq....
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Old Sep 12, 18, 5:16 pm
  #338  
 
Join Date: Dec 2004
Location: SFO
Programs: BART Platinum, AS MVPG 75K
Posts: 734
Hard to believe someone hasn't tried this yet, but:
  1. Huntington Business Voice card is a Mastercard that pays out 4% on "Utilities" up to $28k of spending per year
  2. Plastiq codes a lot of things as "UTILITIES..." on MC. Recent payments I've done on MC that code as such include 1040-ES, HOA dues, and housecleaner payments (i.e. pretty much everything I've paid through Plastiq other than mortgage).
Unfortunately I don't live in the vicinity of OH. Maybe next time I'm in Chicago...
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Old Sep 12, 18, 8:03 pm
  #339  
 
Join Date: Jan 2013
Programs: AA EP, SPG Plat
Posts: 2,074
So just tried to schedule a payment on a masterpass card that I've used about 25 times so far and it's asking for the full 2.5% fee.. $250 payment processed yesterday was fine. Anyone else?
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Old Sep 12, 18, 8:58 pm
  #340  
 
Join Date: Jul 2010
Location: PHL
Programs: AA Plat Pro, WoH Glob, HHonors (faux) Diamond
Posts: 2,846
Originally Posted by frudd38 View Post
So just tried to schedule a payment on a masterpass card that I've used about 25 times so far and it's asking for the full 2.5% fee.. $250 payment processed yesterday was fine. Anyone else?
Dang. Fine this morning, but just saw what you saw just now.
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Old Sep 12, 18, 10:00 pm
  #341  
 
Join Date: Jan 2017
Location: EWR/PHL/BWI
Posts: 1,259
Plastiq has been giving me processing error with two scheduled payments. They were good before. Not Masterpass...
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Old Sep 12, 18, 10:42 pm
  #342  
 
Join Date: Jan 2017
Location: EWR/PHL/BWI
Posts: 1,259
I tested setting up a $250 payment with Masterpass and it works fine.
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Old Sep 12, 18, 11:15 pm
  #343  
 
Join Date: Jan 2013
Programs: AA EP, SPG Plat
Posts: 2,074
Originally Posted by Biggie Fries View Post
Dang. Fine this morning, but just saw what you saw just now.
Originally Posted by RedSun View Post
I tested setting up a $250 payment with Masterpass and it works fine.
Checked two other accounts, one was fine and one wanted the fee.
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Old Sep 13, 18, 10:11 pm
  #344  
 
Join Date: Sep 2011
Location: NYC
Programs: Delta Gold, SPG Gold, HHonors Gold, UA Gold (status match)
Posts: 737
Big problem over here. Rent payment (not recurring automatically though I generate the same payment monthly) sent out per plastiq email on august 23. My leasing office claims they only received it September 10th. I’m hoping they waive late fees since I tried to get in touch with them to see if they wanted a backup check and they were MIA for a week, but even though plastiq ‘guarantees’ delivery the guarantee doesn’t apply when the payment is mailed due to USPS delays.

Last edited by floridagal23; Sep 15, 18 at 6:48 am
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Old Sep 13, 18, 10:30 pm
  #345  
 
Join Date: Jan 2017
Location: EWR/PHL/BWI
Posts: 1,259
Plastiq service has been really bad. I had a payment rejected and it was good before. I sent in the support materials and have not received any response for two days. So I had to send in payment from my bank since this caused several days' delay. Just awful....
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