Our new partner Plastiq, lets businesses get the most out of their Cards—even where they’re not accepted, thereby unlocking value and capital for businesses and maximizing Card volume for Card Issuers.
Rewards+ is constantly looking at innovative ways to bring value to our business clients and one of the biggest pain points we have heard from our business clients is the inability to use their credit cards to pay certain vendors. Not only do they lose the purchase protection afforded when paying with a credit card, having the funds available to make the necessary payments as well as the inabilty to earn rewards is a source of great frustration as they run their daily businesses.
With Plastiq, businesses can now use credit cards to make these payments to vendors even if they do not accept cards. Plastiq generates an individual virtual card for each transaction and then sends the vendor an ACH or check payment against the cred card issues. Businesses that use Plastiq can then tap into their newly available card credit options to pay vendors, including international vendors, earn more rewards and rebates, get early pay discounts from vendors that offer them and consolidate more of their expenses on their cards.
We were proud to host a recent WEBINAR with team-members from Plastiq where they explained how the program works and how many businesses can take advantage of this new payment option. Signup for Plastiq using PEYD’s special link and dedicated team HERE.