Plastiq is a unique new payments service that allows people to make credit card payments for things that would normally require payment by paper checks, wire transfers, money orders or Automated Clearing House payments.
Plastiq can be leveraged by savvy customers to take advantage of generous rewards programs on their credit card by making passive payments through Visa, MasterCard and American Express to merchants who would otherwise only accept debit cards, cheques or cash. So for example if you have a large tax bill, you can pay it off with your credit card -- via Plastiq -- and reap the rewards. You can also use Plastiq to pay things like your recurring rent and utility bills and tuition fees.
The service isn't completely free of course, and you have to be willing to shell out approximately 2.49% per transaction. However this could still help you reap savings depending on the makeup of your rewards plan. Moreover, the convenience of being able to use your credit card to make such payments is undeniable.
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