Plastiq
Information by Garvin Martin
Plastiq is an intelligent payment solutions provider for businesses. The company's primary service allows businesses to use their existing credit cards to pay for virtually any business expense, such as rent, inventory, and supplier invoices, even if the recipient does not accept credit card payments. Plastiq facilitates this by charging the sender's card and delivering the funds to the recipient via ACH transfer or check. Originally founded to help consumers pay large bills like tuition and taxes with cards, the company has since shifted its focus primarily to the B2B market. In May 2023, Plastiq Inc. filed for Chapter 11 bankruptcy and was subsequently acquired by Priority Technology Holdings, Inc., under which it continues to operate its services.
Industry
- PSP GatewayPRIMARY
- Other Service
- Payment
Financial
HQ Location