Plastiq announces Cash Payments & significant growth in the second half of 2020

By Pavithra R

Plastiq, an intelligent payment solutions provider for businesses, has announced expanding its scope of payments platform to include U.S. cash payments, besides credit card payments.

The new cash payments feature enhances Plastiq’s existing credit card payment offerings to provide businesses of all sizes the ability to pay their bills in one place using their linked bank accounts or credit and debit cards for optimized cash flow management. The enhancement removes the need for customers to go through the hassle of writing checks; while allowing businesses to make and track all of their business payments all in one place and gain transparency into their total cash flow.

Additionally, Plastiq has also announced significant growth in the second half of 2020, particularly from businesses in eCommerce and healthcare, among other sectors.

“With the addition of cash payments, we are providing our customers with a fully integrated, intelligent payments solution that serves as a one-stop-shop for all of businesses’ payment needs. By giving businesses the freedom to pay and be paid in more ways than ever before, including cash, credit card or check, Plastiq is now the one essential tool every business owner can count on to set themselves up for growth and success. It allows owners to better manage their cash flow and save thousands of dollars in time spent on making or tracking payments across disparate tools and services,” said Stoyan Kenderov, Chief Product and Technology Officer at Plastiq.  

Founded in 2012, Plastiq is committed to helping small businesses achieve their growth potential. It offers intelligent payment solutions enabling businesses to pay or accept payment via a credit card or cash for virtually any expense. The firm has revolutionized how its more than 1.5 M customers optimize working capital by enabling them to pay or accept payment for anything with cash or a credit card, even where credit cards or digital payments are not accepted. It has strategic partnerships with companies including U.S. Bank, Visa, Mastercard, Silicon Valley Bank and more and works with all major credit card providers, including Mastercard, Visa, and American Express.