Plastiq and Visa partner to help SMB’s through Visa’s Small Business Hub

By Pavithra R

California based intelligent payment solution provider Plastiq has announced its inclusion on the U.S. Visa Small Business Hub.

The Visa Small Business Hub brings together tools and resources from Plastiq and other leading small and medium business (SMB) solution providers to help the SMB community bolster customer relationships through safe, digitally-enabled practices. It offers access to tools and tips that focus on 3 main stages of the SMB lifecycle: starting, running, and growing your business. Resources cover budgeting, attracting customers, managing finances, securing funding, selling online, reputation management, and other vital aspects of business management.

“Helping small businesses is a part of our DNA, so we are thrilled to come together with Visa to support entrepreneurs as they start and grow their businesses in today’s challenging economic landscape. By utilizing our payment tools and Visa’s business cards, small businesses will be able to free up vital cash reserves and better manage cash flow to set themselves up for long-term success,” said Eliot Buchanan, CEO, and co-founder of Plastiq.

With Plastiq, SMBs can use their Visa card to pay virtually any business expense, even when a supplier doesn’t accept credit card payments. The FinTech enables SMBs to free up 30-45 days of cash flow by putting previously cash-only payments on their Visa. The platform gives companies the flexibility they need to continue growing their business. Besides, paying bills through Plastiq enables SMBs to earn rewards using their Visa, while also conserving their cash on hand. Payments can be sent in whichever manner the SMB prefers, whether via wire transfer, check, or ACH transfer. 

Recently, Plastiq raised $75mn to help SMBs with expanded payment options.

Visa and Plastiq, through the collaboration, will launch a digitally-focused campaign to make account holders aware that they can utilize Plastiq to pay bills online, even if the biller does not accept credit cards or digital payments.