Plastiq is a B2B payment platform that lets businesses pay any vendor with a credit card, bank account, or short‑term financing, converting the payment into the vendor’s preferred method such as check, ACH, or wire. Integrated with major accounting systems, it automates bill capture, reconciliation, and offers same‑day or next‑day delivery, role‑based approvals, and a mobile app for on‑the‑go management.
Funding
Funding not disclosed
Founders
Product
Problem
Businesses often need to pay vendors with a credit card to earn rewards or manage cash flow, but many vendors do not accept card payments, requiring manual checks, ACH, or wire transfers that can delay payments and increase administrative effort.
Solution
Plastiq provides a payment platform that lets companies use credit cards, bank accounts, or short‑term financing to pay any vendor, regardless of the vendor’s accepted payment methods. The service converts the chosen payment method into the vendor’s preferred delivery format—paper check, ACH/EFT, or domestic/international wire—often with same‑day or next‑day delivery. Integrated accounting syncs (QuickBooks Online, Sage Intacct, Oracle NetSuite, Xero) automatically capture bill data, reconcile payments, and prevent duplicate entries. Role‑based permissions and approval workflows give finance teams control over who can initiate and approve payments. A mobile app and API/embeddable widgets extend the functionality to on‑the‑go users and platforms that want to embed B2B payment options.
Target Audience
Plastiq serves small and midsize enterprises, e‑commerce brands, and wholesale distributors that need flexible payment methods and streamlined accounts‑payable processes.
Features
- Credit‑card payments to any vendor, converting cards into checks, ACH, or wire transfers
- Same‑day ACH, overnight check, and same‑day domestic/international wire options
- Automated bill capture via email, upload, or sync with accounting software
- Direct integrations with QuickBooks Online, Sage Intacct, Oracle NetSuite, and Xero for seamless reconciliation
- Role‑based access controls and multi‑step approval workflows for payment governance
- Mobile app for iOS and Android to manage payments anywhere
- API and low‑code/no‑code embeddable widgets for platforms to offer B2B payment services
- Short‑term financing options with variable rates for registered businesses