Plastiq, the intelligent payment solutions provider for businesses, 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 create and strengthen customer relationships through safe, digitally-enabled practices.
“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,” said Eliot Buchanan, CEO and co-founder of Plastiq. “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.”
The Visa Small Business Hub offers access to tools and tips that focus on three main stages of the small business lifecycle: starting, running and growing your business. Resources cover securing funding, budgeting, attracting customers, managing finances, selling online, reputation management and other vital aspects of business management.
With Plastiq, SMBs can use their Visa card to pay virtually any business expense—even when a supplier doesn’t accept credit card payments. Plastiq enables SMBs to free up 30-45 days of cash flow by putting previously cash-only payments on their Visa. This seamless and secure payment platform gives companies the flexibility they need to continue growing their business. In addition, paying bills through Plastiq enables SMBs to earn rewards using their Visa, while also conserving their cash on hand.
Further building on the collaboration, Visa and Plastiq will launch a digitally-focused campaign to make account holders aware that they too can utilize Plastiq to pay bills online, even if the biller does not accept credit cards or digital payments.
Plastiq has revolutionized how its more than 1 million customers optimize working capital by enabling them to pay or accept payment for anything with a credit card, even where credit cards or digital payments are not accepted. Payments can be sent in whichever manner the SMB prefers, whether via check, wire transfer or ACH transfer. The intelligent platform provides real-time insights into businesses’ payments, cash flow and working capital. These insights inform how and when to pay business expenses, allowing businesses to efficiently manage resources across any industry supply chain.
Plastiq is the intelligent payments solutions provider enabling businesses to pay or accept payment via a credit card for virtually any expense. With Plastiq, it is easier for businesses to access working capital in ways that make the most sense for them, so they can maximize every business opportunity. Plastiq works with all major credit card providers, including Mastercard, Visa and American Express, and its automated payment platform has signed up more than 1 million clients, processing billions in payments for a wide range of expenses, from business supplier payments to contractors, taxes and rent. Plastiq has won a number of awards and recognitions, including being named to the 2020 Forbes FinTech 50. Learn more at www.plastiq.com.