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NewProduct
NewProducts

Pay and get paid with all-in-one

intelligent platform

Free payment services

Plastiq's all-in-one intelligent platform enables businesses
to pay or accept payment even where credit cards or digi-
tal payments are not accepted, Kenderov stated. Merchants
can enroll in the platform in minutes to receive the follow-
ing benefits:
• Free accounts: Merchants can create a free account,
lastiq, the intelligent payment solutions provider add payees and link credit cards and bank accounts.
for businesses, created an all-in-one digital wal- Enrolled merchants can quickly and securely accept
let and commerce platform for small and mid- payments and use credit cards to pay suppliers who
P size merchants. Designed to support a range of receive remittances in their preferred payment meth-
payments options, Plastiq processes billions of payments ods and local currencies.
for over 1.5 million clients, stated Stoyan Kenderov, chief • Free bank transfers: Merchants can choose how
product and technology officer at Plastiq. they want to pay and have a single-access view of all
payments without changing platforms. Those doing
Kenderov noted that Plastiq's all-in-one wallet supports business internationally can pay by credit card for
any form of money coming in or going out. "Other solu- prompt, guaranteed service and wholesale exchange
tion providers offer bill payment but only for vendors that rates in over 40 countries.
accept credit cards," he said. "Plastiq enables SMBs to pay
with cards, even with vendors that don't accept cards. The • Free credit card acceptance: Merchants accept credit
platform supports a full range of payments, including cash, cards at no charge and receive prompt remittances
check, ACH and wire transfer." with Plastiq Accept, which passes a small conve-
nience fee to their customers.
Kenderov went on to say that Plastiq provides real-time Partners welcome
insights into businesses’ payments, cash flow and work-
ing capital. Companies can use these insights to determine Kenderov noted that Plastiq was recently named to the 2020
how and when to pay expenses and efficiently manage re- Forbes FinTech 50 and has strategic partnerships with U.S.
sources across any industry supply chain, he added. Bank, Visa, Mastercard and Silicon Valley Bank. In addi-
tion, credit card processors integrate the platform using the
Full QuickBooks Online integration company's APIs.
Unlike partially integrated solutions, Plastiq's QuickBooks
Online solution can update QuickBooks Online entries ac- Plastiq's growth has been driven by companies that receive
curately in real time. Designed to eliminate manual entry, Plastiq payments and extend the platform to their customer
the solution helps to improve efficiencies by enabling mer- base. Fintechs, credit card issuers and third party service
chants to reconcile payments, bills and invoices within their providers are also adopting the platform, Kenderov stated,
accounting systems, according to Eliot Buchanan, CEO and adding that Plastiq stays attuned to customers and what
co-founder of Plastiq. they need next.

“We recognize how time-consuming and error-prone it can Kenderov acknowledged that achieving frictionless vendor
be to manually maintain accurate QuickBooks records,” payments has been a long journey. "If I have any form of
Buchanan said. “By integrating QuickBooks into Plastiq, money that is liquid and contains value, I should be able
we’re giving businesses back vital time and resources while to use it for any of my payments anywhere in the world,"
greatly reducing the chances of human error, enabling he said. "It may take years, but I see encouraging signs and
businesses to keep their eyes on innovating and propelling believe we're at the beginning of something very big and
growth.” transformational."

Buchanan mentioned that integrated service imports in-
voices directly from QuickBooks, quickly identifying Company: Plastiq
and populating all essential information such as vendor,
amount due and invoice due dates. The platform also ex- Product: SMB merchant wallet
ports invoices paid through Plastiq back into QuickBooks, Website: www.plastiq.com
separating invoice payments from Plastiq’s transaction fee Contact: sales@plastiq.com
to help maintain accurate record keeping.

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