What Plastiq does

Plastiq is a B2B payment platform founded in 2012 and headquartered in San Francisco, with a regional office in Vancouver. The company's core capability is enabling businesses to pay vendors by credit card even when vendors do not accept cards directly, converting card payments into wire transfers, same-day ACH transfers, or overnight checks for vendor delivery. It operates three primary products: Plastiq Pay (outbound vendor payments), Plastiq Accept (inbound card acceptance with zero merchant fees, including virtual terminal and payment request features), and Plastiq Connect (embedded payments APIs and widgets for platforms, marketplaces, banks, and issuers). The technology stack includes native two-way sync with QuickBooks Online, Sage Intacct, Oracle NetSuite, and Xero, international payment coverage across 45+ countries and 20+ currencies, and PCI DSS Level 1 and SOC 2 Type II compliance. Plastiq operates as Plastiq, Powered by Priority, LLC following its 2024 acquisition by Priority Technology Holdings, Inc., the 5th largest non-bank payments company in the US processing over $145 billion in commerce activity, with money transmitter licensing held through Priority, Finxera (NMLS #1168701), and Axos Bank agency arrangements. The company serves 1M+ businesses and individuals across verticals including ecommerce, construction, accountants, wholesale, freight & logistics, manufacturing, and membership clubs, with named users such as Universal Standard, Obvi, and Sunbasket. Revenue is generated primarily through a 2.99% transaction fee on card payments (with additional fees for international or expedited delivery), while enterprise customers operate under custom interchange-plus pricing with a dedicated sales motion; the platform carries no subscription fees and uses a self-serve product-led growth motion for SMB and individual users complemented by direct enterprise field sales.

Name

Plastiq

Legal name

Plastiq, Powered by Priority, LLC

Website

https://plastiq.com

Company type

Private

Founded year

2012

Operating status

Operating

Headcount range

501–1,000 employees

Short description

Plastiq is a B2B payment platform, now a subsidiary of Priority Technology Holdings, that lets businesses pay any vendor by credit card by converting payments into wire, ACH, or check, serving 1M+ SMBs, accountants, and enterprises across 45+ countries with embedded API and zero-fee acceptance products.

Ownership category

akta.pro rank

Product category

Business Payments Platform

NAICS

Activities Related to Credit Intermediation (5223), Sales Financing (52222), Financial Transactions Processing, Reserve, and Clearinghouse Activities (52232)

SIC

Short-Term Business Credit Institutions (6153), Finance Services (6199), Services-Prepackaged Software (7372)

akta.pro primary industry

B2B / Invoice-Based BNPL (Trade Credit at Checkout) (FSAGAIAC)

akta.pro secondary industries

SME & Business Cross-Border Payments (B2B) (FSAMAIAB), Embedded Payments (Pay-ins, Pay-outs, Wallets) (FSAGALAB)

Keywords

• B2B payment platform
• Vendor bill pay
• Embedded payments API
• Credit card acceptance
• Cash flow management

Headquarters

HQ city

San Francisco

HQ country

United States

HQ region

North America

Offices2 records

Markets served

GTM type

B2B

Offering type

Software

Cost components

Technology or R&D, Operations, Personnel, Infrastructure, Marketing or Sales

Revenue model

1. Payment Transaction Fees: Plastiq charges a 2.99% fee for each payment charged to card. This is the primary revenue stream. Payments may incur additional fees based on card issuance country or delivery method. No subscription fees for account access.
2. Expedited Payment Service: Additional fees for expedited payment processing, allowing users to expedite eligible payments for faster vendor delivery before Plastiq receives settlement funds.
3. Enterprise IC+ Pricing: Custom interchange-plus pricing model for enterprise customers tailored to their specific card programs and payment volumes. Transparent pass-through of interchange costs with competitive foreign exchange rates on international payments.

Pricing tiers

Go-to-market motion2 records

Distribution channels4 records

Marketing channels5 records

Core offering

Plastiq operates a B2B payment platform that enables businesses to pay vendors by credit card even when those vendors do not accept cards, converting card payments into domestic or international wire transfers, same-day ACH transfers, or overnight checks. The platform also offers card acceptance with zero merchant fees, embedded payment APIs and widgets for third-party platforms, short-term financing, and global payments to more than 45 countries in over 20 currencies.

Product overview

Plastiq is a business payment platform offering a three-product architecture: Plastiq Pay (pay by card to vendors who don't accept cards), Plastiq Accept (receive card payments with zero merchant fees), and Plastiq Connect (embedded payments API). These core products are complemented by mobile app access, short-term financing, global payments capability, and enterprise-grade solutions with custom IC+ pricing. The platform provides ERP integrations with QuickBooks Online, Sage Intact, Oracle Netsuite, and Xero for reconciliation.

Differentiator

Problem solved

Functional benefit

Brands

• Plastiq Pay: Pay by credit card even when vendors don't accept cards directly. Sends payments as wire, same-day ACH, or overnight check.
• Plastiq Accept
• Plastiq Connect
• Plastiq for Enterprise

Products and services

• Plastiq Pay Business payment platform enabling businesses to pay vendors by credit card even when vendors don't accept card payments. Plastiq sends payments to vendors as domestic or international wire transfers, same-day ACH transfers, or overnight checks. Targets SMBs, ecommerce businesses, construction, accountants, and other verticals needing flexible vendor payments.
• Plastiq Accept Card acceptance product allowing businesses to receive payments by credit card with zero merchant fees. Includes customizable payment pages, payment monitoring, and reporting capabilities. Targets businesses that want to accept card payments without traditional processing agreements.
• Plastiq Connect Embedded payments and card processing solution offering both low-code and no-code solutions. Provides robust API for complete customization and embeddable widgets for quick integration. Targets platforms, marketplaces, banks, and issuers looking to add B2B card-based payments to their own products.
• Plastiq for Enterprise Enterprise-grade payment solution with interchange-plus (IC+) pricing, custom rates, virtual card programs, supplier enablement, and dedicated enterprise sales and support. Targets large organizations with significant accounts payable seeking to scale card-based AP programs.

Named customers3 records

Segments6 records

Ideal customer profiles5 records

Technology focussed Yes

API detail

Has API

Yes

API docs

API detail

Core technology

AI maturity

App detail

Integration5 records

Feature6 records

Partnerships

Eight partnerships are on record, tiered core.

• Silicon Valley Bank (SVB)coreOthersSVB holds F/O/B (For Benefit Of) accounts for Plastiq customer funds. Customer funds are held in accounts at SVB in SVB's name but for the benefit of Plastiq's customers. SVB acts only as treasury disbursement service provider.
• Finxera, Inc.coreOthersLicensed money service business (MSB) through which Priority holds money transmitter licenses. Licensed in multiple states for money transmission services. NMLS#1168701.
• Axos BankcoreOthersPlastiq provides money transmission services in its capacity as agent of Axos Bank of San Diego, California.
• QuickBooks OnlinecoreTechnology or IntegrationAccounting software integration for direct sync with Plastiq. Enables automated reconciliation, syncing bills, vendors, and payments to avoid duplicate entries.
• XerocoreTechnology or IntegrationAccounting software integration for direct sync with Plastiq. Enables automated reconciliation and payment tracking.
• Oracle NetSuitecoreTechnology or IntegrationAccounting ERP integration for direct sync with Plastiq. Supports automated reconciliation capabilities.
• Sage IntaactcoreTechnology or IntegrationAccounting ERP integration for direct sync with Plastiq. Supports automated reconciliation capabilities.
• Card Networks (MasterCard, Visa, Discover, JCB, Diners Club)coreTechnology or IntegrationSupported payment networks for card-based transactions through Plastiq platform. Cards issued on these networks can be used as payment methods.

Scale indicators5 records

Recent moves6 records

Expansion highlights6 records

Direct peers

• Bill.com: Bill.com is a leading B2B bill pay and AP automation platform for SMBs and mid-market, offering vendor payment by ACH, card, and check via the BILL Network. It directly competes with Plastiq Pay on SMB bill pay and with its Spend & Expense card for the same working-capital extension use case.
• Melio: Melio provides B2B payments for small businesses, letting SMBs pay vendors by ACH or credit card even when suppliers don't accept cards. Its core "pay a vendor by card" proposition and SMB target segment are essentially identical to Plastiq Pay's value proposition.
• Brex: Brex offers corporate cards, bill pay, and embedded payments for startups and mid-market companies. Its bill pay and AP automation product competes directly with Plastiq's enterprise and SMB card-based vendor payment flows.
• Ramp: Ramp combines a corporate card with bill pay, AP automation, and spend management for SMBs and mid-market. Ramp's bill pay product and card-based vendor payments compete with Plastiq Pay, particularly for finance teams consolidating payments and cards.
• Veem: Veem is a cross-border B2B payments network for SMBs, offering multi-currency payouts to vendors worldwide. It competes with Plastiq's Global Payments offering for international SMB vendor pay use cases.
• Tipalti: Tipalti is an AP automation and global mass-payouts platform for mid-market and enterprise. Its vendor payment workflows—including card-based payments via the Tipalti Pay card—compete directly with Plastiq for Enterprise.

Broad incumbents

• Stripe: Stripe is a broad payments infrastructure platform with Stripe Connect for marketplaces and platforms, Stripe Issuing for card issuance, and Stripe Treasury. Plastiq Connect overlaps with Stripe Connect in embedded payments, while Plastiq Accept overlaps with Stripe's payment gateway capabilities.
• Block (Square): Square (Block) provides SMB payments, card acceptance, banking, and bill pay via products like Square Bills and Square Banking. Its SMB card acceptance (Plastiq Accept equivalent) and bill pay capabilities make it a broad incumbent competitor.
• Adyen: Adyen is a global payment processor offering unified commerce and platform payments. Its APM enablement and embedded payments overlap with Plastiq Connect and Plastiq Accept for larger platform and enterprise customers.

Emerging players

• Modern Treasury: Modern Treasury provides payment operations infrastructure for platforms and fintechs, including money movement APIs and bank integrations. It overlaps with Plastiq Connect for developers building embedded payment flows.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat5 records

Key risks6 records

Key highlights7 records

Customer concentration

• LinkedInlinkedin.com/company/plastiq
• Xx.com/payplastiq
• Facebookfacebook.com/payplastiq

Compliance2 records

Revenue estimate

Valuation estimate

Number of profiles

Profiles10 records

Subsidiaries3 records

Funding overview

Funding rounds10 records

Investors23 records

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A1 record

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Plastiq