Plastiq, the payment solutions provider for small business, has announced it has expanded the scope of its payments platform to include US cash payments, in addition to credit card payments.
The cash payments feature enhances Plastiq’s existing credit card payment offerings to provide businesses of all sizes the ability to pay in one place, using their linked bank accounts or credit and debit cards for optimised cash flow management. In addition, Plastiq announced significant growth in the second half of 2020, particularly from businesses in ecommerce and healthcare, among other sectors.
Plastiq’s cash payments feature allows users to make any payment through their linked bank accounts, connecting their financial accounts instantly. Now, customers can start making payments immediately, eliminating the hassle of writing checks, allowing businesses to make and track all of their business payments in one place, and helping them gain visibility into their total cash flow.
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 companies to manage resources across any industry supply chain.
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