Plastiq is an online payment platform that provides a convenient and secure way to make payments with your credit cards and earn the rewards.
Making payments through Plastiq is as simple as any other online transaction you have made with a credit card. You can use your existing MasterCard, Visa or American Express, and there is no registration required to use the service. For more information about making payments through Plastiq, visit plastiq.com.
Plastiq assesses a nominal fee for the service — a percentage of the total amount of the payment. The fee for each card is: MasterCard 1.99%, Visa 1.99%, American Express 1.99%. For each transaction, two charges will appear on your credit card statement: 1) the principal amount of the payment, and 2) the fee.
Plastiq provides their payment platform to simplify the payment process, while providing a convenient and flexible option for students. The fee that is assessed is one that is typically paid by the merchant for accepting credit cards, and covers the costs of processing credit card transactions.
No. The fee that Plastiq assesses covers their cost of processing credit card payments and is totally independent of school fees. The school does not receive any portion of this fee.
Normal credit card processing times apply. Payments are approved instantly, and funding may take from 1-3 business days. Contact a Plastiq payment specialist if you have questions. Go to plastiq.com for more information.
Yes. We are simply adding a new option that allows you to make payments with a credit card.
For now, only tuition payments will be accepted through Plastiq. We will be adding other payment categories in the coming months.