US Visa commercial cardholders will be able to use Plastiq as of this week.
Plastiq can now be used to pay vendors even if they don’t have a credit card.
The company aims to give businesses more control over their own finances.
Using Plastiq also means more rewards and a greater threshold of capital.
What does this mean?
Commercial cards (such as Visa’s offering) make financing easier to access for businesses – thanks to this collaboration they can now use these to pay for supplies and logistics.