April 20, 2021
Product update

Announcing the Plastiq and Ramp partnership: Lower fees for all your corporate costs


Plastiq, an intelligent payments platform, and Ramp, America's fastest-growing corporate card, are collaborating to help businesses pay virtually for almost any kind of corporate cost with the Ramp card.

With this partnership, customers will be able to charge large expenses on their Ramp card and leverage Plastiq to instantly pay suppliers via ACH transfer, wire, or check. Additionally, customers can track, manage, and control every dollar of their company's spend in a single place, including larger expenses that don't normally fit on a credit card like rent, advertising, and supplier costs.

Today, we’re excited to announce that Plastiq and Ramp are upgrading their joint offer. Businesses using Ramp will now benefit from exclusive rates for transactions processed by Plastiq to be a discounted 2.5% Plastiq fee, and 1.5% cashback on every transaction with Ramp. Moreover, new customers get an introductory Plastiq fee of 2.0%, for up to $200,000 in Plastiq spend through May 31st, 2021.  

"Our partnership with Plastiq makes our product more powerful because customers can now benefit from a truly comprehensive view of spending — both on vendors that accept card payments, and now with Plastiq, those that only take ACH or check. No more connecting the dots between different systems, it all just works." - Eric Glyman, Co-founder & CEO, Ramp

With this new offer, both companies are excited to allow businesses to scale quickly, access credit at a discounted rate, and spend intelligently. In addition to the discounted rate, businesses will also unlock up to $175,000 in partner rewards from Ramp with unlimited 1.5% cashback on every transaction.

“We're looking forward to working with Ramp to provide their high-growth clients with seamless, reliable access to more working capital. This allows them to maintain their high growth without having to ration inventory supply purchases or advertising spend based on a limited supply of immediately available cash." - Sameer Gulati, President & COO of Plastiq

Learn more about Ramp’s partnership with Plastiq  

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Streamline approvals.
Review requests, pre-approve expenses, and issue general expense cards in a few clicks – or directly in Slack. Delegate approvals and empower your team leads to spend on the things they need and control their team’s expenses.
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Issue instant cards.
Unlimited virtual and physical cards with built-in spend limits, instantly available for everyone in your team. Define spend rules and let your smart cards enforce your policies automatically. No more surprises or under-the-radar spending.
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See spend as it happens.
Stop waiting on monthly statements or manual spreadsheets. Find, browse, and download real-time transactions from any employee, department, or merchant – on any device.
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Close your books 5x faster.
An accounting experience by finance teams, built for speed and efficiency. Automate manual processes and start enjoying instant reconciliation – Ramp does all the heavy lifting.
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Trim wasteful spend.
Ramp analyses every transaction and identifies hundreds of actionable ways your company can cut expenses and alerts your team via email, SMS, or Slack. It’s like having a second finance team, laser-focused on cutting costs.
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Consolidate reimbursements.
Ramp makes it easy to reimburse your employees for any incidental out-of-pocket expenses. Review, approve, and pay employees back for anything that didn’t make it onto a card with the rest of your Ramp transactions.
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