'In our model, everyone wins': Plastiq users can use cards at businesses that don't accept them

Welcome to the Tearsheet Podcast. I’m Tearsheet editor in chief, Zack Miller. Eliot Buchanan dreamed up the idea of Plastiq seven years ago as an undergrad. A Canadian in the U.S., he got frustrated by how hard it was to transact paying for his tuition. His firm Plastiq enables individuals and businesses to pay for virtually any expense with a credit card — even if a merchant doesn’t take cards. Since then, the firm has serviced over 1 million consumers and businesses and processed as of last year. Buchanan joins us today on the Tearsheet Podcast. He has big ideas for the firm and we talk about the pain points of making a large transaction and how Plastiq addresses them. We talk about other products in the pipeline and where the firm is headed in the future. Eliot Buchanan is my guest on the Tearsheet Podcast.