Payment Solutions

Crypto cards

We enable you to bring your crypto payment solutions to the mainstream with customized debit and credit cards.

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Modern card issuing allows consumers to earn and spend crypto without having to change their spending habits

Earn crypto

Provide crypto rewards on debit and credit card purchases leveraging real-time transaction data.

Spend crypto

Allow users to spend their crypto balance by converting to fiat currency at the time the card is swiped.

Leverage crypto

Dynamically adjust fiat credit card limit based on user’s crypto balance, powered by Deserve.

46 million U.S. consumers said they would likely use cryptocurrencies to make retail purchases.

Cryptocurrency Payments Report, PYMNTS.COM

64% of consumers are interested in non-traditional rewards.

Data from Marqeta’s 2021 State of Credit report surveyed 3.5k consumers across the U.S., U.K., and Australia.

(The report surveyed 3.5k consumers across the three countries)

14% of U.S. consumers are estimated to own crypto* and more than 26% of current crypto owners first acquired crypto in the last year.**

* Gemini, 2021 State of Crypto
**PYMNTS, Cryptocurrency Payments Report

Traditional payment rails make it difficult to put cryptocurrency to use

Standard rewards structures

Traditional debit and credit cards only  allow for standard points or cash-back earnings.

High-friction user experience

Today, customers using traditional debit and credit cards must sell their cryptocurrency in exchange for fiat and transfer funds to their bank accounts.

Time-consuming

Transferring funds to an external bank account can take days, which delays a user’s ability to spend crypto earnings.

Tools to create crypo rewards programs

Real-time transaction data and webhooks can power customizable crypto rewards programs.

Seamless spending

Users can spend as they normally would via a linked card, removing the need for transfers.

Funds released in real time

Funds in a crypto wallet can be accessed and converted to fiat in real time when the card is swiped.

Marqeta’s modern card issuing platform enables innovators to bring crypto payment solutions to the mainstream via customized debit and credit cards

The problem

Traditional debit and credit cards only  allow for standard points or cash-back earnings.

Today, customers must sell their cryptocurrency in exchange for fiat and transfer funds to their bank accounts.

Transferring funds to an external bank account can take days, which delays ability to spend crypto earnings.

The solution

Real-time transaction data and webhooks can power customizable crypto rewards programs

Users can spend as they normally would via a linked card, removing the need for transfers.

Access to additional money movement

Additional banking services such as direct deposit and ATM capability can be added to the card to bring crypto further into mainstream financial services.

With the Coinbase Card powered by Marqeta, customers can choose which cryptocurrency from their Coinbase wallet they would like to use at the time of purchase.

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Customer profile

9yrs

Operating

+68M

Verified users

$462B

Quarterly volume traded

160k

Ecosystem partners

Reported by Coinbase, June 30, 2021

With Marqeta’s technology, Coinbase has innovated to help users monetize their cryptocurrency holdings with:

Just-in-Time (JIT) Funding™

Enabling transactions to be made from cryptocurrencies to dollars in real time.
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Webhooks and transaction data

Notifying cardholders in real time when they earn a crypto reward.  
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Modern card issuing

Offering physical and virtual cards for Coinbase cardholders.
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“Coinbase set out to make spending cryptocurrency as seamless as sending an email. With Marqeta’s flexible APIs, we’ve been able to create a customizable debit card that simplifies how cryptocurrency holders can make purchases. Its Gateway JIT Funding feature allows us to easily oversee transaction approvals and fund cryptocurrencies at the prevailing dollar price in real time, ensuring our customers always have fast access to their money.”

Muneeb Imtiaz
Product Manager, Coinbase

How Marqeta enables crypto spending

Crypto app

Customer opens an account

The customer completes an online application process and begins to invest in crypto and other digital currencies.

Transaction approved

Crypto app approves transaction based on customer’s crypto balance. Crypto app sells crypto to fund transaction in fiat currency.

Notification received

Marqeta webhooks allow real-time notifications sent to customer upon transaction completion.

Marqeta platform

Card issued

Marqeta issues a card enabling the cardholder to start spending their crypto earnings immediately.

Gateway JIT call sent

Marqeta sends gateway Just-in-Time (JIT) Funding call for crypto app to authorize transaction.

Funds released

Just-in-Time (JIT) Funding releases fiat funds to the card on approval and in real-time to complete the transaction.

Retailer

Card presented

The store processes the card just as they would any other Visa or Mastercard.

Auth requested

Marqeta’s platform is contacted by the appropriate network for authorization.

Transaction completed

Authorization is successful and the payment is confirmed.