Payment Solutions

Point-of-sale financing

Grow your merchant relationships quickly and enable borrowers to pay for purchases within minutes of approval.

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The problem

For POS lenders, merchant onboarding and scaling poses significant challenges. It’s time-consuming to cultivate technology relationships and complete integrations. Lenders are looking for faster and easier ways to onboard new merchants, and more flexible ways to provide their customers a better user experience.

The solution

Lending solutions based on modern virtual cards work seamlessly with customers’ mobile wallets and merchants’ POS systems to fund purchases in real time.

Real world: POS financing 

Shoppers apply for and receive financing at checkout

POS lender app

 

Application submitted

Your customer applies for a loan to make an on-the-spot purchase.

Notification received

Marqeta webhooks allow real-time notifications upon transaction completion.

Marqeta platform

 

Card issued

A prefunded virtual card is issued for that specific purchase.

Spend evaluated

Managed or gateway spend controls can be customized for the exact merchant and the start/end date of the installment loan to minimize fraud.

Funds released

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

Retail store

 

Card presented

The store runs the virtual 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.

Application submitted

Your customer applies for a loan to make an on-the-spot purchase.

Card issued

A prefunded virtual card is issued for that specific purchase.

Card presented

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

Auth requested

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

Spend evaluated

Managed or gateway spend controls can be customized for the exact merchant and the start/end date of the installment loan to minimize fraud.

Funds released

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

Transaction completed

Authorization is successful and the payment is confirmed.

Notification received

Marqeta webhooks allow real-time notifications upon transaction completion.

“Afterpay looked at the field of providers out there and really liked Marqeta from a technology reputation and its ability to deliver innovation. We focus on how we use Marqeta’s capabilities to speed up access into merchants. We connect directly to most of our merchants. Through Marqeta, Afterpay will be able to more easily integrate into those merchants.”

Kareem Al-Bassam
CPO

Key benefits for point-of-sale financing

Instant issuance of virtual cards

Fund a prepaid virtual card for the exact amount and pay within seconds of the borrower’s approval, in-store or online.

Machine-to-machine transactions

Start payment cycles without the need to integrate beforehand with a merchant’s POS system wherever Visa/Mastercard is accepted.

Dynamic spend controls

Limit transaction approvals to a specific merchant or time using controls such as a date or a start and end time.

JIT (Just-in-Time) Funding

Ensure that funds are spent for a one-time transaction or an installment payment of an approved loan.

Inject metadata into each transaction record

Streamline the reconciliation of transaction records with the lender’s general ledger (GL) and loan management system (LMS).

Data insights

Get insights into customer spend and offer targeted funding options and grow loyalty.

Platform overview

An API-first technology platform that will shape the future of your payments

​Solutions overview

Modern card issuing that is powering innovative payment experiences across industries

Developer portal

Start building your card program

  • Developer guides

    Discover key concepts of the Marqeta platform with hands on tutorials

  • Data insights

    View filterable, curated production data and personalized insights

  • Core API

    Issue cards, fund accounts, manage payments, and more

  • API explorer

    Explore our endpoints, make API requests, and quickly prototype your product

About us

We are on a mission to empower the world’s innovators