Instant issuance of virtual cards
Create agility and support use cases with an on-demand business model. Two examples are offering an installment loan to a borrower at the point of sale or onboarding a gig worker. Virtual cards can be used wherever Visa and Mastercard are accepted.
Issue multiple virtual cards at once
Support use cases where a single order is tied to multiple payments. For example, to drop ship across multiple fulfillment partners, e-commerce merchants can automatically create multiple virtual cards to fulfill each order.
Flexible single or multi-use cards
A single-use card is used once for a particular transaction and then revoked to reduce fraud. This is particularly useful for disbursements such as the payout of claims and warranties, as well as on-demand delivery use cases. Multi-use cards allow for moving an active card from one user to another, or using the same card for multiple payments. For example, you can associate each of your suppliers with a separate virtual card on file.
“What’s great about the virtual cards that we use through Marqeta is we control all the spending configurations on that card. We control how much that card can be used for; we control how many times that card can be used. With Marqeta and the virtual cards that we leverage, fraud is close to zero. I’ve never had a fraudulent situation for our customers.”
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