With EXPENSE from Marqeta, you can create virtual, physical, or tokenized payment cards with dynamic spend controls unique to the needs of small, medium, and large businesses.
Configure controls to limit spending by individual, team, budget, time, merchant, or merchant category. Create plastic or virtual cards on demand for specific events, employees, or purchases. Get real-time visibility and data on employee spend.
The Marqeta Platform includes a Flexible Spend Controls feature to enable programs that can restrict spending by merchant, merchant category (for example: hotel, clothing, restaurant, etc.), dollar amounts, time, number of uses, type of currency and several other criteria.
The Marqeta Platform includes an API that supports both virtual and physical cards. Virtual cards are immediately available (complete with card numbers) and can be converted to physical cards. Physical cards are designed by you, produced to your specifications (EMV contact, EMV contactless, or magnetic stripe), and are mailed directly to the cardholder.
The ability to gather and put to work actual user data is enabled through the use of webhooks to push data to your API, giving you the power to perform rapid analytics and accelerate product iteration. It includes a full suite of real-time event notifications and enables triggered customer communications based on actual customer behavior.