Do you need virtual cards to enable smoother e-commerce transactions, to support corporate payables and expenses, or for making secure payments at scale? Marqeta offers the only modern open-API platform for issuing and managing virtual card programs.
Track your payments end-to-end by assigning a one-time virtual card to each transaction. Set custom expiration attributes, get webhooks for real-time notifications, and configure powerful controls. The next generation of virtual cards is here.
Affirm chose Marqeta's VIRTUAL solution to pay merchants up front on behalf of consumers right at checkout. Because of the Marqeta platform’s advanced controls, Affirm can restrict funds by merchant, dollar amount, and time. They can use the virtual card solution to automate merchant payments without any human interaction, as well as present virtual cards to consumers that can be used at any merchant.
“Affirm’s mission is to build innovative products that people love and Marqeta’s unique technology provides us the platform and services to help make that possible.”
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 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 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.