Marqeta
Marqeta
Marqeta is a NASDAQ-listed card issuing and BaaS platform used by fintechs and large platforms such as DoorDash, Klarna, Square and Affirm to issue tailored cards via API. It stands out for real-time JIT funding, 99.996% uptime and official multi-language SDKs. It is a B2B service, not accessible to end consumers.
Data & conditions
§ Amounts in USD/GBP are shown in the service's native currency.
| Service type | Card issuing / BaaS |
|---|---|
| Pricing model | Interchange share |
| Spread | 50–200 bps |
| Card networks | Visa, Mastercard |
| Card types | virtual, physical, debit, credit, prepaid |
| Fiat rails | ACH, Wire |
| Stablecoins | USDC |
| Customer type | Fintech, Enterprise, Platforms |
| Certifications | SOC2-T2, PCI-DSS-L1 |
| SDK | Node, Python, Java, .NET |
| Processed volume | $84B |
| Currencies | USD, EUR, GBP |
| Fund custody | Self-custody (funds in your control) |
| KYC | Full |
| Supported countries | US, EEA, UK, APAC · 150+ countries |
| Regulator | FCA (UK); CFPB / state regulators (US); EU local regulators |
| OAM Italy registration | No |
| Segment | B2B |
| Funding / solidity | NASDAQ-listed (MQ) · clients: DoorDash, Klarna, Block/Square, Affirm |
| MiCA / License status | FCA FCA + global licensing |
Strengths
- Card issuing via API with real-time JIT funding
- 99.996% uptime and top-tier enterprise clients
- Official multi-language SDKs (Node, Python, Java, .NET)
- Self-custody: funds stay in your wallet — the platform cannot touch them.
Weaknesses
- B2B service: not accessible to end consumers
- Interchange revenue-sharing pricing (0.5–2%/tx)
- Requires technical integration and sufficient volume
- Full KYC required: verified identity, zero pseudonymity.
- Subject to regulation (FCA + global licensing): reporting to authorities and freezes on order.
Verdict
Tier S is justified by the platform's maturity: NASDAQ-listed, FCA plus global licenses, 99.996% uptime and enterprise clients such as DoorDash, Klarna, Square and Affirm, plus availability in Italy. It is the category's peak of infrastructural reliability; the only real limit for protection is that it stays a B2B service inaccessible to end consumers, priced as interchange revenue-share (0.5–2%/tx).
The enterprise scale and global licenses that lift the protection score are worth nothing through this lens: Marqeta is a fully regulated platform with full KYC and intermediated custody, built for companies. No self-custody, no on-chain privacy, no censorship resistance: crypto-native value is almost absent.
Promp's editorial rating based on real fees and net annual cost. Promp reviews third-party products independently.
"Sovereignty" rating: score computed on privacy/anonymity (30%), fund control (20%), censorship resistance (20%), trustless/auditability (20%) and costs (10%). Same data, different weights.
FAQ
Can an individual use Marqeta?
No: it is a B2B card-issuing platform for companies and fintechs, not a consumer product.
How does Marqeta pricing work?
It is based on interchange revenue sharing, typically between 0.5% and 2% per transaction.
Sources
- Official service page Plans & pricing · Regulatory framework · Pricing model · Compliance · +6 Data verified on Jun 14, 2026
- investors.marqeta.com Data verified on Jul 16, 2026
- downloads.ctfassets.net Licenses · Third-party audit Data verified on Jun 14, 2026
- ibsintelligence.com License type · License country Data verified on Jun 14, 2026
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