Payment Solutions

Buy Now, Pay Later financing

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

The Problem

For Buy Now, Pay Later 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: Buy Now, Pay Later 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.

Marqeta platform

Card issued

A prefunded virtual card is issued for that specific purchase.

Retail store

Card presented

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

Marqeta platform

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.

Retail store

Auth requested

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

POS lender app

Notification received

Marqeta webhooks allow real-time notifications upon transaction completion.

Marqeta platform

Funds released

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

Retail store

Transaction completed

Authorization is successful and the payment is confirmed.

POS lender app

Application submitted

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

Marqeta platform

Card issued

A prefunded virtual card is issued for that specific purchase.

Retail store

Card presented

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

Marqeta platform

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.

Retail store

Auth requested

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

POS lender app

Notification received

Marqeta webhooks allow real-time notifications upon transaction completion.

Marqeta platform

Funds released

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

Retail store

Transaction completed

Authorization is successful and the payment is confirmed.

“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.”