Marqeta
Marqeta is a modern card issuing and payment processing platform providing the infrastructure you need to create, manage, and scale customized physical, virtual, and tokenized payment card programs.
NMI
NMI provides a full-commerce enablement platform that allows you to accept payments across online, in-store, mobile, and self-service channels through a single integrated gateway solution.
Quick Comparison
| Feature | Marqeta | NMI |
|---|---|---|
| Website | marqeta.com | nmi.com |
| Pricing Model | Custom | Custom |
| Starting Price | Custom Pricing | Custom Pricing |
| FREE Trial | ✘ No free trial | ✘ No free trial |
| Free Plan | ✘ No free plan | ✘ No free plan |
| Product Demo | ✓ Request demo here | ✓ Request demo here |
| Deployment | ||
| Integrations | ||
| Target Users | ||
| Target Industries | ||
| Customer Count | 0 | 0 |
| Founded Year | 2010 | 2003 |
| Headquarters | Oakland, USA | Schaumburg, USA |
Overview
Marqeta
Marqeta provides the modern infrastructure you need to build and launch sophisticated card programs without the legacy constraints of traditional banks. You can issue physical, virtual, and tokenized cards instantly, giving you total control over how payments are authorized and processed. The platform is designed for developers, offering open APIs that allow you to integrate payment capabilities directly into your own applications and workflows.
You can solve complex payment challenges like on-demand delivery, expense management, and digital banking with ease. By using their Just-in-Time (JIT) Gateway Funding, you can participate in the authorization process in real-time to approve or decline transactions based on your own business logic. This flexibility helps you reduce fraud, manage liquidity, and create unique commerce experiences for your customers.
NMI
NMI is a versatile commerce enablement platform designed to help you manage payments across every channel your business operates in. Whether you are selling products online, running a brick-and-mortar store, or managing unattended kiosks, you can unify all your transaction data into one central interface. This eliminates the headache of jumping between different providers and gives you a clear, holistic view of your revenue streams and customer behavior.
You can white-label the entire platform to maintain your own branding, making it a favorite for ISOs, ISVs, and payment professionals who want to offer a sophisticated gateway under their own name. The software handles the heavy lifting of PCI compliance and security, allowing you to focus on scaling your operations. With support for over 200 processor connections, you have the flexibility to route transactions wherever they need to go without being locked into a single financial institution.
Overview
Marqeta Features
- Just-in-Time Funding Control your cash flow by funding transactions in real-time at the exact moment of purchase to minimize idle balances.
- Instant Virtual Issuance Generate and deploy virtual cards immediately so your users can start spending through digital wallets without waiting for mail.
- Dynamic Spend Controls Set granular rules for where, when, and how much can be spent to prevent fraud and ensure policy compliance.
- Tokenization Services Provision cards securely into Apple Pay and Google Pay to provide your customers with a modern mobile payment experience.
- Webhooks & Real-time Data Receive instant notifications for every transaction event so you can trigger automated workflows and keep your records synced.
- Physical Card Customization Design and ship branded physical cards with custom materials and features to strengthen your brand identity with users.
NMI Features
- Omnichannel Processing. Accept payments seamlessly across web, mobile, in-store, and self-service environments using a single, unified integration.
- White-Labeling. Apply your own branding to the gateway interface and merchant portal to provide a consistent experience for your clients.
- Advanced Routing. Route transactions to different processors based on specific criteria to optimize your processing costs and success rates.
- Customer Vault. Store sensitive payment data securely in a PCI-compliant vault so you can process recurring billing and one-click checkouts.
- Automatic Card Suite. Keep your recurring revenue flowing by automatically updating expired or replaced credit card information without contacting your customers.
- Fraud Protection. Set custom rules and filters to identify suspicious activity and block fraudulent transactions before they impact your bottom line.
- Electronic Invoicing. Send professional invoices directly to your customers via email and let them pay instantly through a secure web link.
- Contactless Payments. Enable your physical locations to accept Apple Pay, Google Pay, and EMV chip cards for faster, more secure in-person checkouts.
Pricing Comparison
Marqeta Pricing
NMI Pricing
Pros & Cons
Marqeta
Pros
- Highly flexible API documentation for rapid development
- Real-time transaction data provides excellent visibility
- Superior control over authorization logic via JIT funding
- Scales reliably for high-volume enterprise payment programs
Cons
- Significant technical expertise required for initial setup
- Complex compliance and regulatory hurdles to navigate
- Pricing is not transparent for smaller startups
NMI
Pros
- Extensive library of over 200 processor integrations
- Highly customizable white-label options for branding
- Reliable uptime and fast transaction processing speeds
- Excellent developer documentation and API flexibility
- Robust reporting tools for multi-channel sales
Cons
- Interface can feel dated compared to newer competitors
- Pricing is not transparent on the website
- Setup process can be complex for beginners