12-19-2022 04:18 AM
12-19-2022 06:01 AM
Hi @hafiz !
Have you seen our funding models page? This might add some additional clarity to your questions.
Hope this helps!
12-19-2022 06:23 AM
Thanks for the reply, Yes, I read those pages, Could you please elaborate this ?
"With authorizations on the Marqeta Platform, funds do need to be transferred from the program gateway funding source to the merchant."
By the above statement you mean, First Money transfer from funding source to user card, then to the business to full fill a transaction - Right?
I am looking for more like a advance/prepaying solution. If the user has already allocated funds for a particular business, and user transacts at that business, fund flow does not need to be happened at all, because user has already paid in advance. but if the user is purchasing at a business not allocated/outside our system, fund flow should happen
12-21-2022 09:04 AM
A 'business' in the Marqeta platform refers to an organization that cards are being issued to, rather than a merchant where cards are being used. There is no pre-payment of funds to a merchant, funds flow to the merchant in real time after the authorization clearing is received by Marqeta.
The allocation of funds to a particular user or business is what we refer to as 'prefunding'. It has more to do with how we top up the balance of a given user so that card transactions are covered and can be approved. If we 'prefund' a user's GPA with $50, then that user can spend up to $50.
Please let me know if I misunderstood the question or if you need any additional clarification.
12-21-2022 09:33 AM
That's an eye opener, I considered businesses as merchants. my mistake, Sorry for that
12-21-2022 10:04 AM
No need to apologize! We can add some clarification in the docs since 'business' is an ambiguous term; there are businesses (Marqeta customers, 'you'), who then have other businesses as customers ('businesses'), with users who need to pay businesses ('merchants').
12-19-2022 07:25 AM
Hi @hafiz ,
Yes, that's correct.
It sounds like you're referencing a Pre-Funded program (Standard Funding) program here. In this model, which would need to be separate from JIT, you can allocate funds to a Business or User GPA account to spend at specific merchants. Let me know if I'm understanding correctly what you are looking for.
12-19-2022 07:29 AM
But with the pre-funded program, customers can use only at merchants added to our system, right? That would be a big no, I will think about altering business logic that can support existing marqeta functionalities
12-19-2022 07:34 AM
Regardless of the prefunded nature, we will not restrict any merchants on our platform unless they are specifically exclude by your or by bank regulation.
12-20-2022 01:01 PM - edited 12-20-2022 01:53 PM
In the prefunded nature,
12-21-2022 08:58 AM
Hi @hafiz !