Use Case
Build Embedded Finance Products
Card issuing, programmable ledger, identity verification, payment processing, and global payouts. MAGNETPAY gives you the building blocks to embed financial services directly into your platform -- without a banking license.
Infrastructure
Composable Financial Building Blocks
Each component works independently or together. Combine card issuing with the ledger for expense management. Use KYC with payments for a neobank. Mix and match to build exactly the financial product you need.
Card Issuing
Issue virtual and physical Visa/Mastercard cards to your users. Fund cards from platform balances, set spending controls, and manage the full card lifecycle through a single API. Multi-provider architecture across 4 BIN sponsors ensures availability and global coverage.
- Virtual cards issued in seconds
- Physical card fulfillment
- Spending controls and limits
- Real-time transaction webhooks
- Multi-provider for redundancy
- Crypto-to-card funding
Programmable Ledger
A double-entry ledger that tracks every financial movement across your platform. Hold multi-currency balances, process internal transfers, and maintain a complete audit trail. The foundation for wallets, escrow, marketplace splits, and credit products.
- Double-entry accounting
- Multi-currency balances
- Internal transfers
- Full audit trail
- Escrow and holds
- Real-time balance queries
KYC and KYB Verification
Integrated identity verification for individuals (KYC) and businesses (KYB). Document verification, liveness checks, sanctions screening, and PEP matching. Automate onboarding workflows and stay compliant across jurisdictions.
- Document verification (ID, passport)
- Liveness detection
- Sanctions and PEP screening
- Business entity verification
- Beneficial owner checks
- Automated approval workflows
Payment Processing
Accept payments via cards, bank transfers, UPI, and cryptocurrency. Multi-provider routing ensures the highest approval rates. Support subscriptions, one-time charges, payment links, and checkout sessions -- all through a unified API.
- Cards (Visa, MC, Amex)
- Bank transfers (ACH, SEPA)
- Cryptocurrency (8 chains)
- Subscription billing
- Checkout sessions
- Multi-provider routing
Payouts and Disbursements
Pay out to your users, merchants, or vendors globally. Support bank transfers (SWIFT, SEPA, ACH), local rails, and cryptocurrency payouts. Batch processing for scale, individual payouts for immediacy. Multi-currency support eliminates intermediate conversions.
- SWIFT global transfers
- SEPA instant (Europe)
- ACH (United States)
- Crypto payouts (8 chains)
- Batch processing
- Scheduled payouts
Multi-Tenant Architecture
Build platforms where each of your customers has their own isolated environment. Separate API keys, balances, webhook configurations, and compliance settings per tenant. Perfect for marketplaces, SaaS platforms, and white-label payment products.
- Tenant isolation
- Per-tenant API keys
- Separate balance pools
- Independent webhook configs
- Tenant-level compliance
- White-label ready
Examples
What You Can Build
Neobank / Digital Wallet
Build a complete digital banking experience. Issue cards, hold multi-currency balances, process payments, and manage KYC -- all through MAGNETPAY APIs. Launch a neobank product without a banking license.
Marketplace with Seller Payouts
Accept buyer payments, split funds between your platform and sellers, and pay out to sellers globally. Escrow funds until delivery confirmation, then release via bank transfer or crypto.
Expense Management Platform
Issue virtual cards to employees with spending controls. Real-time transaction notifications, receipt matching, and automated expense categorization. Fund cards from company balances.
Crypto On/Off Ramp
Enable users to buy crypto with cards or bank transfers, and sell crypto back to fiat. KYC verification, multi-chain support, and fiat payout rails all in one integration.
Getting Started
From Sandbox to Production
Create Sandbox
Sign up for a free sandbox account. Get API keys instantly. Full feature parity with production for testing.
Build & Integrate
Use our REST API to integrate card issuing, payments, KYC, ledger, and payouts. Test with simulated data.
Compliance Review
Submit your integration for review. Our compliance team verifies your use case and regulatory requirements.
Go Live
Switch from sandbox to production keys. Start processing real transactions with real money movement.
Developer Experience
Unified API, Composable Products
curl -X POST https://api.magnetpay.org/v1/cards \
-H "Authorization: Bearer sk_live_..." \
-H "Content-Type: application/json" \
-d '{
"cardholder_id": "ch_abc123",
"type": "virtual",
"currency": "USD",
"spending_limits": {
"per_transaction": 50000,
"daily": 200000,
"monthly": 1000000
},
"metadata": {
"department": "engineering",
"cost_center": "R&D"
}
}'Issue virtual cards in seconds. Set spending limits, receive real-time transaction webhooks, and manage the full card lifecycle through the API. Full API reference →
FAQ
Frequently Asked Questions
What is embedded finance, and how does MAGNETPAY enable it?
Embedded finance means integrating financial services (payments, cards, lending, banking) directly into your non-financial product. Instead of redirecting users to a bank, you offer financial features natively. MAGNETPAY provides the APIs and infrastructure: card issuing, ledger, KYC, payment processing, and payouts. You build the user experience; we handle the financial plumbing.
Do I need a banking license to use MAGNETPAY embedded finance APIs?
No. MAGNETPAY operates through licensed partners for regulated activities like card issuing and money movement. You integrate our APIs under our licensing umbrella. However, depending on your jurisdiction and use case, you may need specific registrations (e.g., MSB in the US, EMI in Europe). We provide guidance on regulatory requirements during onboarding.
How does the multi-tenant architecture work for platforms?
Each of your customers (tenants) gets an isolated environment within MAGNETPAY. They have separate API keys, balance pools, webhook configurations, and compliance settings. You manage tenants through a platform-level API. This means a marketplace can onboard sellers, a SaaS platform can offer embedded payments to its customers, or a white-label product can serve multiple brands -- all from one integration.
Can I combine multiple MAGNETPAY products in a single integration?
Absolutely. MAGNETPAY is designed as a composable platform. You can use card issuing with the ledger for expense management, combine payment processing with payouts for a marketplace, or use KYC with card issuing for a neobank product. All products share the same API authentication, webhook system, and dashboard. There is no additional integration overhead for adding products.
What does the onboarding process look like for embedded finance?
Start with a free sandbox account that has full feature parity with production. Build and test your integration with simulated data, test cards, and mock KYC flows. When ready, apply for production access through our dashboard. Approval typically takes 3-5 business days, which includes compliance review and integration verification. Our solutions engineering team is available throughout the process.
Build Your Financial Product Today
Free sandbox with full feature parity. Issue test cards, process simulated payments, run mock KYC flows. No credit card required.