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Coming Soon - Card Issuance is currently in development and will be available in Q2 2026. This documentation provides an overview of the upcoming features.

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What is Card Issuance?

Venly’s Card Issuance product enables you to issue white-label Mastercard debit cards directly linked to USDC wallets. Your users can spend their cryptocurrency holdings anywhere Mastercard is accepted, while you capture interchange revenue on every transaction.

Virtual Cards

Instant issuance for online and mobile payments

Physical Cards

Branded plastic cards for in-person transactions

USDC Integration

Direct spending from stablecoin wallets

Interchange Revenue

Earn revenue on every card transaction

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Key Features

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💳 White-Label Card Program

Issue cards under your own brand with full customization:
  • Custom Card Design: Your logo, colors, and branding
  • Branded Cardholder Experience: Custom mobile app integration
  • Your Business Name: Cards issued in your company name
  • Direct Program Management: Full control over card operations

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🔗 USDC Wallet Integration

Seamless connection to Venly Finance wallets:
  • Real-Time Balance: Cards linked directly to USDC wallet balances
  • Instant Settlements: Transactions settle immediately from wallet
  • Multi-Currency Support: Automatic conversion at point of sale
  • Unified Treasury: Single view of wallet and card balances

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💰 Interchange Revenue Model

Capture interchange fees on every card transaction:
  • Typical Interchange: 1.5% - 2.5% per transaction
  • Monthly Revenue: Estimated $18,450/mo on €1M card spend
  • Transparent Reporting: Real-time interchange tracking
  • Direct Settlement: Revenue paid directly to your account

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🌍 Global Acceptance

Mastercard network coverage:
  • 200+ Countries: Accepted worldwide
  • 40M+ Merchants: Online and offline acceptance
  • ATM Withdrawals: Cash access at Mastercard ATMs
  • Contactless Payments: NFC-enabled for tap-to-pay

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How It Works

1

1. Program Setup

Partner with Venly to establish your card program
  • Complete Mastercard program application
  • Configure card design and branding
  • Set up compliance and KYC requirements
  • Define spending limits and controls
2

2. Cardholder Onboarding

Your users complete KYC and request cards
  • User completes identity verification
  • Links USDC wallet to card program
  • Selects virtual or physical card
  • Card issued instantly (virtual) or shipped (physical)
3

3. Card Activation

Cardholders activate and start spending
  • Virtual cards: Active immediately
  • Physical cards: Activate upon receipt
  • Set PIN for ATM and chip transactions
  • Configure spending limits and controls
4

4. Transaction Processing

Real-time authorization and settlement
1. Cardholder makes purchase
2. Merchant requests authorization
3. Venly checks USDC wallet balance
4. Transaction approved/declined
5. USDC converted to fiat at POS
6. Settlement to merchant
7. Interchange fee captured
5

5. Revenue Capture

Earn interchange on every transaction
  • Interchange fees calculated automatically
  • Revenue tracked in real-time dashboard
  • Monthly settlement to your account
  • Detailed reporting and analytics

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Card Types

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Virtual Cards

Instant Issuance for Digital Payments
  • Instant Activation: Available immediately upon approval
  • Online Shopping: Use for e-commerce and subscriptions
  • Mobile Wallets: Add to Apple Pay, Google Pay
  • Secure Transactions: 3D Secure authentication
  • No Physical Shipping: Zero delivery time or cost
Ideal For:
  • Online marketplaces
  • Subscription services
  • Digital-first businesses
  • Quick user onboarding

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Physical Cards

Branded Plastic Cards for In-Person Use
  • Custom Design: Your logo and branding
  • Contactless Enabled: NFC tap-to-pay
  • Chip & PIN: EMV chip security
  • Magnetic Stripe: Legacy terminal support
  • ATM Access: Cash withdrawals worldwide
Ideal For:
  • Retail spending
  • Travel and hospitality
  • Cash access needs
  • Premium user experience

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Use Cases

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🎮 Gaming & iGaming Platforms

Enable players to spend winnings instantly:
  • Issue cards to verified players
  • Link to player wallet balances
  • Instant access to winnings
  • Capture interchange on player spending
Revenue Potential: €1M monthly card spend = ~€18,450 interchange revenue

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💱 Crypto Exchanges & Trading Platforms

Let traders spend crypto holdings:
  • Convert crypto to spendable cards
  • Real-time balance updates
  • Multi-currency wallet support
  • Seamless fiat off-ramp

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🏦 Neobanks & Fintechs

Complete banking experience:
  • Accounts + Wallets + Cards in one platform
  • Unified customer experience
  • Additional revenue stream
  • Competitive differentiation

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💼 Corporate Expense Management

Issue cards for business spending:
  • Employee expense cards
  • Department budget controls
  • Real-time spend tracking
  • Automated reconciliation

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Interchange Revenue Model

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How Interchange Works

Every card transaction generates interchange fees paid by merchants: 
Transaction: $100 purchase
Interchange Rate: 1.8%
Interchange Fee: $1.80

Your Revenue: $1.80 per transaction

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Revenue Calculator

Monthly Card Spend: €1,000,000
MetricValue
Average Interchange Rate1.85%
Monthly Interchange Revenue€18,500
Annual Interchange Revenue€222,000
Cost per Card (monthly)€2.50
Net Revenue per 1000 Cards€16,000/mo
Actual interchange rates vary by merchant category, card type, and transaction type. Typical range: 1.5% - 2.5%

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Card Controls & Security

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Spending Limits

Flexible controls for risk management:
  • Per-Transaction Limits: Maximum single transaction amount
  • Daily Limits: Total daily spending cap
  • Monthly Limits: Monthly spending budget
  • ATM Withdrawal Limits: Cash withdrawal restrictions
  • Merchant Category Restrictions: Block specific merchant types

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Security Features

Multi-layer security protection:
  • 3D Secure: Additional authentication for online purchases
  • Real-Time Fraud Detection: AI-powered transaction monitoring
  • Instant Card Freeze: Users can freeze cards instantly
  • Biometric Authentication: Fingerprint/Face ID for mobile
  • Tokenization: Secure token-based transactions

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Compliance

Built-in regulatory compliance:
  • KYC/AML: Automated identity verification
  • Transaction Monitoring: Real-time suspicious activity detection
  • Sanctions Screening: Automatic sanctions list checking
  • Regulatory Reporting: Automated compliance reports
  • PCI DSS Compliant: Secure card data handling

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Integration Overview

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API Endpoints (Coming Soon)

# Issue a new card
POST /v1/cards
{
  "cardholderAccountId": "account-id",
  "cardType": "VIRTUAL",
  "walletId": "usdc-wallet-id",
  "spendingLimits": {
    "daily": 1000,
    "monthly": 10000
  }
}

# Get card details
GET /v1/cards/{cardId}

# Freeze/Unfreeze card
POST /v1/cards/{cardId}/freeze
POST /v1/cards/{cardId}/unfreeze

# List transactions
GET /v1/cards/{cardId}/transactions

# Get interchange revenue
GET /v1/cards/interchange-revenue

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Webhook Events

Real-time notifications for card events:
  • card.issued - New card created
  • card.activated - Card activated by user
  • card.frozen - Card frozen
  • transaction.authorized - Transaction approved
  • transaction.declined - Transaction declined
  • transaction.settled - Transaction completed
  • interchange.earned - Interchange revenue captured

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Pricing

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Card Issuance Fees

ItemCost
Virtual Card Issuance€1.00 per card
Physical Card Issuance€5.00 per card
Card Replacement€5.00 per card
Monthly Card Fee€2.50 per active card
ATM Withdrawal€2.00 per withdrawal

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Interchange Revenue Share

Your Monthly Card VolumeYour Interchange Share
€0 - €500K70%
€500K - €2M75%
€2M - €10M80%
€10M+85%
Volume Discounts: Higher card volumes unlock better revenue share rates and lower per-card fees.

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Mastercard Program Manager

Venly is a Mastercard Program Manager, providing: ✅ Direct Issuance Capability: Issue cards without intermediaries
✅ Program Management: Full control over card operations
✅ Compliance Support: Regulatory guidance and support
✅ Technical Integration: Complete API and webhook infrastructure
✅ Settlement Services: Direct settlement to your accounts

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Roadmap

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Q2 2026 - Initial Launch

  • Virtual card issuance
  • USDC wallet integration
  • Basic spending controls
  • Interchange revenue tracking
  • API and webhooks

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Q3 2026 - Enhanced Features

  • Physical card issuance
  • Multi-currency support (EURC, USDT)
  • Advanced fraud detection
  • Mobile SDK for card management
  • Enhanced reporting and analytics

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Q4 2026 - Enterprise Features

  • Corporate card programs
  • Multi-level approval workflows
  • Advanced spending controls
  • Custom card designs
  • White-label mobile app

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Getting Started

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Prerequisites

To participate in the Card Issuance program, you’ll need: ✅ Active Venly Finance Account: Verified company account
✅ Mastercard Program Approval: Complete program application
✅ Compliance Requirements: KYC/AML procedures in place
✅ Minimum Volume: €500K+ monthly expected card spend
✅ Technical Integration: API integration capability

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Early Access Program

Join the Waitlist

Register your interest for early access to Card IssuanceBenefits:
  • Priority onboarding when available
  • Discounted launch pricing
  • Dedicated integration support
  • Beta testing opportunity
Contact: cardissuance@venly.io

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Comparison: Card Issuance vs Traditional PSPs

FeatureTraditional PSPsVenly Card Issuance
Setup Time6-12 months2-4 weeks
Integration ComplexityHigh (multiple vendors)Simple (one API)
Interchange Revenue0-30% share70-85% share
Crypto IntegrationLimited/NoneNative USDC support
Monthly Fees€5-10 per card€2.50 per card
Settlement TimeT+2 to T+5Real-time
White-LabelLimited customizationFull branding control

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Frequently Asked Questions

At launch, cards will be linked to USDC wallets on Base blockchain. Support for EURC and USDT is planned for Q3 2026.
Virtual cards are issued instantly upon approval. Physical cards are produced and shipped within 5-7 business days.
Default limits are €1,000 per transaction, €5,000 daily, and €20,000 monthly. You can configure custom limits per cardholder.
Interchange is calculated as a percentage of each transaction (typically 1.5-2.5%) and varies by merchant category. You receive 70-85% of the interchange fee based on your volume tier.
Cardholders must complete KYC verification. Your company must have AML procedures and transaction monitoring in place. Venly provides compliance tools and support.
Yes, physical cards can be fully customized with your logo, colors, and branding. Virtual cards display your branding in mobile wallets.
Transactions are declined in real-time if the USDC wallet balance is insufficient. Users receive instant notifications to add funds.
Yes, cardholders can withdraw cash at any Mastercard-enabled ATM worldwide. Standard ATM fees apply (€2.00 per withdrawal).

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Next Steps

Join Waitlist

Register for early access

Finance API

Explore wallet integration

Contact Sales

Discuss your card program

Pricing Calculator

Estimate your revenue

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Support

Questions about Card Issuance?