Square Shifts Business Credit Cards to Marqeta Platform to Speed Credit Innovation

Square has consolidated its business credit card and debit programs onto a single platform powered by Marqeta. This move is designed to accelerate how quickly Square can launch new financing features for small business owners. By moving its credit card operations to the same platform that already handles its debit and prepaid services, Square is removing technical friction. For the everyday retailer or merchant, this means Square is positioning itself to offer more flexible, integrated credit options that respond faster to market changes. Historically, business credit cards have been slow to evolve compared to consumer fintech products. This migration changes that dynamic for Square users. You should expect to see new credit tools, potentially better rewards structures, and tighter integration between your business spending and your Square sales data. The goal is to provide a more seamless flow of capital so you can manage inventory and payroll without jumping between multiple banking apps. As Square streamlines its back-end technology, the speed at which you receive credit limit increases or new financing offers will likely improve.

Source: PYMNTS

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