Question 1

What is Velocity?

Accepted Answer

Velocity is a card issuing, BaaS, and neo banking platform for growing businesses. We enable companies to launch commercial card programs, virtual cards, ACH solutions, and embedded finance products with transparent pricing starting at $7,000 setup and no asset minimums required.

Question 2

How much does Velocity cost?

Accepted Answer

Velocity charges a one-time setup fee of $7,000 (optional $3,000 for API integration) and monthly program fees starting at $4,500 for bank-branded programs, $5,500 for hybrid-branded, and $6,000 for white label programs. There are no asset minimums required to qualify.

Question 3

What card programs does Velocity offer?

Accepted Answer

Velocity offers bank-branded, hybrid-branded, and white label commercial card programs. We also provide virtual cards, physical card programs, corporate card management, gift card programs, and prepaid card issuing for businesses across all 50 US states.

Question 4

What is the minimum asset requirement for Velocity?

Accepted Answer

Velocity has zero asset minimum requirements. Unlike enterprise card issuing platforms that require millions in reserve assets, Velocity is accessible to growing businesses of any size.

Question 5

What industries does Velocity serve?

Accepted Answer

Velocity serves restaurants, trucking companies, construction firms, retail businesses, staffing agencies, fintech startups, public schools, universities, government agencies, and partner organizations across all 50 US states.

Question 6

What is BaaS and does Velocity offer it?

Accepted Answer

Banking as a Service (BaaS) allows businesses to offer financial products without becoming a bank. Velocity's BaaS platform enables fintechs, brands, and platforms to launch card programs, ACH payments, and embedded finance products through a single API-first platform.

Question 7

How does Velocity compare to Galileo, Marqeta, and Unit?

Accepted Answer

Velocity has the lowest setup cost in the industry at $7,000 compared to Galileo ($25,000), Unit ($12,000), and Marqeta (custom pricing). Velocity also has no asset minimums, published transparent pricing, and monthly fees starting at $4,500 — significantly lower than competitors charging $10,000-$30,000 per month.

Question 8

Is Velocity PCI compliant?

Accepted Answer

Yes. Velocity's card issuing infrastructure is PCI Level 1 certified and SOC II compliant — the highest security standards in the payments industry.

Velocity — Card Issuing, BaaS & Neo Banking

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