The agreement grants Marqeta a continuous right to set off any amounts Customer owes Marqeta against amounts Marqeta owes Customer, including funds held in the Custodial Account, until Customer's liability is fully satisfied. This right operates in addition to all other contractual and legal remedies available to Marqeta.
This analysis describes what Marqeta's agreement states, permits, or reserves. It does not constitute a legal determination about enforceability. Regulatory applicability and practical outcomes may vary by jurisdiction, enforcement context, and individual circumstances. Read our methodology
This provision authorizes Marqeta to apply funds from Customer's Custodial Account against outstanding Customer liabilities on a continuous basis without requiring a separate triggering event or court order. For card programs with active transaction volumes, the Custodial Account may contain operational funds required for cardholder settlements, and the set-off right could affect Customer's ability to maintain required minimum balances.
Under this clause, Marqeta holds a continuous contractual right to reduce or eliminate Customer's Custodial Account balance to satisfy amounts Customer owes Marqeta. Customer must submit written requests for the return of Custodial Account funds and is not authorized to initiate withdrawals directly.
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Compare across platforms →"In addition to any other remedies available to Marqeta or Issuer at law or under the Agreement and to the extent permitted by Applicable Law, Marqeta may, as a continuous right, set off any amounts owed to it against any outstanding amounts owed to Customer until Customer's liability owed to Marqeta is fully paid.Excerpt from Marqeta's Terms of Use
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This provision authorizes Marqeta to apply funds from Customer's Custodial Account against outstanding Customer liabilities on a continuous basis without requiring a separate triggering event or court order. For card programs with active transaction volumes, the Custodial Account may contain operational funds required for cardholder settlements, and the set-off right could affect Customer's ability to maintain required minimum balances.
Under this clause, Marqeta holds a continuous contractual right to reduce or eliminate Customer's Custodial Account balance to satisfy amounts Customer owes Marqeta. Customer must submit written requests for the return of Custodial Account funds and is not authorized to initiate withdrawals directly.
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