Get paid in full, upfront
Receive your funds in full, within 48 hours, on every transaction.
AVVANCE POS LENDING
Turn “Maybe someday” into “Yes, today!”
U.S. Bank Avvance™ is a point-of-sale lending solution that enables merchants to give their customers the option to finance purchases from $300 to $25,000 quickly and easily, all embedded in a seamless payment process.
Why Avvance?
You work hard to attract and serve your customers. When customers walk away from a purchase, it impacts your business. Make flexible financing the next step in your business plans, so you and your customers can start saying “yes” to more.
- Offering financing solutions can turn those sales opportunities into sales wins today.
- Presenting your customers with the option to be pre-approved for financing with no impact to their credit score until they complete their purchase can help them shop with confidence.
- Offering a lending option at the point-of-sale gives your customers the power to quickly choose and accept financing options in real time.
How Avvance fits with your business
Avvance is a first-of-its-kind integrated financing solution with loans issued by U.S. Bank, offering the service and security you expect from a financial solution provider.
Avvance offers a POS lending experience that fits businesses with typical transaction sizes between $300 and $25,000, making it ideal for home improvement, elective healthcare merchants and more.
Talk to us about adding Avvance as a payment option and enabling your customized consumer pre-approval link to start generating new sales opportunities today.
Customers expect convenience
62%
of consumers favor fixed monthly payment plans
1 in 5
consider Buy Now, Pay Later financing for purchases $1,000 and higher
76%
expect a seamless point-of-sale experience
Add value to platforms
Software Integration Benefits
Seamlessly integrate our lending platform with your existing software solution.
Scale Your Business
The modular set of APIs allows you to use Avvance as a standalone plug-and-play solution, a fully embedded custom integration or something in between.
Partner with a Trusted Brand
Garner brand recognition and credibility with U.S. Bank so you can trust that your customers are in good hands.
24/7 support
Leverage existing U.S. Bank support operations known for exceptional service and point-of-sale solutions.
White paper
The Business of Buy Now, Pay Later and Point-of-Sale Lending
Frequently asked questions
Businesses can view performance metrics, and access marketing and training materials via the Avvance Dashboard. Log-in to Payments Insider or Converge, and navigate to MyAvvance in the main menu to start tracking your results.
Customers with questions about an individual Avvance installment loan, please visit usbank.com/avvance-installment-loans for more information.
Avvance is a payment method that seamlessly embeds into a business's payment process, providing their customers flexible options at the point of sale.
After enrolling in Avvance, a business simply sends their customer an invoice. The customer will receive a link to a quick application process that provides them with a real-time credit decision.
Once the application is approved and the customer selects a loan option, the sale is completed and the business is paid the full transaction amount within the next 48 hours.
The benefits of businesses using Avvance is that they get paid in full, upfront.
We pay businesses the full transaction amount within 48 hours and collect monthly payments directly from customers. We give customers buying power to make more purchases for new and repeat business.
The business pays a fee for each customer loan. There are no subscription fees. We don't charge monthly fees and enrolling is free.
Avvance empowers customers to pay in a way that compliments their individual financial position, giving them the flexibility to say “yes” to life’s purchases.
Avvance installment loans offer customers simple, flexible and transparent payment options from a trusted partner – U.S. Bank. Consumer installment loan financing terms via U.S. Bank range from 0%-24.99% APR (Annual Percentage Rate) with repayment plans from 3-60 months for transactions between $300 to $25,000.1
The application is quick and easy, with real-time approvals, all from the customer's personal device
Over time, Avvance will be available to customers through a variety of invoicing and point of sale platforms. Today, Avvance is offered to customers through Converge. Soon, it will be available through other payment platforms, as well as via custom e-commerce integrations.
Avvance is available to businesses that have an existing processing relationship or are approved to offer Avvance through a new processing relationship. If you are interested in offering Avvance to your customers or would like more information, get started by filling out this form.
There are no reoccurring fees and no cost to enroll. An MDR fee (Merchant Discount Rate) is applied to each Avvance loan that is processed and will be displayed on your regular monthly statement.
More detailed pricing available for review in our enrollment page. You can review pricing prior to signing up.
After completing the short online enrollment form, you will have access to the Avvance Merchant Portal, and will be able to initiate an Avvance transaction through Converge Invoicing and Converge Virtual Terminal.
Yes, the Avvance Merchant Portal contains a marketing library that contains pre-approved marketing materials. This includes flyers, videos, as well as banners and ad tiles that can be used on your website or in your e-mails.
Ready to get started?
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