Promotional offer is available with establishment of a new payment processing account by new or existing U.S. Bank customers, not currently using Elavon as their merchant processing services provider. Offer may not be combined with any other Merchant Services promotions or incentives. To qualify you must:
- Open, and be approved for, a new U.S. Bank Payment Solutions Merchant Account (MID) by March 31, 2025.
- Keep the approved account in an open status and be actively accepting and settling card payments at the time the statement credit is issued.
The monthly statement credit will appear in the Fees/Charges Category of the merchant statement in the fourth month following account opening, not to exceed the $1,000 credit maximum. The promotional credits are based on total account fees and charges billed during the initial three (3) months following new account opening, excluding equipment, chargebacks, and adjustments for each respective month.
For example, a new merchant account opened and approved on January 14, 2025, will immediately begin qualifying for credits on eligible monthly account fees and charges billed. The cumulative credit for the three (3) months following approval will appear on the May 2025 merchant statement.
In addition to the $1,000 cap, the statement credit amount cannot exceed total eligible monthly fees and charges actually billed and collected. Such statement credit may be adjusted to solely offset the eligible monthly account statement fees and charges billed and collected. U.S. Bank and/or Elavon, a U.S. Bank subsidiary, reserve the right, in their sole discretion, to modify, suspend or terminate the promotion at any time. Restrictions may apply. Business Essentials merchant accounts are not eligible for this promotional offer.