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.
AVVANCE POS FINANCING
Big purchases made smaller.
U.S. Bank Avvance® is a point-of-sale financing solution that lets businesses offer fast, on-the-spot financing for customers to make larger purchases more affordable.
Why U.S. Bank 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 U.S. Bank 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 financing 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.
A new way to grow your business, hassle-free
Get paid in full, upfront
Receive your funds in full, within 48 hours, on every transaction.
Win more sales, more often
Give your customers the confidence to buy now.
Increase transaction sizes
Financing makes important purchases possible.
Stand apart from the competition
Attract more customers with short- and long-term payment plans and competitive rates.
Customers expect convenience
62% of consumers favor fixed monthly payment plans
20% of consumers consider POS financing for purchases $1,000 and higher
76% expect a seamless point-of-sale experience
White paper
The Business of Buy Now, Pay Later and Point-of-sale Lending
Frequently asked questions
Businesses can send invoices and payment requests, view performance metrics, and find the latest marketing and training materials in the Avvance Merchant Portal .
Customers with questions about an individual Avvance installment loan, please visit Avvance Installment loans page 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 benefit 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.
Today, Avvance is offered as a standalone service through our dedicated web app, through integrated business software platforms, and through Converge for existing Elavon customers. Soon, it will be available through other payment platforms, as well as via custom ecommerce 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 is available for review on our enrollment page. You can review pricing prior to signing up.
After enrolling, you'll get access to the Avvance Merchant Portal, where you'll be able to initiate invoices and payment requests to your customers so they can apply for Avvance. If you enrolled through an integrated software platform or gateway, it can take up to 24 hours for Avvance to become available.
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.
Let’s connect.
Find the U.S. Bank branch nearest you.
Schedule a virtual or in-person meeting with a business banker.
Fill in details about your banking needs and a representative will call you.
Call 800-432-9413 to talk with a representative right away.
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