Avvance is a new point of sale lending solution that allows customers to finance their purchases quickly and easily. We offer seamless installment loan options at checkout - matched to individual financial needs.
Businesses can seamlessly manage the payments, so they can concentrate on what's important – growing their business.
A first-of-its-kind financing product, built on the strength and stability of U.S. Bank.
- 24/7 support for businesses and their customers.
- Extensive integration options and resources for software partners.
- Industry insights from a trusted financial services institution.
We're helping our customers reach their goals.
U.S. Bank Avvance® is a tailored point-of-sale lending solution that gives consumers financial flexibility by offering installment loans at checkout. Avvance provides quick, seamless loan options matched to each individual customer.
We’re dedicated to helping businesses stay one step ahead by enhancing their existing checkout experience. We also believe in empowering customers to pay in a way that complements their individual financial position – giving them the flexibility to say “yes” to life’s meaningful purchases.
Avvance is backed by the strength and stability of Elavon and U.S. Bank - a subsidiary of U.S. Bancorp, the fifth-largest commercial bank in the United States headquartered in Minneapolis.
Business owners need to investigate whether this product has value for their business. Would your customers buy more and spend more if you offer point-of-sale lending options? We know the answer, empirically, is YES.
Rob Seidman | Head of U.S. Bank Avvance / POS Lending
Finance is always evolving.
Whether you’re curious about point-of-sale lending, or want to see our products in action, we have resources to keep you in the know.
How-To: Customer paying with U.S. Bank Avvance
U.S. Bank announces consumer installment loan offering
The Business of BNPL and POS Lending
From an institution that businesses and customers trust.
U.S. Bank Avvance is built on the strength and stability of U.S. Bank – a subsidiary of U.S. Bancorp and the fifth-largest commercial bank in the United States.
Frequently asked questions
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 complements 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 - $25,000.
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 e-commerce integrations.
If you're 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. A 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 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.
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 usbank.com/avvance-installment-loans for more information.