FAQs
Learn more about the Versatile platform and their credit optimization solutions.
Merchants
Optimized credit strategies that drive sales
Versatile empowers retail partners with integrated financing solutions and the ability to identify unique opportunities within financing programs to drive approvals and sales.
Maximize the potential of
every customer interaction
Simplify complex omnichannel financing options with streamlined experiences that align across all sales channels, in-store and online.
Complement your unique sales processes with financing solutions more easily, without adding complexity or disrupting the customer journey.
Ensure that every presented financing option is standard and compliant.
Activate, onboard, and optimize Versatile solutions with dedicated training and support.
Over 35 lender integrations
Versatile Apply
Facilitate and drive consumer applications and approval rates using a full spectrum of lenders and solutions, including Versatile Credit Cascade and prequalification.
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Allow more consumer choice
Match consumers to lending products that work for them, cascading to multiple lenders through a single application. -
Drive more applications with pre-approvals
Provide a transparent, non-intrusive customer experience with pre-qualified offers without a hard credit check. -
Offer financing opportunities everywhere
Extend the same comprehensive financing opportunities wherever a decision is made, from in-store to online. -
Apply on any device
Versatile empowers merchants and customers with dynamic lending flows that work with their existing technology and devices. -
Configure lender availability
Lender availability can be configured to geography, portfolio split, price point, and product. -
Strategically distribute lender portfolios
Portfolio splits enable merchants to distribute their portfolio and allocate specific percentages per lender. -
Optimize requested amounts
Match customers with financing plans suited to the scale of their purchase and financing needs. -
Enable seamless accommodations
Automatically redirect missed requests by a set percentage to the next lender, maximizing fulfilled accommodations.
Dedicated kiosks
Set up branded and customizable kiosks within your store to provide customers with an easy and secure application experience.
Store-owned tablets and other devices
Enable customers to access applications through store-owned tablets, PC’s, or any device equipped with a web browser.
Consumer mobile
Quickly launch consumer applications, delivering secure applications to customers’ mobile devices.
Text-to-apply
Easily send application links to customers during the POS checkout process using the Versatile Portal or API.
QR code
Seamlessly present secure digital QR codes for the customer to scan using Versatile’s patented QR code technology through point of sales devices and digital signage.
Frictionless
Scan and apply for credit using your mobile phoneʼs camera.
In-store decisioning
Dynamic QR codes provide guarantee of in-store presence — no need for location services.
Deployment options
Physical signs and embeddable digital signs available.
Patented technology
US Patent #11,089,031
Streamlined process
Simplifies the commercial application process by providing easy-to-understand instructions.
Easy document upload
Applicants can easily scan and upload Proof of Business Entity and other important documents.
Persistent accounts
Applicants can leave and resume the application process wherever they left off, without starting from scratch.
User-friendly design
Easy-to-use, mobile-friendly interface simplifies a traditionally complex application process.
Ecommerce integrations
Leverage plug-and-play integrations for seamless setup, or simple, easy-to-use apply links for online prequalification.
Custom deployments
Versatile SDK helps to integrate application and checkout into merchant websites.
Expansive functionality
Additional SDK & API functionality include:
- Customer lookup
- Payments calculator
- Authorization and funding
- Cancels and returns
Versatile Transact
Supports merchants with the full range of payment options: authorization, funding, refunds, contracting, and more.
Payment processing
One-stop shop for payment processing — authorize, fund, void, and refund.
Loans and contracts
Create and activate loans. Manage stipulation workflows and lender communications.
Comprehensive features
Generate receipts, look-up accounts, query open-to-buys, and find transactions.
Access controls
Roles-based access to features. Location-based access to data.
Versatile Analyze
Harness deep insights from a single screen, including real-time data and analytics to measure, evaluate, and optimize financing programs.
Versatile Insight TM
Comprehensively measure your
financing program with proprietary, real-time analytics.
Easy customization
Point-and-click setup and configuration.
Slice-and-dice
Over 40 different metrics and 20 different facets.
Roll-up and drill-down
Analyze from a corporate birds-eye view all the way down to the store.
Versatile Integrate
Seamlessly integrate your existing technology, systems, and processes into your consumer financing hub.
Integration into your unique business systems and processes
Save time, eliminate errors, and drive efficiencies with Versatile technology integration into your merchants’ unique business systems and processes.
Powerful APIs and SDKs
Versatile APIs and SDKs simplify common integrations from CRM to POS, ecommerce, and business intelligence systems.
Fully turnkey, and fully ready
Versatile out-of-the-box integrations means merchants are ready-to-go on platforms including ecommerce, retail POS systems, and STORIS.
Plug-and-play customization
Let us build integration modules for your custom platforms, including homegrown ERP and POS systems.
Streamline the back office
Optimized
operational efficiency
Streamlined processes make financing workflows less time-consuming, increasing merchant and customer satisfaction.
Less system and
process fragmentation
Unify complex, multi-lender systems into a single, streamlined portal, enabling staff to manage financing workflows consistently and confidently.
Compliance
assurance
Ensure that transactions follow a standardized, compliant process to protect merchants from regulatory risks, inconsistencies, and fraud.
Unified
merchant insights
Versatile Transact collects data from all lenders to provide a comprehensive, cross-lender view of the entire customer financing journey across all channels.
One API connects to all lenders
One integration connects them all with the Versatile Credit private label payment API.
Learn More
3rd party integrations
Versatile easily integrates with your existing technology stack — including ERP, point-of-sale, CRM, ecommerce, document signing, and more — to enhance efficiency and streamline operations.
An optimized credit strategy helps merchants give their customers a faster, more accurate idea of their purchasing power at the moment they intend to buy. By utilizing technology, data, and analytics, optimized credit strategies reduce friction in the consumer financing journey, offer greater choice, and ultimately create a better customer purchasing experience, which drives higher loyalty, increases ticket sales, and ultimately improves the merchant’s bottom line.
Versatile is transforming merchant credit strategy by giving merchants deeper insights into their customers, their verticals, and their sales teams, that together can drive deeper relationships with their customers for higher growth and sales.
Versatile’s strong market position in strategic verticals empowers lenders to achieve a first-mover advantage in product verticals and meet market demand, faster: Verticals include Furniture, Retail/Automotive, Elective medical, and Home improvement. Emerging verticals including OEM, buying groups, commercial businesses, and more.
Versatile partners with lenders to help increase their customer base and drive sales and growth. The Versatile platform seamlessly integrates on the front and back end with lenders and merchants, giving lenders access to new customers, creating opportunities for lender cross-selling of other embedded financing services, and supporting lender business strategies for less capital investment.
Versatile integrates easily with BNPL, lease-to-own, revolving credit, installment plans, and more via APIs so merchants can offer the latest financing options to customers from one convenient screen, creating less friction and a better customer experience.