FAQs
Learn more about the Versatile platform and their credit optimization solutions.
Versatile Apply
Versatile Apply
Facilitate and drive consumer applications and approval rates using a full spectrum of lenders and solutions, including Versatile Credit Cascade and prequalification.
Fastest path to a “yes”
Quickly connect shoppers with the right financing without multiple applications or complicated steps that can lead to drop-offs.
Seamless experience
Customers can access a full range of financing options through a single, unified application.
Options for every shopper
From prime to near-prime and no-credit-needed, every customer has a financing solution that fits their current needs.
Streamlined process
Reduces complexity by easily connecting customers to more options, with less effort from staff.
Merchants. Lenders. Consumers.
Everyone wins.
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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, online and beyond. Includes tablets, kiosks, mobile devices, and more. -
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 redirected unaccommodated requests to the next lender, maximizing fulfilled applications.
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 Launcher 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
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
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.