FAQs
Learn more about the Versatile platform and their credit optimization solutions.
Versatile Transact
Versatile Transact
Supports merchants with the full range of payment options:
authorization, funding, refunds, contracting, and more.
One screen.
Easier transactions.
The Versatile finance portal helps merchants streamline credit applications and improve the customer experience.
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.
Application management made easy
Empower your team to guide every shopper through the financing journey easily, efficiently, and confidently.
Multiple launch options
Offer convenient ways for shoppers to start applications via text, email, or QR code.
Application status visibility
Stay informed with real-time tracking of applications, from start to funding, for clear visibility into the customer journey.
Effortless application lookup
Quickly access existing shopper accounts to expedite approvals and provide returning customers with a seamless experience.
Streamlined processing & funding
Efficiently finalize transactions and secure funding from multiple lenders within the same platform. Easily manage adjustments and process refunds.
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.
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.