Promotional offer is available with establishment of a new payment processing account for new and existing U.S. Bank customers not currently using Elavon for merchant processing services. Offer may not be combined with any other Merchant offers. To qualify you must:
- Open a new U.S. Bank Payment Solutions Merchant Account (MID) by January 15.
- Keep the account in an open status and be actively accepting and settling card payments at the time monthly statement credits are issued.
The monthly statement credits will appear in the Fees/Charges Category of the merchant statement beginning the following month after account opening and ending after 3 full statement cycles, or when the $1,000 credit maximum statement credit has been reached, whichever comes first. The credits are based on total account fees and charges, excluding equipment, chargebacks, and adjustments for each respective month.
For example, a new merchant account opened on October 14, 2024, will immediately begin accruing credits on eligible fees and charges for a statement credit starting in November 2024. The final credit will appear on the January 2025 merchant statement. Monthly credits scale with your total eligible transaction amounts (e.g., $200 in eligible fees and charges collected nets a $200 statement credit), up to $1,000 maximum.
Monthly statement credits cannot exceed total eligible monthly fees and charges; therefore, such statement credits may be adjusted down to bring those monthly account statement fees and charges total to zero. U.S. Bank and/or Elavon, a U.S. Bank company, reserve the right, in its sole discretion, to modify, suspend or terminate the promotion at any time. Restrictions may apply.