Frequently Asked Questions


What is the Interest Rate for Cash Advance?


There are no interest rates but rather factor rates with cash advances.  It's a fixed cost solely based on what you are using the funds for such as inventory, equipment, etc.


The program is unsecured (NO deposit, NO collateral and NO personal guarantee required) and pricing is driven by your business' risk profile.


It averages about $70/day ACH from your credit card processing sales for X amount of months per $10,000 Cash Advance.


What if I am already charging a fee to customers for Credit Card Processing?

That's great, but you are only minimizing your costs beacuse you have to pay additional taxes on the extra income from manually charging a fee.  With us, we eliminate your cost since we line item the fee separate from your daily deposits so it is not considered taxable income.


Key Points


1.  Passing on the cost:  This ability for us to pass on the proper cost is essential to the success of the program.   Legally you can pass on the cost if you have a discount for cash option.  This can be in the form of other payment options like ACH or Paypal etc online and obviously cash in store. 

2. Understanding the software:  We developed a proprietary software that makes this all possible.  What is special about the software is that it calculates the correct % the customers credit card clears at and bills accordingly.  There are many factors that contribute to this rate but we are able to do this and pass it on at the point of sale very accurately.  Its a very complex software calculating hundreds of interchange rates.  This is what makes our software unique.

3. Savings:  You will save up to almost 100% of your current credit card fee's and AVOID paying tax on additional income if you were to try and bill the customer yourself with a convenience fee.

EG: If you are charging your customers a flat rate of say 3% yourself you are paying a huge amount of tax on all this additional income at the end of the year.   By us passing this on to the customer at the point of sale, it does not appear as income to your business.  Therefore, if you pass the cost on yourself,  your net savings would be approximately 60% versus 99% savings with C Mart Technologies.


We also save you the cost of employee hours to manually enter the fee and avoid any human errors key entering the fee because our PROPRIETARY API automatically calculates the fee.


For example, it may be between 2.45% - 9.67% depending on:

1)  The type of card being presented (i.e. Rewards, Commercial, Signature Check, etc.)

2)  The way it is being transacted (i.e. Swipe or Key Entered)

3)  The amount of the transaction



This program was validated by Visa/MasterCard on January 27, 2013 and is applicable to all types of retail businesses as well those who would like to accept card payments via traditional terminals, mobile devices or eCommerce. 


What if I'm using Square for my business? 

So, currently you're paying 2.75% + $0.25 per swipe.  With us, it costs you nothing to process as many cards as you'd like and we'll give you a FREE mobile card reader or even a FREE tablet.



Is it really FREE credit card processing?

Yes, for example, if you're paying $300/month in processing fees, that is how much we save you.



I'm still not sure about the FREE processing?

We understand.  Please keep in mind that with our "Risk Free Policy", if for any reason our FREE processing doesn't work out for you, we will just flip a switch on our end and put you back on traditional processing.  We'll just match your previous rates or lower them if we can.


We can also install an ATM at your establishment where you make anywhere from $0.50 to $10 per transaction when your customers withdraw cash from it.



Is FREE processing legal?

Yes, the Supreme Court recently ruled that it is a First Amendment right for merchants to disclose a cash discount program or pass on a fee to consumers paying with credit cards.  


This program has been available in the U.S. since January 27, 2013.  


You may find out more about it on Visa's and MasterCard's web sites.


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