Almost Free Processing

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WELCOME TO
About

By using the power of the Joshua Mechanism, the Almost Free Processing Program will allow merchants to accept electronic payments at a reduced price, if not completely fee free. By using the concept as prescribed, merchants can leverage their processing dollars in a way that will not only eliminate their processing fees, but create a catalyst to move consumers back to their business through deeply discounted incentives.

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CONTACT US

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HOW THE SYSTEM WORKS

STEP 1

Merchant completes an electronic payment transaction

STEP 2

Merchant’s terminal transmits transaction to the virtual gift certificate system (VGC)


STEP 3

Virtual gift certificates created in an amount proportional to the merchant’s processing fees

STEP 4

Customer purchases VGC and Merchant receives rebate from customer’s payment equal to their original processing costs


STEP 5

Customer receives VGC value onto their consumer card or by printable certificate

STEP 6

Customer presents gift certificates to Merchants


STEP 7

Merchant validates Gift Certificate or swipes consumer card to process transaction

STEP 8

Customer receives the product or services paid for with the Gift Certificate

STEP 9

Merchant will process an additional transaction for any remaining amount owed by customer and the process begins again

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A WORKING EXAMPLE

Mouse over the images to better understand the process

Explaination

Explaination

Each transaction tells our system to create a virtual gift certificate at double the value. We sell it in the marketplace at a discount, collect the “cash payment”, redeem it for the customer and repay the processing fees to the merchant

Joe's Pizza

Joe's Pizza

Joe’s Pizza processes $1,000.00 per day in credit card transactions, incurring an average of 3{dfe3ac2b86fa8a39fe28b6c3b9ffb1f30c415b80b73478820673e06f6017bb75} of the amount in actual processing fees to receive his money, (approx $30.00 per day)

Daily Process

Daily Process

Upon each daily settlement, his credit card terminal will tell our system to create double the amount, (or $60.00) worth of virtual gift certificates

Market Gift Certificates

Market Gift Certificates

We then market and sell Joe’s Pizza’s gift certificate to consumers everywhere at 40{dfe3ac2b86fa8a39fe28b6c3b9ffb1f30c415b80b73478820673e06f6017bb75} off the actual value, or for $36.00, (remember, Joe’s Pizza only has $30.00 in processing charges

Joe's Rebate

Joe's Rebate

We then rebate Joe’s Pizza $30.00, (from the $36.00 sale of the certificate), and Joe’s Pizza now has their processing fee back, and a customer in tow

Redeem Certificates

Redeem Certificates

He now simply redeems the certificate for the customer, and nothing more