It’s easier than ever to get the cash you need to build your business. Clover Capital helps you by turning your future credit and debit card sales into working capital. Imagine what that could mean for your business? You can upgrade or purchase new equipment, renovate, open a new location, hire new employees, purchase inventory and much more.

Program FAQs
  • Simply sign the Clover Capital contract which states that you agree to have a small, agreed upon percentage of your daily credit and debit card sales retained to pay back your advance.
  • A small, fixed percentage of your daily debit and credit card sales are withheld during your standard settlement process with First Data each day.
  • For example, if you agree to pay back 10% of the advance daily, each day First Data will retain 10% of your sales. Therefore, if you made $1,000 in credit and debit card sales on Monday, that evening, when you settle, First Data will retain $100 and $900 will be deposited into your account, paying back the advance 10% at a time.

Once all documentation is received, clients can be approved in as little as 1-2 business days and receive funds within 2 days of approval.

  • Signed application
  • Six most recent merchant processing statements
  • Two most recent bank statements.   All pages are required.
  • Copy of province issued driver’s license or valid Canadian passport

Once all documentation is received, clients can be approved in as little as 1-2 business days and receive funds within 2 days of approval.

The advance can be used to help grow your business such as upgrading or purchasing new equipment, renovating, opening a new location, hiring new employees, purchasing inventory and much more. Anything you may wish.

Payments are taken directly and daily from your daily MasterCard®, and Visa® credit card or Interac® debit card deposits. The daily withhold percentage is based on your credit card volume, (typically ranging between 8% to 15%).

Yes, credit card processing must go through an approved First Data merchant account.

Call the First Data Customer Service Team at 1-877-257-2094.​