FAQs
Frequently Asked Questions
Get quick answers on how GoTyme brings flexible, accessible capital to your merchants — no collateral, no hassle.
For partners
1 What is GoTyme’s Merchant Cash Advance (MCA)?
GoTyme’s Merchant Cash Advance (MCA) is a flexible financing solution designed to help our partners’ merchants access working capital quickly and grow their business without the complexities of traditional loan applications.
2 How do we determine who is eligible to get financing?
To be eligible, a merchant must be active on your platform. From there, GoTyme Hong Kong uses the merchant’s transaction history, sales performance, and tenure on your platform to determine eligibility and offer amounts.
3 I’m interested in partnering with GoTyme Hong Kong to offer merchant lending. How can we get started?
If you or your company has a platform with a strong merchant ecosystem, you might just be our next partner! We’ll work together to design and develop a financing product that fits your merchants and supports your platform’s growth.
When you’re ready, reach us at hello@gotyme.com.hk for an exploratory call. We’ll be happy to meet you!
For regulators & compliance
4 Can Annual Percentage Rate (APR) be calculated for MCA?
No. Because of fixed repayments and fixed terms, APR can be calculated for traditional loans. But MCA is unique. GoTyme MCA adopts a more unique financing structure, where both the repayment amount and repayment period vary with sales performance. Therefore, APR cannot be calculated for GoTyme MCA. Learn more about how APR works. →
For merchants
5 How can merchants benefit from MCA?
Merchants can use the funds for typical business needs such as purchasing inventory, marketing campaigns, expanding branches or kitchens, upgrading equipment, or covering operational expenses. The goal is to help them grow on our partners’ platforms, translating into stronger and more active merchants.
6 Do merchants need collateral or provide income proof?
No. MCA is designed to be simple and accessible for growing businesses of all sizes. Furthermore, once a merchant’s application is approved, fund disbursement takes as soon as 2 business days.
7 How does repayment work?
Repayments are calculated based on a fixed percentage of the merchant’s daily sales on the partner’s platform, and are settled during each settlement cycle. This ensures repayment adjust with merchant’s sales performance. No pressure, no hassle.