cashcarrot is a web application that is designed to monetize word of mouth advertising. Users have the ability to upload images (specifically screenshots that show that they have in some way promoted a business: perhaps a screenshot from their Facebook or Twitter feed or from their Yelp review or maybe from one of their texts or emails) from their PC or mobile device and “tag” a registered business. Businesses have the ability to review the screenshots and then specify an amount from $1 (or more) that they want to pay to the user for the positive messaging.
cashcarrot has two different types of accounts: Personal & Business. A Personal account is for someone who wants to make money promoting a business by uploading images with positive messaging. A Business account is for someone who wants to promote his or her business by paying for positive messaging. A Personal account does not allow a user the ability to promote his or her business by paying for positive messaging. A Business account does not allow a user to get paid for promoting a business by uploading images with positive messaging. Note: once a user signs up for cashcarrot, their account type is fixed and cannot be changed. If a user finds that they have signed up for the wrong type of account, they may simply delete their account and sign up again for the correct type of account. If a user wishes to have both a Personal and Business account they may sign up for each account separately (they may use the same email address for both accounts if desired but they will have separate usernames for each account). Users can edit their account information and “Profile Picture” in both a Personal and Business account when they are signed in by clicking on the “profile” tab (this is also where the user will find the “delete account” button and where a user can edit their PayPal or credit card information). When a user signs up for a Personal or Business account, they create a username denoted by a ^, which is their unique identifier.
In a Personal account a user can upload an image (screenshot) that promotes a business from their PC or mobile device. They can then search for a business by name or username to “tag” that business. A Personal account allows a user the ability to see all of their uploaded images. A Personal account indicates with a green money symbol which images the user has been paid for, by whom, and for how much. The account balance shown in a Personal account is the total amount of money owed to the user at any given time. A “Send to PayPal” button allows the user to withdraw funds by sending them directly to their PayPal account.
A Business account allows a business the ability to see all images (screenshots) that the business has been “tagged” in. The business can see who uploaded the image and has the ability to click on the image to enlarge it. In the enlarged view, the business can select a dollar amount from $1 (or more) to send directly to the user who uploaded the image. Note: a business is not obligated to reward a screenshot. A Business account indicates with a green money symbol which images the business has paid for, to whom, and for how much. In the enlarged view of the image, there will be an “Enter Credit Card Details” button for the business to connect their credit card to their account if they have not done so already.
A user with a Personal account will need to connect their account to their PayPal account in order to withdraw funds. Note: a user with a Personal account can still accumulate funds in their account balance without connecting to their PayPal account, however they must connect to their PayPal account in order to withdraw funds. Businesses will pay using their credit card. When a business specifies an amount that they will pay for a screenshot, the money is debited from the businesses’ credit card account and credited to cashcarrot’s bank account. When a user with a Personal account “cashes out”, the money that has accumulated in their account is then paid to their PayPal account via transfer from cashcarrot’s bank account. cashcarrot will retain a percentage portion of the amount paid in addition to the merchant transaction fee (2.9% + $0.30 + $0.25).