Why barter in business?
Business owners love bartering because it saves them cash; moves excess stock or idle inventory and fills up their downtime or spare capacity. Chances are you have conducted a one-to-one barter deal in the past and the outcome was win-win.
However, while these traditional barter deals can be effective, they lack flexibility, which limits how often they may occur. The challenge with a direct one-on-one barter is you might want something that one business has but they may not want what you have. By creating a currency of trade dollars you can trade conveniently with tens of thousands of members worldwide.
How does it work?
Bartercard has created a flexible, secure and fully accountable way for businesses to trade their goods and services with businesses all around the country and the world. Bartercard is one of the largest B2B networks with 10,000 cardholders across New Zealand alone who are now effectively using the trade exchange to...
By using Bartercard you earn trade dollars for the goods and services you sell and this value is recorded electronically in your member account (similar to a bank account).
You then spend your advance on trade dollar sales (or draw on your advance on trade dollar sales) on goods or services from any other Bartercard member. It offers you completely flexible trading because...
- you don’t have to purchase from the same business that purchases from you
- you can spend with anyone locally, nationally and internationally
- you can sell now and buy later, or buy now and sell later
- and…you can use the advance on your trade dollar sales as working capital, even before making a sale.