How Bartercard Works
Why?
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 thousands of members Australia-wide.
- Gain new customers, who generate increased sales income
- Spend your trade dollars, move excess stock or utilise downtime with members locally or nationally
- Free up cash to pay existing expenses
- Increase profits from the introduction of new business.
How Does it Work?
Bartercard has created a flexible, secure, and fully accountable way for businesses to trade their goods and services with others. Bartercard is one of the largest B2B networks, with over 32,000 cardholders across Australia and New Zealand alone. For the purpose of accounting one trade dollar equals one Australian dollar.
Using
Using Bartercard
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 credit balance 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 and nationally
- you can sell now and buy later, or buy now and sell later
- and... if you require working capital, you may be able to apply for an interest free line of credit.