Bartercard Has Been in Operation for over 25 Years

Ask Bartercard celebrates the fact that Bartercard has been in operation for over 25 years now, and here they answer the question, “What are the benefits of a trade exchange?” 

The Bartercard concept uses an alternative, electronic currency (Trade Dollars) that is exchanged between members to pay for goods and services to improve cash flow (cash be conserved for other business expenses), reduce cash expenses (by using Trade instead) and attract new customers. Trade Dollars are a well-recognised and accepted method of payment in New Zealand. One Trade Dollar is equivalent to one New Zealand Dollar for all accounting and taxation purposes.

Bartercard is a registered Financial Services Provider and operates in a similar way as a credit card or another bank account. When it comes to accounting, there is no difference between cash and Trade Dollars, with sales being recorded as income and purchases being recorded as an expense or asset.

You can promote your business to thousands of local, national and international businesses who are all potential customers. Bartercard has over 6,000 member businesses in New Zealand and over 36,000 member businesses around the world using Bartercard to grow their business.

There are so many benefits to joining Bartercard, and the first is you will attract new customers with Bartercard’s large referral network. Secondly, you can reduce your cash costs by paying with Bartercard trade dollars.Similarly, you can build business contacts, as Bartercard is a membership-based network, with many local and national networking events.

You will also clear excess stock without the need to discount, and finally, you can access interest free funding with Bartercard’s interest-free line of credit, which allows you to make purchases immediately upon joining the Bartercard network, so for more information on what is Bartercard, Bartercard members and how does Bartercard work please go to http://askbartercard.co.nz .