Trade dollars from Bartercard are helping businesses around the world save cash. Bartercard is a cashless trading system where companies can barter goods and services within the Bartercard business network.
Most businesses do not operate at 100% capacity all of the time or may have excess stock. By accepting new clients through Bartercard and trade dollars as payment, they can increase capacity, move stock and have additional income that can be used (just like cash) to pay for business expenses, staff incentives, additional product lines or positively improve lifestyle.
Allure Nails that has been a Bartercard member for 11 years uses trade dollars on advertising, printing, and computer R&M. “We get the studio lawns mowed, we have fresh flowers weekly for our reception area, we advertise in the local free newspaper. Our stationery is printed using trade, we make charitable donations, we take drawings using trade and provide staff incentives. All our studio promotions are done using trade dollars – if it can’t be purchased on trade, there is no promotion,” says a representative from Allure Nails. “The biggest area of success is we’ve been able to branch out from NZ to conduct beauty therapy training in Rarotonga three times a year. We use the trade dollars to cover expenses such as accommodation, car rental and dining which saves us cash which we invest back into the business to build up the contacts and courses. We have also partnered with a resort spa in Raro who is also a Bartercard member and they purchase products from us. This is a win-win.”
With tens of thousands of cardholders worldwide, Bartercard provides clients with an innovative way of combining modern technology to help them gain more customers, increase sales and conserve cash through a community of like-minded businesses by using Trade Dollars instead of paying cash. For companies that are in a position to take on extra business, Bartercard can introduce them to new business immediately.