What is Trade?
Tradebank replaces direct barter with a platform that allows business owners to trade within a network for exactly what they need. This conserves cash within the business, which can be used more effectively elsewhere.
Transactions
Making a Tradebank sale is quick and easy.
Tradebank builds your business by attracting new customers to your business.
Each Tradebank member works closely with a knowledgeable Trade Broker. Our Brokers understand the needs and requirements of Tradebank members. They constantly assess member needs and monitor the supply and demand of products and services to create multiple opportunities for sales.
Your Tradebank Trade Broker will effectively market your products and services to other Tradebank members using:
- Account Manager Relationship
- Exclusive Member Website
- Weekly and Daily E-Mail Broadcasting
- Searchable Online Directory
- Monthly Newsletter
- Online Classified Ad System
- Trusted Relationships With Other Brokers
Record Keeping and Tracking
Receive Monthly Statements
Tradebank acts as a third-party record keeper, just like a bank. Each month members receive a statement detailing all transactions, current trade balance and any fees due.
Tax Treatment
There are no tax disadvantages to barter transactions. Income generated through Tradebank is taxable in the year in which the sale occurs.
In 1982, the United States Congress passed TEFRA, the Tax Equity Fiscal Responsibility Act. TEFRA recognizes trade exchanges, like Tradebank, as third-party record keepers of barter transactions and stipulates that all trade revenue earned is treated as income.
Barter exchanges are required to file Form 1099-B, Proceeds from Broker and Barter Exchange Transactions, for all member transactions within the calendar year.
Accordingly, Tradebank issues each member a Form 1099-B summarizing the value of all sales made through the exchange during the year. The IRS receives the same information.
Certain purchases made through the exchange are tax deductible. Further, you may deduct costs you incurred to perform the work that was traded through the exchange as long as the expense is company related.
For more information on taxes and bartering, please refer to the following articles on the IRS website:
Tradebank Trade University
Tradebank has developed an industry leading 2 hour course on barter. Tradebank will credit your account with T$300 – 500 for your attendance and participation. This is also a terrific networking opportunity.
Tradebank Weblink
Tradebank pays T$10 per month, per link for placing a link back to tradebank.com on your website(s).
Money Back Guarantee
If we don’t bring you new customers, we will refund your investment.
Barter Benefits
It is estimated that more than 450,000 businesses in the U.S. actively use organized barter to supplement their cash transactions. More than two-thirds of Fortune 500 companies participate in barter relationships.
Barter is a smart business tool.
Reasons to Barter:
- Increased sales.
- Improved cash flow
- Expanded market share
- Conserve cash
- Increased Exposure
Increase - Improve – Expand
Increase Sales
Tradebank introduces your business to an entirely new group of potential customers, partners and allies. With access to more than 15,000 members who bypass traditional cash vendors to work through Tradebank.
Improve Cash Flow
Purchasing through Tradebank to replace cash expenditures guarantees increased cash flow. In addition, you buy products and services at your own variable cost and pay for purchases with new sales brought to you by Tradebank.
Expand Market Share
One of the great benefits to your company is the incredible exposure you receive through Tradebank and our affiliates. Tradebank introduces your business to a new market, brings in new customers and provides new networking opportunities within an exclusive association.
Conserve Cash
Tradebank eliminates the need to pay cash for ongoing business expenses. You not only save money with each purchase but it is all paid for with new incremental business brought to you by the Tradebank network. This effectively allows you to purchase products and services at your own variable cost.
Unlike fixed costs that don’t change regardless of the volume of customers, variable costs, or costs of goods, are incremental expenses that a business incurs as a direct result of selling a product or service. They are usually a fraction of the selling cost. For example, a restaurateur’s variable cost is the cost of food he or she serves, approximately $.35 for every dollar of food sold. Other examples of variable costs include ink and paper for a printer, building materials for a construction company and gas for a charter bus business. Use this simple calculator to see the savings you can experience with Tradebank.
Call Today 864/Business (287-4637)
