How Bartering Works
Get products and services by trading, without having to spend hard-earned cash.
The Exmerce barter platform is set up differently than traditional barter relationships. Instead of trading products or services directly with another business, you earn Exmerce Dollars when a member buys from your business. You can then use those Exmerce Dollars to purchase hundreds of products or services from other members on the Exmerce platform.
The barter community is full of an array of different businesses that offer a wide range of professional and personal services and products.
Bartering in 4 Simple Steps
Seeing Exmerce in Action – An Example of How Barter Works
Let’s imagine you’re a florist and you’ve recently become a member of Exmerce. John, the auto mechanic drops by your store and notices you trade on barter. John informs you that he’s a member of Exmerce too.
John tells you he wants to surprise his wife with flowers and buys one-dozen of your red roses using his Exmerce account.
Now, as the florist – if you normally sell one-dozen red roses for $50 (+ GST) cash, through Exmerce, you would sell the same one-dozen red roses for $50 (+ GST) in Exmerce Dollars. Before completing the sale, it is best practice to ask the member to present their Exmerce member card or alternatively you can contact our office to get a pre-authorization.
Contacting the Exmerce office for a pre-authorization also ensures the customer has sufficient trade funds in their trade account.
Beware: It is the responsibility of the seller to contact Exmerce or to post the sale transaction online; this operates in the same fashion of any other brokered, non-cash payment methods (such as debit or credit).
A barter transaction receipt is then filled out by the seller for record keeping purposes and a copy is given to the buyer.
Now the florist has Exmerce Dollars to spend (perhaps on some account help, or on new business cards from the printer on Exmerce), and the mechanic needs to top-up his Exmerce Dollars by providing service to a different Exmerce member.
How To Sell – Making a Barter Trade With Exmerce
Making an Exmerce sale is no different from a cash or credit card sale except for the form of payment. Once a member is identified as an Exmerce member and it comes time to make the sale, you simply accept your new customer’s Exmerce Dollars as payment. The Exmerce Dollars will immediately be transferred into your account for you to purchase from any other member.
Each Exmerce member works closely with an assigned Trade Broker. It is the responsibility of the Trade Broker to best understand your needs and to also help make recommendations on buying and selling opportunities.
Your Exmerce Trade Broker will effectively market your products and services to other community members using:
- Account Manager Relationship
- Online Member Directory
- Daily E-mail Broadcasting
- Monthly E-Newsletter
- Social Media (i.e. Facebook, Twitter)
- Tradeshow Exhibition Regular Networking Events
How to Buy With Exmerce – Completing a Purchase Transaction
Making a purchase with your Exmerce card is simple.
- First review the Exmerce Member Directory and see what services and products are available. Note: you must log in to your Exmerce account to review the Member Directory, or you can contact your Trade Broker to find the businesses offering services or products you may be in need of.
- Next, decide which services or products you want to purchase.
- Complete the purchase by showing your Exmerce card, at which point the seller must submit the transaction through the Exmerce platform.
The Secret to Accelerating Your Business Growth with Barter
When participating in a barter exchange, it’s important to identify all the areas where you would normally pay for products or services for your business, or in your personal life. You can do it on your own, or in conjunction with your bookkeeper or accountant for better accuracy