As a business to business trade exchange, BarterWorld is an interactive corporate trading system which provides client companies with the facility to use their own product or service to buy other goods and services within their national exchange network. For small and medium sized businesses, the immediate benefits are significantly reduced cash expenditure and improved cash flow. For larger companies the primary motive is the increased sales and market share that occurs through the exchange process.

The "Products and Services"

A Trade Exchange is a bank that deals in products and services instead of monetary transactions. BarterWorld maintains a continuously updated database of thousands of products and services available in Canada from which each client can source their specific requirements. If we don’t have it in our database you can request it and we’ll do our best to fulfill your need.

The process of buying and selling is managed using a debit and credit accounting system, just like a bank. Each client company has an account and just like a bank current account, uses a cheque book to pay other clients and receives monthly statements detailing all transactions and balances.

Our system is designed to completely eliminate the typical restrictions of direct exchange. At the same time it is as simple to use as a bank account and is compatible with most accounting software packages.

You buy from us..............and we will buy from you. Typically, a client, working within agreed credit limits, buys a variety of products/services from a range of suppliers. They are invoiced as normal and pay the supplier as normal but with TradeBUXTM, not a bank cheque. This generates a debit balance on their BarterWorld account. This balance is later reduced through sales of their own product / service to other new clients within the exchange.

Prices and terms are negotiated between buyer and seller as in usual transactions and valuations are in Canadian dollars. Purchasers must pay applicable taxes in Canadian currency.

How does barter work?

1. Join BarterWorld and open your trade account. It works like a checking account for your barter transactions. The exchange acts as a third party record keeper by recording your sales and purchases and providing you a detailed monthly statement.
2. The barter exchange refers other clients to you and you provide them a product or service as you normally would.
3. You get paid, as in cash transactions. You get paid in TradeBUXTM. TradeBUXTM can be used just like cash with other members of the exchange and its affiliates locally, regionally or nationally.
4. You improve your bottom line cash with increased sales and reduced cash expenses.
5. For more information please refer to the FAQ.