Ask Bartercard is a platform designed for people/the public/anyone who is interested to ask questions on what Bartercard is or isn’t, so the following are examples of some of the questions that Ask Bartercard answers.
Can I use NZ Trade Dollars in Australia? Yes, you will be able to use your trade dollars in Australia, although not through their Eftpos network. You will need to use manual vouchers which can be provided to you by your local branch.
Just like the New Zealand trade dollar is tied to the local currency (NZ$) the Australian trade dollar is tied to the (Aus$), therefore local currency exchange rates will apply at the time of the transaction. The Bartercard Travel Team ( firstname.lastname@example.org) are also available to give suggestions on regional spending opportunities and can assist members with travel queries.
One of the most frequently asked questions of Ask Bartercard, is Do my Bartercard Dollars expire, and the answer is, no. Trade trade funds do not expire if you are a Bartercard member. However, the physical Bartercard you receive expires as per the date shown on the card. A new card is then posted out automatically. If you are gifted a Bartercard gift card, the funds expire after one year from the date of issue.
How do I locate other businesses on Bartercard? As a Bartercard member, you will have access to a full directory. Simply access the online member’s directory -search.bartercard.co.nz. This will allow you to search for a specific member/industry or just see the members closest to you. If you can’t find what you are looking for, your Trade Broker or local branch ( http://www.bartercard.co.nz/Contact.html) will be able to assist you.
How does Bartercard work? 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.