Barter Services | Bartercard New Zealand

Business tool that increases profits through new customers and improved cash-flow


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Bartercard

Bartercard is the operator of the world’s largest barter trading exchange that attracts new customers and increases sales for its SME members. Bartercard enables businesses to exchange goods and services without the use of cash or cash equivalents, or without a direct swap.

Bartercard was founded on the Gold Coast, Australia in 1991 by Wayne Sharpe and has built a presence in eight countries (Australia, New Zealand, South Africa, United Kingdom, United States, Thailand, United Arab Emirates and Cyprus) where 75 offices service approximately 54,000 cardholders worldwide who collectively barter-trade over $600m each year. [1]

In 2007, Bartercard Australia was sold in a management buyout. In 2016, Bartercard reached 25 years in the industry and announced further expansion in the North American market launching six new franchises and taking Bartercard’s USA presence to 18 franchises in eight states. The eight US states now covered by Bartercard account for a quarter of the nation’s economic growth. [2]

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Bartercard IPO

Bartercard Boosts Business Bartercard buys Entertainment Book

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Bartercard $200m Member-To-Member Trading

Innovative Approach Behind Bartercard $200m Member-To-Member Trading

AUCKLAND , 28 July 2004 – Bartercard New Zealand announced today that its innovative business approach has attracted members including Just Water Limited, and National Car Rentals, bringing trading between B2B members to around $200 million per year.


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$80,000 For Heart Kids NZ, Thanks to Bartercard Foundation

The Bartercard Foundation is delighted to announce its partnership with Heart Kids NZ, the only not-for-profit organisation supporting Kiwi kids and their families who are affected by Congenital Heart Disease (CHD), right through their life.

Each week, 12 babies across New Zealand are born with a heart defect. While there are surgical procedures that can improve the heart’s function, there is no cure for CHD.

Heart Kids NZ receives no government funding, has no affiliation with the Heart Foundation and must fundraise for all of its services. The Bartercard Foundation is thrilled to be able to step in and help support those fundraising efforts.

And it has wasted no time in raising funds. Already more than $80,000 trade dollars have been raised – $32,000 trade dollars of it in just one day, thanks to a fundraising event which encouraged Bartercard members to ‘Gift a gift of giving at Christmas’ to friends and family in lieu of a physical gift.

It’s not just donations the Foundation is looking to assist with. It is also keen to get involved in events around the country, all of which will be advertised on the Heart Kids website throughout the year.

The Bartercard Foundation is made up of three trustees who oversee its operation, on a voluntary, unpaid basis. They are Raymond Goubitz, Bartercard Trustee, Ted Midlane from Legal Consultants Ltd and the recently appointed Carmel Clark from Telephone Market Research.

Raymond Goubitz says: “The Trustees of the Bartercard Foundation are delighted to support Heart Kids with the valuable support services they provide to the families of Heart Children. Using Bartercard Trade Dollars, the Foundation will assist their cashflow and help raise their profile. We’re thrilled by the initial support of our member community and their generosity – it goes to show what can be raised in just a day for something so worthy.”

He adds: “The Bartercard Foundation chose to collaborate with Heart Kids after consideration of many different charities which do not receive government support. It was felt Heart Kids were best placed to utilise Trade Dollars to assist them in achieving their objectives for the forthcoming year.”

If you would like to donate to Heart Kids, go to https://donate.HeartKids.org.nz/ or visit heartkids.org.nz to find out more about this worthy cause. For more information on Bartercard and its services visit: bartercard.co.nz

The Bartercard Foundation was established in April 2010 and is a registered charity to support charities which require wider national prominence for their great cause. 100% of the donations raised go to the chosen charity. Unlike most other charities which aim to pass on 80% of their donations with 20% covering expenses and other costs, all of the Foundation’s operating costs are paid for by Bartercard. These costs are increasing due to additional financial reporting obligations and information required to be supplied to the Charities Commission.

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Bartercard Boosts Business

Does Bartercard Work? YES and It Boosts Business

Lower Hutt and Auckland businesses are the star big-city performers in New Zealand’s cash-free economy, while Selwyn is the top rural region.

Bartercard members in those three areas enjoyed the largest increases in sales in the year to June 2014, with some achieving growth of close to 25%.

Lower Hutt in particular has seen a surge in the volume of bartering businesses with growth that outstripped the Auckland region by over two percentage points.

Data analysed by Dr Paul Bracewell from Wellington-based Dot Loves Data shows the country’s non-cash economy is thriving, with more than $200 million worth of goods and services ‘bought’, ‘sold’ and swapped each year through the Bartercard network.

More than 7,000 businesses belong to Bartercard in New Zealand, with some of them having been in the scheme since it began 23 years ago. Memberships ranges from start-up companies to long-established family businesses and charities, some of which use Bartercard ‘dollars’ to pay for advertising as well as to ‘buy’, ‘sell’ or swap good and services.

Bartercard  NZ CEO John Scott says the top five sectors active in Bartercard are professional services, hospitality, automotive, construction and building, and food and drink.

“Meanwhile, provincial areas experienced the greatest improvement in operating cash flow, particularly Bartercard members in Horowhenua, Manawatu, Mid-Canterbury, Southland and North Otago.”

Dr Bracewell’s analysis looked at the performance of more than 3,500 members who have significant sales or spend through Bartercard.
“Two thirds of our members have been bartering on our exchange for more than five years while 31% have been involved for more than 10 years,” says Scott. “They stay in the scheme because they know it works – and works well – for their business.
Top Performing Large Regions (Increased Sales) – Above Average Growth in Sales after 12 months
• Lower Hutt City (16.7%)
• Auckland (14.2%)
• Hamilton City (11.0%)
• Christchurch City (10.1%)
After Two Years:
• Auckland (15.5%)
• New Plymouth District (15.4%)
• Lower Hutt City (12.9%)
• Napier City (10.2%)
• Rotorua District (10.1%)
Top Performing Small Regions (Increased Sales) – Above Average Growth in Sales after 12 months
• Selwyn District (23.0%)
• South Wairarapa District (12.8%)
• Timaru District (12.2%)
• Waikato District (12.1%)
After Two Years:
• Kapiti Coast District (>25%)
• Marlborough District (>25%)
• Far North District (>25%)
• Central Otago District (17.7%)
• Western Bay of Plenty District (11.1%)
• Waipa District (10.3%)
Improved Cash flow: Top 10 areas to experience an improvement in cash flow over a 6-month period:
• Horowhenua District
• Ashburton District
• Southland District
• Waitaki District
• Manawatu District
• Rotorua District
• Dunedin City
• Central Otago District
• Wanganui District
• Nelson City
About Bartercard: Following Bartercard’s creation in Australia in 1991, Bartercard New Zealand became the first international licensee a year later. Since its inception, the BartercardSection3Image1[1] Trade Exchange has grown to more than 7,000 member businesses across New Zealand who buy, sell or swap over $200 million worth of goods and services outside the cash economy each year. Bartercard operates in New Zealand, Australia, United Kingdom, Thailand, United Arab Emirates, and Cyprus.

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