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.

Ends-


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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.

© Scoop Media


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Increase Profits and Improve Cashflow with Bartercard

Bartercard members are part of an enormous community of businesses that are increasing revenue and improving their cashflow, using an electronic currency called a Trade Dollar. One Trade Dollar is equivalent to one New Zealand Dollar for all accounting and taxation purposes and members then take these Trade Dollars and use them to offset cash expenses within their business.

Assuming Bartercard members have their current cash business already covering their fixed overheads, such as rent and wages, and they have the capacity to take on new business, the only cost in supplying another Bartercard member is their product replacement/variable cost. This means that when they make a purchase using Trade Dollars (T$) they are effectively getting a discount equal to their Gross Profit Margin.

When a company spends cash there is no guarantee of the return. With the Trade Dollar Bartercard members know that each time they spend, it will come back to them in the form of new business from another Bartercard member. Bartercard members are motivated to utilise fellow members’ goods and services because they are paying with their Gross Profit Margin, saving them cash every time they spend.

The new customers generated by Bartercard will be incremental (on top of) any existing cash business, therefore not interfering with their existing business model and Bartercard aims to increase members’ business by 5-15% and increase their net cash profit.

Corey and Rohini, owners of The Oakroom, a popular inner city bar are thrilled with their experiences since joining Bartercard and have this to say: “The team at Bartercard are truly high-calibre and energetic. Their knowledge of the local market and their key contacts in the community helped us in our search for a lot of what we were looking for to be able to setup and continually vary The Oakroom. Geoff our Trade Broker made sure we got the best value for the products that we were looking for.

“Bartercard also came through on its promise to us of new customers. After joining we immediately had new patrons coming through our doors. Functions during our downtime are also a focus for us. Since joining Bartercard we have had a number of Corporate Functions and it’s been exciting to see new cash customers returning as a result and spreading the word about our new bar.”

Intending members should take a moment to visit the website at http://www.bartercard.co.nz to discover how to join Bartercard and how to get the most out of their membership by using their trade dollars for more important things… like relaxing and having a coffee at their local bar or servicing their car at the mechanics.


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10 Ways to Improve Your Business With Bartercard

Bartercard is a trading system where you can barter your goods and services within the Bartercard business network.
Put simply, the network (of over 20,000 members in Australia) is designed to assist businesses to improve cash flow and reduce cash expenses through the use of modern bartering.
Gone are the days of swapping a cow for a pig or a chicken for a goat. The power of modern bartering is that you can improve your profits using our virtual currency that allows you to swap goods or services indirectly with any business within the network.
This quick guide to bartering will show you the power of the Bartercard trade dollar and how businesses use Bartercard to take action and achieve their business potential. Let’s get started…


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Increase profit margin

Bartercard works with business owners throughout New Zealand to find new opportunities outside of their normal customer network. The Bartercard members want to deal with businesses within the network giving you an edge over your competitors.  This very simply prevents the need to discount, therefore protecting your businesses value.

By then using the funds created from your new customers to pay for existing expenses that you would normally pay cash for, you are able to keep more cash in your business.  When you mix the extra cash flow with Bartercard’s interest free lines of credit you can accelerate towards your dreams and goals, achieving them faster than your cash only counterparts.

Bartercard is by no means a new concept, but by offering a modern and easy to use transaction system we have brought an age old idea in to the future. With more than 21years in New Zealand Bartercard has continued to grow, and now has over 7,000 member businesses enjoying the benefits of buying and selling over $200 million worth of goods and services outside the New Zealand cash economy each year.

 Increase profit margin

Clear excess Inventory

Barter Partnerships