9:45 pm - Fri 30 Jul 2010

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What companies are clients of Tradebank? Is Tradebank for small businesses? Are there any Fortune 1000 companies?

Tradebank members include businesses of all sizes, ranging from sole proprietorships to multinational, Fortune 1000 companies. Tradebank has the critical mass of buyers and sellers, coupled with an extensive brokerage infrastructure, to create the necessary market dynamics that facilitate trading among companies of all sizes.








What are Tradebank Dollars (T$)?

· The T$ is the official currency of Tradebank. Trade transactions between companies are actually converted to trade credits or “trade dollars” (one trade dollar is equal to one U.S. dollar in value) and are reflected as debits or credits in each trading company’s “trade account.”

· The T$ to U.S.$ conversion rate is fixed at 1.00 T$ to U.S.$ 1.00.

· Earn T$ by selling your products or service to another Tradebank client.

· Spend your T$ instead of cash to buy products or services from other Tradebank clients.








I’ve bartered products and services with other businesses. Why do I need Tradebank?

Trading through Tradebank is easier than trading on your own. We expose your business to more new prospects and help you increase your sales. Because Tradebank has a network of over 8,000 member businesses, you don’t need to conduct one-to-one trades (that is, you don’t need to buy from the client you’re selling to). Tradebank makes it very easy to buy the goods and services you need to run your day-to-day business operations.








I purchase everything wholesale. Why would I want to buy products and services via Tradebank?

Many Tradebank clients have established long-term business relationships. Tradebank doesn’t require that you change your relationships. We help you expand your customer and supplier network. Because few businesses can get everything they need wholesale (such as advertising, airline tickets, restaurant meals, or contracting services), Tradebank is a great way to conserve cash by trading for the items for which you have flexibility in vendors.








How will other clients know what I’m selling?

Once you’ve listed your products and services with Tradebank, other Tradebank members will see what you’re selling when they search for the products and services they want, or their trade brokers will inform them when they’ve expressed an interest for your particular product or service.








How to do I value my products and services?

You price your products and services to be traded at the same value as you would price them for cash.








How much does a business pay to participate in Tradebank?

Tradebank offers different plans to suit your company’s trading needs. Please contact a Trade Broker at 88-568-5680 for specifics of how trading can benefit your business.








How much additional cash could be made available for your business by trading via the Tradebank Network?

To estimate, use the following formula:

T$ x (GM – C) x (1 – T)

Where:

· T$ is the value of Tradebank Dollars you expect to earn and spend by trading via the Tradebank Network.

· GM is your company’s gross margin of profit

(gross profit divided by sales).

· C is the Tradebank commission charged for buying and selling products and services.

· T is the applicable tax rate for your company.

For example:
· T$ = 200,000

· GM = 70%

· C = 10% (0.0% for each sale and 10% for each purchase)

· T = 40%

Thus, the additional cash that this business can expect to generate is:

200,000 x (.70 – .10) x (1 – .40) = $72,000








How does the IRS view purchases and sales via Tradebank?

Sales made through Tradebank are reported to the IRS, as required by law (U.S. $1.00 = 1.00 T$). Members may deduct from their taxes, purchases for business related expenses that are made with Tradebank dollars. Consult a qualified tax consultant for advice and for tax-deductible expenses allowable by law.








How do I handle the Tradebank fees? Can it be a tax write-off?

Tradebank fees are similar to other expenses incurred in normal business operations. Tradebank recommends that you contact a qualified tax consultant for advice.