Tradebank of the Triad said Monday that it recently acquired Velocity Trade Exchange, a trade and barter exchange based in Greensboro.
Tradebank of the Triad is a franchise outlet of Tradebank International Inc., a private international trade exchange based in Lawrenceville, Ga.
The acquisition allows Tradebank of the Triad’s team to transition VTE’s clients into — at no extra cost to them — all of Tradebank’s offerings, including the chance to promote their businesses to Tradebank outlets in the U.S. and Canada, Tradebank said.
John Faircloth, a native of Winston-Salem and Tradebank of the Triad’s regional owner, has planned lunches and dinners to help train new clients on how best to barter within Tradebank’s network.
“This acquisition will aid in building the barter experience within the region so business owners can have more opportunities to save cash and increase their bottom line,” Faircloth said.