Use Tradebank for Debt Recovery

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Most companies have outstanding receivables. Sometimes due to cash flow, a customer finds it necessary to draw the payment out over a prolonged period and perhaps may never make a payment or at best only a partial one. Rather than wait an extended time for the payment or risk never receiving it, Tradebank can assist you in the debt recovery process.

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When a Tradebank business is having trouble collecting cash form one of their customers, the Tradebank client can offer to accept part or the entire amount owed in his customeru2019s goods/services.  With the help of a Tradebank broker, the goods/services can be marketed in the network. These Trade Dollars can be, in turn, used to offset other cash expenses in the business.

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Anothernalternative is to refer the customer to Tradebank and give the option to settlentheir debt to you in trade dollars.

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In these circumstances, you can also request a premium in order to accept the debt in trade dollars. (E.g. the customer owes you $5,000, you could ask for T$6,500 instead, giving you a bit of an incentive to convert cash to trade)

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Once younhave discussed the options with the customer and interest is shown, contactnyour Tradebank broker for further assistance.

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Your companynwould also be eligible to receive the usual referral bonus from Tradebank. Itu2019sna win-win all the way around.

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