Frequently Asked Questions
What is Bartercard?
Bartercard is the premier business transaction card for business owners and decision makers to boost their business and lifestyle. New customers and sales are guaranteed to be received from the membership community of over 75,000 trading members in six countries who seek to do business with other Bartercard members. Purchases can be made immediately using interest-free credit and paid for later with your goods and services…NOT CASH!
How much does it cost to join?
That depends! Bartercard offers different levels of membership. Depending on your business' situation, its size and capacity to trade in the Bartercard system will determine which level is best for your particular business.
Are there any ongoing fees?
Yes. Bartercard charges a monthly account-keeping fee and a transaction fee for all sales and purchases made through the system.
Do I have to own a business to become a Bartercard member?
Yes! Bartercard is a business-to-business transaction card. You’ll need to be in the position to sell a product or service to be eligible to be a member of Bartercard.
What can Bartercard do for my business?
Bartercard's primary objectives are to assist businesses to increases their sales, offset cash expenses, and improve their overall cashflow. If you are looking for extra business, or wanting to conserve cash in your business, join Bartercard today.
How does Bartercard bring me business?
Bartercard promotes each member's business through its printed and online directory, Auction site and eMARKETplace, e-newsletters, networking functions and through a personally assigned Account Manager.
What can I buy with Bartercard / on Trade?
You can buy anything from Accommodation to entry into a Zoo and everything in between! When you join Bartercard, you will be assigned an Account Manager who will work with you to source products and services for your business and lifestyle.
Can I use my Bartercard overseas?
Yes! Bartercard is a multinational company with offices situated in the UK, New Zealand, Thailand, UAE, and Cyprus. Members are able to spend their Trade Pounds in any of these locations.
Do barter transactions include VAT?
If your business is registered for VAT, yes! Members should treat a Trade Pound as they would a cash pound from a tax perspective. Barter transactions are assessable and deductible for income tax purposes to the same extent as other cash or credit transactions. Therefore, the advantages and disadvantages are similar to ordinary cash revenue or expenses.
How do I claim Bartercard transactions on my tax?
Bartercard transactions are assessable and deductible for income tax purposes to the same extent as other cash or credit transactions. When a Bartercard member makes a taxable supply to another member there is a liability for tax, including VAT.
Is it real money?
Yes! For taxation purposes the HM Revenue and Customs considers one Trade Pound (T£1) to be equal to one United Kingdom pound (£1).
Do I have to take 100% Trade?
Yes, you do! Bartercard operates a Fair Trade or No Trade Policy and expects all members to sell their products and services at 100% Trade. This ensures every member conserves cash in their business and gets value for their Trade Pound.
Can I choose when I take Bartercard?
When you join Bartercard you will be assigned an Account Manager who will work with you to ascertain what you are able to sell on Bartercard. As a trading member of Bartercard you will be expected to take a Bartercard sale.
