Tradebank International Inc. (Tradebank), a seven-time recipient of the Consumers’ Choice Award for “Barter and Trade Exchange, helps businesses trade their products and services for any other product or service within its network of members. Tradebank members include approximately X businesses in metro Atlanta, X in Georgia, X in the U.S., and 11,000 from around the world. Members may do business with any other Tradebank member around the world.
Tradebank helps businesses buy and pay for products or services using barter credits, known as “trade dollars,” helping them conserve cash. When a member buys or sells a service or product, he either pays with or gets paid in trade dollars. Once a business has accumulated trade dollars, it can purchase goods or services from any other member anywhere in the network.
Founded in 1987 and based in Lawrenceville, Ga., Tradebank has more than 70 regional exchange offices across the U.S., Canada and East Central Europe.
In The News:
Friday, September 11, 2009
Bartering Allows Companies to Expand Sales While Conserving Cash
Atlanta Business Chronicle – by Michael Hunter Staff Writer
Tradebank International Inc. is one of those rare companies that is perfectly positioned to grow during a recession.
Not only that, but they are helping other businesses grow along the way.
A barter exchange company based in Lawrenceville, Tradebank facilitates trades for goods and services without cash between more than 11,000 companies.Trading volume increased 11 percent in the second quarter of 2009 and new account sales increased 51 percent over the same period in 2008.
“Any business out there that has excess capacity has the ability to barter,”
said Todd Gerry, senior vice president of marketing for Tradebank . . .
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