Each Southern Barter Exchange (SBX) member has his or her own account where all transactions are recorded. This account is one of the key improvements over one on one trading. With this account, members sell to others who wish to buy from them, bank a credit from that sale and then have the opportunity to spend their trade dollars to buy any product or service within the SBX network. They do not have to accept each other’s merchandise directly. Trading within a trade exchange allows you tremendous flexibility.
Barter or trade is a powerful tool for your business. By accepting payment in trade dollars instead of cash, a business maximizes its sales by increasing inventory turnover or billable hours. By using the trade dollars earned, that same company can purchase goods or services it wants – without paying cash.
SBX works directly with you to bring your company new sales, new customers and an increased market share. Our brokers are at your disposal to help you promote your business to our network and to move inventory and reduce downtime. Your business will be more efficient without downtime or excess inventory and that increases your bottom line. SBX acts as a third party record keeper, providing members with monthly statements which makes for easy accounting for you.
Using the SBX system is easy. All you do is:
- Sell your goods and services to other members and get new customers.
- Deposit a credit from that sale into your SBX account.
- Use your trade dollars to purchase what you want from thousands of other members of the network.
- Save your cash!