“I use BizX as much as I can for business expenses,” he explains. “It allows me to apply my cash towards growth opportunities.”- Tyrone Tan, Vice President of Accel Employment. BizX Member since September 2006.
Business Trade and Barter
It is estimated that more than 450,000 businesses in the United States use organized business trade to supplement their cash transactions and more than two-thirds of Fortune 500 companies participate in business barter relationships. BizXchange provides an entirely new avenue for increasing your revenues and market share by building new commercial relationships through a mutually beneficial exchange of goods and services.
BizXchange members are simply agreeing to accept an additional form of currency for payment (they take the new business in trade, instead of cash). Members are free to purchase any product or service within the BizX network – they do not have to accept each other’s merchandise directly.
The BizX Code of Ethics and our adherence to international guidelines ensure that all BizX barter trading is conducted in an ethical and fair environment for all members.
BizXchange acts as a third-party record keeper, just like a bank, providing monthly statements and current dollar balance. All barter trade transactions are recorded pursuant to trading procedures, policies, rules and regulations of BizXchange and the IRS. Unlike a bank, however, BizXchange connect you directly with other members. BizXchange brings you new customers to purchase your products and services with BizX dollars. You can then use those BizX dollars to offset current business expenses by purchasing products and services from other members without using valuable cash resources.
