In BizX transactions, the purchasing member’s account is debited, the selling member’s account is credited, and the full transaction details are recorded by BizX and represented in both members’ account statements.
There are many ways to buy & sell via BizX; on the marketplace, in-location, via the BizX mobile app, or on the BizX Point of Sale web-based terminal, just to name a few.
When members sell via BizX, they accumulate BizX dollars which are banked in their private account. Members are able to purchase goods & services from any other member, and when they do so, they spend this balance – getting things they need without spending valuable cash.
The innovation in this approach is that no two members have to have what each other need to make a deal – you do not have to purchase from a member that purchases from you. You can spend your BizX with any member, at any time – and these dollars never expire, so you can sell now, and buy with confidence later on.