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About Us
Be Part of the Barter BoomWith over 55,000 businesses worldwide, Bartercard International (BCI) is the world's largest Trade Exchange and is internationally recognised as the leader in its field.
The Bartercard Trading Programme enables businesses to trade in goods and services without the need for cash. It allows organisations to grow and diversify whilst saving on their outlay and thus helping control cash-flow. This age-old form of business has been brought into the 21st century by Bartercard's unique methods of accountability, support and security.
Established in Australia in 1991 and in the UK in 1996, Bartercard has seen unprecedented levels of growth in membership and trade volume. It now facilitates trading of more than US$2 billion per year world wide. By concentrating on the largest single sector of the business market - small to medium sized enterprises - Bartercard UK has proved that this form of trading is a vital part of the new economy.
Bartercard is a founding member of the International Reciprocal Trade Association (IRTA) which provides the industry with direction and guidelines.
Bartercard UK is also a member of the British Franchise Association (BFA).
How Bartercard Works
The Bartercard principle is quite simple. It is a fast growing membership based trading organisations who have agreed to trade with one another by using Bartercard system. Bartercard members buy and sell products and services in the same way as they would in a cash transaction - the difference being, instead of cash, the medium of exchange is the Trade Pound (T£). Acting as a 'clearing house', Bartercard offers an accounting and administrative facility which records the debits and credits of all members. Once Bartercard members make contact with each other and establish they can do business they can then commence a transaction.
For example, a printer purchases T£500 worth of services from a garage. The printer's account is then debited by T£500, whilst the garage receives a T£500 credit. The garage does not have to buy from the printer, but can use it's Trade Pounds to purchase from any Bartercard member - so giving access to a vast array of goods and services.
This flexibility is what makes Bartercard such an attractive proposition to businesses that wish to grow and conserve cash at the same time.
How the transaction works
A Bartercard transaction is similar to a credit card transaction. The purchaser simply provides their card details and the seller then completes a transaction voucher. This is authorised and the seller gives a copy to Bartercard. Once received by Bartercard the relevant accounts are credited and debited accordingly.
Most importantly - as a franchisee you will receive an income stream from the transactions relevant to your franchise
Training and Support
Training is a fundamental part of the Bartercard support package and there is a detailed training regime for the franchisee and franchisee staff. Training covers the three key areas of franchise operation – Sales, Trading and Administration. It comprises residential courses, support via detailed manuals and both audio and visual training aids and on-going up skilling through seminars and workshops. This cost is borne by the franchisor.Practical support comes in the form of the provision of IT hardware and software especially Bartercard’s unique trading system (TMC) that allows you to manage trade and monitor members accounts in real time. A huge range of tools are provided for the day to day running of the business, and a large amount of marketing materials to support the promotion of the local business. This is supplemented and supported by a dynamic marketing campaign from the centre to build the Bartercard brand.
Financial Information
The franchise fee is £55,000 and the additional working capital will vary depending on the structure of the businessAre you for us?
We are looking for self motivated individuals who have the desire to build a significant business that will deliver rewards through a consistent income stream and capital growth. Whilst not essential, a sales focussed background is desirable as this will be the key to building the business in the short term.Territories/Locations
There are a number of exclusive territories available throughout the UK