Barter, the smarter form of currency, allows businesses to increase cash flow
HENDERSON, Nev. – Tradebank of Las Vegas, a cashless commerce solution that allows Southern Nevada business owners to trade for goods and services, has opened.
Established locally in June, Tradebank of Las Vegas is located in the Henderson Chamber of Commerce’s Henderson Business Resource Center, a business incubator.
A global trade network, Tradebank assists companies of all sizes in converting what they have into what they need. There are more than 70 regional exchange offices throughout the United States and Canada. Tradebank uses a means of exchange called the Tradebank Dollar (T$) in the United States and the Tradebank Canadian Dollar in Canada.
Tradebank serves as an ideal supplement for startups, mom and pops, and other businesses dealing with cash flow issues in today’s challenging economic climate by leveraging goods and services to expand their bottom line. Tradebank of Las Vegas is the first Tradebank location in the Southwest and will act as the hub for future market expansions within the Western United States.
“We felt Las Vegas was the perfect location for Tradebank,” said Joe Lotito, regional director. “Southern Nevada businesses have been hit hard by the economy. Barter allows businesses to obtain the products and services they need to run their business while increasing cash flow, as all trade via Tradebank is done using Tradebank dollars. Barter is an old concept whose time has come again. With our proprietary software system, Tradebank is serving its clients faster than ever before. ”
Businesses that join Tradebank of Las Vegas can trade with any of the more than 20,000 card holding clients in the Tradebank network. Tradebank members receive a Tradebank card that works similar to a debit card that can be used with any other Tradebank member. For example, this is especially helpful in situations in which Tradebank members take business contacts to lunch at restaurants within the Tradebank network; paying is as easy as handing the Tradebank card when the bill comes.
Tradebank dollars act as a pre-approved, interest-free line of credit. Clients of the Tradebank network can search the Tradebank website for those products and services that are offered by other clients. Additionally, Tradebank’s experienced brokers help clients facilitate trades by matching them with suitable opportunities.
“By joining Tradebank of Las Vegas, members have access to new potential clients throughout the United States,” Lotito said. “This opens new doors for members – both in the trade and cash world. Many Tradebank members end up referring business to their non-Tradebank business contacts as well.”
Founded in 1987, Tradebank International is one of the country’s largest and oldest barter and exchange companies. Currently, Tradebank represents thousands of business owners and professionals with 70 regional exchange offices across the United States and Canada. Since its inception, Tradebank has completed more than 2 million barter transactions, each helping its clients conserve cash and make their businesses more profitable.
Tradebank of Las Vegas – the first Tradebank location on the West Coast – was established in 2012. Members of Tradebank of Las Vegas can trade with any Tradebank member in the United States and Canada.