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Dual Currency Credit Card |
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The new dual currency TradeBanc Corporate Visa Card, can be used for payments among the members of an exchange or for cash payments that maybe levied later. This expands the prospects of bartering beyond online trade exchange and is profitable in the long run. |
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| Author: Jake Harris |
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For example, a member of a trade exchange in New York can go to Southern California, eat in a restaurant that’s a member of a Los Angeles trade exchange and pay with their TradeBanc Corporate Visa Card—if the L.A. trade exchange is also a TradeBanc affiliate. The credit card would automatically recognize and process the barter purchase.
Conversely, when the same TradeBanc Corporate Visa Card is used at a non-barter restaurant in Southern California, the encoded card would recognize and automatically note that it’s a cash purchase.
New Consumer Card Will Drive Business To Trade Exchange Members
A huge consumer market is not presently being served by the barter industry. But that’s about to change with TradeBanc Consumer Visa Card being introduced and issued to consumers, who will then participate in TradeBanc as buyers.
This consumer card promises to drive an enormous amount of new business to members of a trade exchange—known as preferred merchants. Why will the consumer want to use the TradeBanc Consumer Visa Card at a preferred merchant establishment? Because every purchase they make means a 20% cash discount, plus they will also earn frequent buyer BancPoints—one point per dollar spent.
When the holder of the TradeBanc Consumer Visa Card makes a purchase at a preferred merchant (member of a trade exchange) the merchant is automatically paid 50% cash and 50% trade credits.
About Author
Jake Harris is the Team leader and IT Project Manager of Proactive tech Computer Technology located in India. For more details visit Online Barter http://virtualbarter.net
Article Source:
http://www.1888articles.com/author-jake-harris-36439.html
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