Part 1 - Accelerate your Trade
- Create a storefront
- Upload your products / services (SKUs)
- Leave the price out to negotiate your deals directly or
- Set the price in your currency to be conveted & displayed in MAGKs
- Get MAGKs to pay for your transactions
Part 2 - Barter Exchange
- bartering benefits companies and countries that see a mutual benefit in exchanging goods and services, rather than cash
- it enables those who are lacking hard currency to obtain goods and services
- in the case of a simple barter transaction, there will be no cost
- suitable for short-term borrowing needs
- generally easy and quick to arrange, with immediate access to funds once facility has been agreed
- a credit facility can be arranged as part of membership of an online barter exchange
- the facility amount can be tailored to suit business needs including both cashflow and back up against unexpected expenditures
- funding is received without the need to give up a share of the business in return
- transaction and membership fees are normally tax deductible
- due to its short-term nature the balance of any credit facility overdraft is not normally included in the calculation of the business's financial gearing
- transaction charges are predictable.