• How will Internet barter benefit my business?
• Why do companies barter?
• How big is barter?
• Is business-to-business barter just another form of auction?
• Is barter another way for companies to liquidate inventory at fire sale prices?
• Why use Trade Credits instead of cash?
• What is Trade Ringgit worth?
• Can I buy without Trade Ringgit?
• Do I need to pay taxes on my Trade Ringgit sales?

How will Internet barter benefit my business?
Trading on TradeRinggit.com gives you all the benefits of traditional barter, plus Internet efficiencies and significant exposure to new businesses. Trading on the exchange can help you to sell more and buy more. The Internet can open markets for your unsold inventory, excess capacity and available services. You can then use the Trade Ringgit you've earned to buy from a wide range of new suppliers. We embraced click and mortar strategy that blends the best practices of traditional business-to-business(B2B) barter and e-commerce. Clients can also trade offline with the personal assistance of our experienced trade broker.

Why do companies barter?
Nearly every business faces the daily dilemma of cash management and perishable inventory -- newspaper pages without advertising, airline seats that fly empty, production facilities that run below capacity. Modern barter involves the creation of a market in which available products and services can be offered at full value to thousands of potential business buyers in a trading network, or a barter exchange. These sales use a non-cash currency which participating companies can use to buy anything listed within the exchange. In this way, a barter exchange delivers two benefits to business: sales at full value and the ability to acquire valuable products and services while conserving cash

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How big is barter?
The International Reciprocal Trade Association (IRTA) estimates that US$16 billion worth of products and services were bartered in the United States in 1998. The worldwide barter industry, by some estimates, exchanged as much as US$65 billion worth of goods and services.

Is business-to-business barter just another form of auction?
No. In an auction, sellers are unsure what value they will receive for their merchandise. In a barter transaction, the price of the products and services is determined by the seller and must be met by the buyer. Thus, companies realize the full value of the products and services they barter. TradeRinggit.com represents a distribution channel that companies can use to increase sales at full value.

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Is barter another way for companies to liquidate inventory at fire sale prices?
No. There are businesses whose sole purpose is to relieve companies of distressed inventories by taking ownership of those inventories using various forms of non-cash credits. That is very different from what TradeRinggit.com does. The TradeRinggit.com Network offers businesses of all sizes a full-value marketplace of thousands of companies eager to spend Trade Ringgit (TRM) and a non-cash distribution channel into which they can move merchandise, making it available for sale to all the companies that belong to the TradeRinggit.com Network. TradeRinggit.com is not a discount channel. We offer businesses a sensible, non-cash option they have never had before for selling merchandise at full value.

Why use Trade Credits instead of cash?
Maximizing cash flow is a top priority of all businesses, small and large. Using Trade Ringgit (TRM), sometimes called Trade Credits, is an alternative to using cash, which helps businesses conserve cash. You can earn Trade Ringgit (TRM) by selling available inventory or staff time, and you can spend your earned Trade Ringgit (TRM) to pay for products and services you need to run your businesses.

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What is Trade Ringgit worth?
Trade Ringgit is good for things such as computers, accounting services, hotel rooms, office supplies, software engineers, window cleaning, car rentals, web design—nearly all your business needs. Trade Ringgit.com encourages Members to price their goods and services as they would in the cash world.

Can I buy without Trade Ringgit?
No. You need to have Trade Ringgit to purchase goods or services on TradeRinggit.com. You can earn Trade Ringgit by selling on the exchange. You can make a deferred purchase by applying for trade credit facility just like overdraft facility in the cash economy. Call or email for further detail.

Do I need to pay taxes on my TradeRinggit.com sales?
Yes. Just like cash sales, barter sales are treated as income. Like cash purchases, barter purchases are often deductible if they are reasonable business expenses. Consult your tax advisor for more information.