How Memphis TradePartners Works
We facilitate barter for our members much like a clearinghouse does for stocks or a commercial bank does for checks. As an intermediary, the organization receives a commission on each transaction and saves our members the trouble of finding a match for their services, and dealing with collection.
The transactions between companies are measured in terms of barter credits or “trade dollars” (one trade dollar is equal to one U.S. dollar in value).
Each member holds an account of trade dollars (called a trade account), which is maintained by Memphis TradePartners. Transactions are credited to each member’s account immediately so there is no need to deal with receivables, collections or bad debts.