top of page
VIBE
Virginia International Business Exchange, Inc (VIBE)
A barter system is a network of reciprocal trading partners. This network is established by written contract between the barter exchange and its members. This written agreement establishes, among other things, the terms and procedures whereby members make purchases and sales to and from each other. When sellers accept trade dollars in payment, they are extending credit to the other members of the network.
.png)
%20(69).png)
%20(70).png)
%20(71).png)
How it works?
How it works?
The barter exchange acts as a third-party record keeper for all parties who join the barter system. The barter exchange keeps the books which reflects the purchases and sales of the members. The advantage of this system is that it enables multilateral trade to take place, therefore overcoming the disadvantages of conventional two-party barter.
In a barter exchange, A purchases from B, paying with trade dollars. B has extended credit to the members collectively, because the barter is incomplete, and B has not yet been paid in goods and services. B may spend his trade dollars with anyone, looking to members as a group to provide him with fulfillment goods and services.
Mission
The premier bartering customer service relationship-building alternative financial solution company to its customers, employees and the community who understand and use barter as part of their marketing plan. Our goal is moderate growth, consistent profitability and maintaining relationship- building with employees, customers and the community.
Mission
bottom of page