Using Bartercard to recover cash debts

Do you have any regular cash clients who have fallen on hard times and are struggling to pay you?

Rather than pursuing the debt and having the relationship turn sour, you may be able to use this trading tip, for a win/win result.  The idea is to offer them an incentive to pay you now.

Here's an example of how it could work:

Lets say a printer is owed £10,000 cash from a jeweller and the invoice has been outstanding for 12 months. The printer could offer the jeweller an incentive, by saying they will accept half of the debt in cash and the other half in product or gift vouchers.

This incentive could have a limited timeframe in order to motivate the jeweller to resolve the debt. The product or gift vouchers would then be sold through Bartercard for Trade pounds and the printer would use the Trade pounds in their business.

If there is hardly any hope of them paying some cash, then the printer might accept the whole debt in product or gift vouchers or, even ask the jeweller to join Bartercard in order to pay the debt directly in Trade Pounds.