As a business owner, if you needed B1,000 worth of business cards would you prefer to pay B1,000 in Cash or with B1,000 worth of your own product?
The answer is simple! It will always be better value to pay by using your own product instead of cash, given your cost for the product in the first place.
Each purchase made in BBX represents genuine cash savings.
BBX will send you the extra business enabling you to purchase in this way, so effectively purchases are being supplemented by new business rather than being supplemented by cash flow.
BBX operates along the lines of a small bank, as a clearinghouse for members.
It issues its’ own currency and plastic debit/credit cards, and sales and purchases are facilitated much the same way as other card/merchant transactions.
The currency used is BBX Trade Bahts and the value are recorded as book-entry debits and credits (i.e. Cashless accounting units).
Trade transactions are valued on the basis that One BBX Trade Baht = One Thai Cash Baht for all accounting and taxation purcposes.
As well as conducting accounts for members and issuing plastic debit/credit cards to facilitate transactions, BBX provides monthly statements, issues sales vouchers, maintains an authorization process for all transactions, and issues interest free credit limits according to the trading capacity of the member.