On Tuesday, the Ontario Chamber of Commerce (OCC) and BarterPay Canada Inc. announced a new affinity partnership to bring the BarterPay trading platform to members of the Ontario Chamber Network.
Through the BarterPay platform, businesses can obtain a wide variety of goods and services that they need by trading excess, slow-moving inventory or idle time instead of using cash. Through this partnership, members of participating local chambers of commerce and boards of trade will be given exclusive benefits such as reduced activation fees, special promotions and access to BarterPay Small Business Barter Loans at 0% interest.
“The OCC represents small and medium-sized businesses across a variety of sectors who are concerned about the rising costs of doing business. BarterPay provides an innovative solution that allows our members to acquire the goods and services they need by leveraging their excess capacity” says Rocco Rossi, President and CEO of the Ontario Chamber of Commerce. “As the indispensable partner of business, we’re excited to bring this revolutionary business tool to our provincewide membership.”
BarterPay converts the value of traded goods and services into TRADEdollars® (at retail value) which allows the business owner to extract the actual things they need from the network versus trading directly one to one. In addition, BarterPay It Forward®, a separate charitable foundation, provides a unique opportunity for small businesses to contribute to community charities and create social impact with the TRADEdollars® they generate instead of having to dip into their precious cash. To date, over $2.8M in value has been donated to charities across Canada with the BarterPay It Forward® program.
“This partnership widens our capacity and brings a unique opportunity for OCC affiliate members to conduct smart business using barter,” says John Porter, BarterPay Founder and CEO. “Our user-friendly bartering system makes it easy for businesses of any size to barter their way to a better bottom line and deliver more impact in the community.”