Just about anything that represents value, there is really no restriction and sales and purchases can either be for business or private consumption.
There are ten generic areas that account holders spend BBX:

• Regular business expenses eg. printing, vehicle maintenance, accounting, legal services, cleaning…
• Personal expenditure eg. dentist, optician, clothing, holidays, gifts, restaurants…
• Sponsorship, PR, Promotions, Advertising and Marketing (turn spare capacity into attracting more cash business)
• Training – all forms of self development for you the business owner or your staff eg. specialist training, sales training, manual handling…
• Staff incentives, bonuses, overtime, competitions, entertainment…
• Charity – many business owners support local and national charities by using BBX.
• Wealth creation – many global opportunities – see real estate.
• Networking eg. A sign company buys graphic services from a fellow BBX account holder enabling them now to provide a sign and design service to their customer base.
• Value Adding – instead of discounting, purchase a goods or service from a fellow BBX account holder eg. A car body shop instead of discounting buys towing services and offers tow and repair for its prevailing body repair price.

Unfortunately no. Not everything is available on the BBX platform although the range of goods and services increases almost daily. As a general rule fixed overheads such as PAYE salaries, rates and rent and core product items will generally not be available.For all goods and services that represent variable expenditure opportunities will be available. See ‘What goods and services can be bought and sold’ above.

We guarantee to bring you new business equal to your one-off account advertising, promotion and set-up subscription plus the annual card fee in your first 12 months or we will either refund it in how it was paid or offer you a further 12 months with no card fee – click here for full details.

Simply treat your BBX account as another bank account and include this on your accounting software and enter each transaction as a debit or credit accordingly.There are many accounts on the BBX platform that can help you with this.

If you can accept a new customer without having to outsource, sub-contract or increase fixed costs then you have spare capacity.

Inform your account manager and they will make a request to our new accounts department to source the good or services you are looking for. Alternatively you can help us help you by referring someone you may know who sells the required goods or services (not only do you in turn save cash but also you can earn extra income under the Ambassador Programme).

Your dedicated account manager has three primary roles:

1. Promotes your spare capacity into the global BBX network.
2. Saves cash in your business or improves your lifestyle by connecting you with suppliers of goods and services in the BBX network.
3. Networks you with fellow business owners on the platform and shares trading tips.

Your account manager does this by being in regular contact with you which could be either by phone or email depending on your preferred methods. As a bare minimum your account manager will talk to you via phone once a month. Some business owners prefer regular contact and want a phone call everyday to discuss what capacity is for sale and what opportunities are available to spend their credit on.

The short answer is no. However in the following circumstances cash may make up part of the transaction.

• If the buyer has insufficient BBX euros in their account – the BBX platform will inform you of this.
• Real Estate Purchases. Firstly because the buyer may not have sufficient funds and secondly the vendor may have a mortgage to pay off.
• When the buyer wishes to purchase at a wholesale price to offset a fixed cost overhead or a core product. For example a wine merchant supplying a restaurant wine at a wholesale price. The wholesale price might be €3 at a cost of €2.50 (due to import duties and distribution) to the wine merchant. The wine merchant would not be able to absorb these costs month in and month out so a blend of cash and BBX is negotiated. Your BBX account manager can guide you through this.
• If the seller is required to sub-contract part of a supply to a non-BBX account holder (the seller will inform the purchaser of this upfront). Notwithstanding if the seller wishes to mark-up the sub-contractors goods or services, then it should be on full BBX . An example would be a mechanic who fixes an engine but has to sub-contract work to provide body damage repair and has to pay this person in cash.
• Sometimes it may be uneconomical for the seller to BBX the whole transaction. For instance a hotelier (buyer) may want his whole hotel redecorating which will take a painter & decorator (seller) 3 months to complete. This could preclude the painter & decorator from doing any cash work during this time. Again your BBX account manager can guide you through any specific circumstances.

For accounting and all other purposes one BBX pound equals one pound sterling. If a transaction is currently taxable then in all probability it will be taxable if transacted using the trading platform. Conversely if you currently purchase a good or service where you get a tax deduction this will continue to be so when you pay by BBX.We advise all account holders to consult a properly qualified accountant (there are many available on the platform).

The simple answer is whatever you would normally charge or quote without discounting! However if you wish to discount that is usually not expected but feel free to do so if the circumstances warrant. Ask yourself “If I was buying from me would I be happy and recommend myself to a friend?”.

When you next have an opportunity without taking away a cash sale. Bear in mind do you want to build a good reputation and attract recommendations?.

The answer is no because when you spend your BBX euros with a VAT registered account holder you will receive a tax invoice allowing you to claim the VAT back in cash! Therefore offsetting the VAT obligation you incurred on the sale.We advise all account holders to consult a properly qualified accountant (there are many available on the platform).

A BBX pound is equal to a cash pound and should be accounted for in the same way.That said when purchasing something using BBXs ask yourself what did it cost me to earn my BBX? Bearing in mind if you had not sold your spare capacity what would you have now?

The DRF is put in place to protect the exchange and its account holders. Every account holder pays an annual card fee of €200 BBX and out of that payment €100 BBX is deposited into a dedicated DRF account. It is a fund which is ring fenced and only called upon to cover a bad debt left by an account holder. What this means is that if an account holder having borrowed BBX € using their interest free credit line facility subsequently defaults and BBX have done all they can to recover the debt but have been unsuccessful then BBX will draw on the Debt Reserve Fund to make good the outstanding debt. This means that provided an authorization is obtained at the point of sale there are no bad debts or accounts receivable ! The DRF is NOT available for consumer dispute resolution.

Exactly the same as if you were buying with cash, cheque or credit card. The law does not differentiate, and normal consumer protection laws safeguard buyers in respect to things such as warranty and faulty goods. The conduct of business through the BBX platform does not remove the normal risks associated with buying and selling, and normal precautions should be taken.

Not withstanding the money back guarantee there is no guarantee for the performance of the platform. That said our stated aim is to work together as a partnership to sell your spare capacity into the platform on an all good faith basis.As a guide our aim is to increase your turnover by up to 10% because that is what most businesses can handle before increasing fixed costs.

There are a number of options:

• Online – www.ebbx.com and logging into your account.
• Smart Phone – BBX are about to release an app that will allow you to transact on the go.
• Account Manager – You can call the BBX office and authorise your account manager to transfer the funds.

We own all our infrastructure including e-commerce systems and support tools. In addition we operate a cloud based system where every transaction is traceable.

BBX acts as a clearing house for the trade of excess capacities, goods and services through a combination of online e-commerce, transaction processing and independent licensees.Rather than promoting direct trade between participants BBX brokers trade through a global trade platform.

1. Transactions are recorded in a centralised “ledger” which records the value of the items purchased (debit) and sold (credit) – much like a clearinghouse does for stocks, or a commercial bank does for cheques.
2. This ledger system utilises a “BBX pound” as a method of accounting:1 BBX Pound = €1.
3. Just like a brokerage firm, BBX receives a commission on each transaction.

There is no contract period or restrictions on closing. However if your account is in deficit you would be required to settle this amount by offering your products or services back into the network to settle the account. If your account is in credit you simply spend the credit down to zero by buying goods and services from fellow BBX account holders.

Spare Capacity is the ability to take on more business without increasing fixed cost.Spare capacity is also known as “downtime, excess inventory, unproductive/unsold assets or deal capital” and there is an estimated €5 trillion of it world-wide.Unsold appointment time, empty hotel rooms, unsold venue passes, unfilled advertising space, rapidly depreciating stock, end-of-line items or oversupplied products all represent lost revenue which otherwise will never be recovered.It is BBX’s mission to transform this otherwise lost profit into new income and investments for corporations, companies and SME’s.

The simple answer is that there is no direct mechanism to turn BBX into cash however there are many creative ways of creating cash by using BBX to do so.For example:

• Value add – a printing company buys graphic services using BBXs and sells a print & design package to it’s cash customers
• Spend BBX to advertise your products and services to create cash sales.
• Spend BBX on expenses you would otherwise spend cash, therefore leaving the cash in your bank.
• Purchase bulk stock using BBX to resell in your shops or through other markets.
• Take part of your salary/directors drawings in BBX to pay for holidays, restaurants and other personal items that you otherwise would have spent cash on.

Here at BBX we like to be transparent about our fees, so please find below a full explanation of these – please keep this safe as a future reference point.1. BBX Account FeeThe account fee, goes from €0 up to €4,497 + VAT and determines the level of ‘sales success fees’ you pay and the amount of BBX credit that will be available to you.

Details of our account options can be seen here.

2. Annual Card Fee

This pays to keep your BBX account open for 12 months.

€200 + VAT Cash
€100 + VAT BBX

Plus T€100 BBX Debt Reserve Fund – which has already come off your BBX account balance. The Debt Reserve Fund protects BBX clients from bad debt on the exchange. All BBX clients pay into this once a year and all systems like ours around the world have to have this in place. If you would like me to explain in detail how it works, please let me know.

3. Sales Success Fee

This is charged as a percentage of the value of any new sales, you receive, as a member of the BBX Community – this is charged at the point of any sales transaction taking place:

BRONZE – 15% + VAT in Cash
SILVER – 13% + VAT in Cash + 1% + VAT in BBX euros
GOLD – 10% + VAT in Cash + 1% + VAT in BBX euros
BLACK – 6.5% + VAT in Cash

That is it. There are no other charges on the account.