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 pounds of it world-wide.Unsold appointment time, empty hotel rooms, unsold venue passes, unfilled...
Read more →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...
Read more →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. Transactions are recorded in a centralised “ledger”...
Read more →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.
Read more →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...
Read more →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...
Read more →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...
Read more →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...
Read more →A BBX credit is equal to a cash pound and should be accounted for in the same way.That said when purchasing something using BBX ask yourself what did it cost me to earn my BBX? Bearing in mind if you had not sold your spare capacity what...
Read more →The answer is no because when you spend BBX 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...
Read more →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?.
Read more →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...
Read more →For accounting and all other purposes one BBX credit 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...
Read more →The short answer is no. However in the following circumstances cash may make up part of the transaction. If the buyer has insufficient BBX in their account – the BBX platform will inform you of this. Real Estate Purchases. Firstly because the buyer may not have sufficient...
Read more →Your dedicated account manager has three primary roles: Promotes your spare capacity into the global BBX network. Saves cash in your business or improves your lifestyle by connecting you with suppliers of goods and services in the BBX network. Networks you with fellow business owners on...
Read more →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...
Read more →If you can accept a new customer without having to outsource, sub-contract or increase fixed costs then you have spare capacity.
Read more →Simply treat your BBX account as another account and include this on your accounting software and enter each transaction as a debit or credit accordingly.There are many accountants on the BBX platform that can help you with this.
Read more →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...
Read more →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...
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