HOW TRANSACTIONS WORK
It’s very important to understand how transactions work within the SAATCHINET so you can get the most out of being a member in the Largest Barter Exchange Network in the world.
Below are the 5 STEPS to every transaction that takes place under SAATCHINET.
STEP 1:
BUSINESS A is a Real Estate Agent and he needs someone to design brochures, business cards, and other marketing materials for him. He talks to BUSINESS B which is a Branding, Web, and Graphic Design Business within the NETWORK. BUSINESS A asks BUSINESS B to provide him with a price quote on the design work he needs.
STEP 2:
BUSINESS B provides a price quote of $1000 – which is what his standard pricing for this kind of work outside the Network as well. They don’t increase, or decrease their pricing. BUSINESS A agrees to the quote based on the quality of work BUSINESS B can produce, so he approves the bid and agrees to move forward.
STEP 3:
BUSINESS A contacts SAATCHINET to inform them of an approved transaction for $1000 with BUSINESS B. SAATCHINET prepares the check to BUSINESS B on behalf of BUSINESS A and BUSINESS A signs it. Transaction COMPLETE!
STEP 4:
BUSINESS A will now get high-quality work from BUSINESS B through barter. However, to finalize this transaction, both BUSINESS A and BUSINESS B will pay $100 (10% of the transaction each) to the SAATCHINET for this transaction. This money is necessary to keep the NETWORK alive and functioning.
STEP 5:
Once their transaction is complete, $1000 Barter Dollars will be taken from BUSINESS A’s account and moved into BUSINESS B’s account. With the Barter Dollars each business accumulates, they can use these credits to purchase anything they wish through the Network.
