Businesses Embracing Barter System to Manage Expenses

Businesses in Louisiana and beyond are embracing a new way to save money and utilize their resources through a unique barter system called Moxey. This innovative payment method allows small businesses to trade their products or services with other businesses within the Moxey network.

Imagine owning a restaurant and needing a new sign for your establishment. Instead of spending cash, you can offer your unused furniture and search for sign companies that accept Moxey payments. These transactions don’t have to be direct trades; you can offer your goods or services to one business, receive Moxey credits, and then use those credits to purchase from another business in the network.

Moxey’s Founder and CEO, Charlie Davis, describes the system as a “giant family” where money stays within the community. By prioritizing transactions with Moxey businesses, owners can build a loyal customer base within their local area.

With over 3,000 businesses already on board, Moxey is gaining traction in Louisiana and beyond. The platform allows businesses to connect with others in their area, offering and receiving goods and services in a tax-compliant manner. Additionally, Moxey provides interest-free lines of credit to new members, further enhancing the benefits of this barter system.

In a time where costs are soaring, Moxey offers a creative solution for businesses to control expenses effectively. By partnering with other businesses to trade or offer discounted rates on products and services, entrepreneurs can navigate the current economic challenges with ease.