Frequently Asked Questions

On this page you will find the answers to some of the most common questions we receive after giving a presentation about the company and how yewtrade works. If you do not see your question here then please feel free to contact us to speak to one of our team or submit your own question. We will endeavour to answer questions as quickly as possible.

List of Questions

Trade is simply the exchange of goods and services.
Spare capacity is the ability to take on extra business without increasing your Fixed Costs. If it is not used, you can never get it back. Some examples of spare capacity are surplus stock, unsold advertising, unfilled appointments, and empty restaurant tables or hotel rooms.
Trading is a marketing tool. By joining the yewtrade, you have acquired a number of businesses, and individuals working for those businesses, who are financially incentivised to become your customer rather than your competitor. You can pay for business expenses using yewtrade Pounds consequently conserving cash in your business. Any goods or services you purchase are acquired at a discount equivalent to your gross profit margin.
If you have a business that sells widgets for £10 and the cost of a sale is £3. If you decide to pay for something on trade costing 100 trade pounds, then because you will receive 10 trade pounds for each widget you need to sell 10 widgets on trade at a total cost to you of £30. Remember, this is EXTRA business you wouldn’t have otherwise had. In all likelihood, the customer buying the widgets from you would have bought the widgets from one of your competitors and has only chosen to buy them from you because you are a member and he is able to buy from you using his trade pounds – also receiving a discount. This means you can pay your cleaning bill with that EXTRA business that cost you £30. So, you effectively got your office cleaned at a £70 discount as it only cost you £30 to get £100 worth of cleaning. If this is still not clear then please speak to one of our advisors who can explain this in several ways. One of which, you will get.
You can sell the goods and services your business usually sells. The only difference is that you will receive trade pounds instead of pounds sterling.
Yes you can set up a linked account for yourself and any employees you may have. You can transfer trade pounds to the linked accounts from your business. These transfers will attract the usual transaction fee. However, all purchases made by the linked account holder will have no transaction fee. So you can use trade pounds to pay for holidays, restaurants, clothes etc. all at a discount. You probably wouldn’t bother giving your employees a £20 bonus, but you could give them 100 trade pounds that only cost you £20 (depending on what your gross profit margin happens to be). They could then spend these on a meal for their family at a participating restaurant, for example. Result – happier employees who feel more valued as you have given them a bonus.
Yes, it is your business and so how much trading you do is entirely up to you.
Your account manager will work with you to either sign up your suppliers or will find alternative options.
Yes, we will be holding regular networking events for members. These will be advertised on the website.
The yewtrade Network is the collection of businesses that have signed up as members of the exchange. It allows businesses to sell their goods and services to other members to allow them to improve their cashflow and increase their sales and profits.
Your account manager will perform many roles effectively be your agent for both sales and purchases. Your Account Manager will: - Educate you on trading and the many ways it can be used for your benefit. - Promote your business - Send you new customers - Assist you in finding what you need within the network and if it is not possible will prioritise trying to sign up a member that can supply you with the goods or service you are looking for.
If the exchange is sold, normal trading will continue.
Please see the clause in the Terms and Conditions (37. Dissolution). In summary, since trading is a zero-sum game, all the businesses with a negative balance will pay the cash equivalent into a fund that will then be distributed on a pro-rata basis to all the businesses with a positive balance.
yewtrade will maintain an account called the Debt Reserve Fund on behalf of all members for the purpose of offsetting yewtrade pounds for account holders who are unable to meet their obligations for reasons such as insolvency. The purpose of this account is to ensure that the sum of negative balances is the same as the sum of positive balances. When a member leaves the exchange with a positive balance then the excess trade pounds will be deposited in the Debt Reserve Fund.
The fact that transactions are conducted through the yewtrade trading platform does not affect the rights or warranties imposed under common or statute law between the purchaser and seller of the goods and services traded. The purchaser’s right to make a claim against a seller under the laws relating to contracts, the sale of goods, consumer protection, fair trading, trade practices, product liability, negligence and fraud is not affected because the transaction was conducted using trade.
Trading doesn’t affect taxation and is accounted for in the same way as a cash transaction. This means you can claim the tax back on purchases made.
Our yewtrade account managers are experienced professionals in all aspects of trade and will work with you. We offer a risk free guarantee where we guarantee that your company will have new customers, your cashflow will be improved and your profits will increase or we will refund any fees.
You can join by speaking to one of our account advisors or just fill out the registration form on the website and we will contact you to complete the signing on process.
Yes, you can close your account at any time by giving us 30 days’ notice in writing (Email is acceptable). If your balance is positive, you have 30 days to either spend the excess trade pounds or you will lose the ability to use them. If your balance is negative then you have 30 days to trade out of the negative balance or it will be converted into cash and you will owe that outstanding amount to the exchange.

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