Contact Name: Scott Kennedy & Stuart Leopold

Tel: 0800 014 1708

Email: info@satachitrade.com

Web: www.satachitrade.com

How Satachi Works

Selling

Making a Satachi sale is no different from a cash or credit card sale except for the form of payment. If you are a business that takes payment at point of sale, all you have to do is go into your Satachi account online and debit the card or call the 24/7 authorisation line for immediate clearance of funds into your account. If you sell on invoice, the buyer can transfer the Satachi Pounds on receipt of your invoice online.

Satachi helps build your business by bringing you the customers and clients you would like to do business with but currently don’t.

Simply accept you new customer’s Satachi card as payment

Each Satachi member works closely with an assigned Trade Coordinator. Our Trade Coordinators specialise in specific industries and understand the needs and requirements of each member business. They constantly assess member needs and monitor the supply and demand of products and services to create multiple opportunities for sales.

Your Satachi Trade Coordinator will effectively market your products and services to other members using:

• Trade Coordinator Relationship
• Exclusive Member Website
• Weekly e-Mail Broadcasting
• Printed Directory

A prospective customer is more likely buy from a Satachi member than spend cash with a competitor. Once a customer or client is identified and it’s time to make the sale, you simply accept your new customer’s Satachi card as payment. The Satachi Pounds will immediately be transferred into your account for you to purchase products and services from another member.

Buying

Making a purchase with your Satachi card is easy.

Firstly, identify the business and personal cash expenditure you would like to offset with Satachi.

Next, find suppliers through Satachi using the online member directory or by contacting your Trade Coordinator.

Then, pay for the product or service using your Satachi card or online payment system.

SIMPLE!

Accounting

Receiving Monthly Statements
Satachi acts as a third-party record keeper, just like a traditional bank. Each month members receive a statement detailing recent transactions, current balance and an invoice for all sterling fees due. All transactions are recorded in accordance with trading procedures, policies, rules of Satachi and the Inland Revenue.

Accounting for Trade Transactions
In accordance with general accounting procedures, all trade sales and purchases must me recorded in your accounts. The member creates an additional bank account in their general ledger to record all Satachi Pound transactions.

HM Revenue & Customs and VAT
HM Revenue & Customs and VAT treat Satachi Pounds the same as sterling. All trade transaction must be included into your accounts and VAT returns.

Here’s an example of a Satachi Trade

Satachi Trade Bank creates new business and saves cash for members because buyers are motivated to pay with their products or services and save cash. For example if a Satachi Restaurant member wanted to get £500 worth of colour printing done, they would contact a Satachi printing member. The Printer may not necessarily want £500 worth of the Restaurants food and drink, so the Printers account would be credited with £500 and the Restaurants account would be debited £500.

The Printer can use his £500 worth of Satachi Pounds to pay for different services including marketing, public relations services, vehicle servicing or even a weekend at a hotel, what ever he chooses to use at any time.