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FAQ's
We get it — Moxey’s a little different from your usual way of doing business. That’s why we’ve put together some quick answers to the questions we hear the most, so you can get the hang of Moxey and start trading with confidence.
You'll grow your company. Using Moxey attracts new customers and improves your cash flow. Business is a team sport. Stop trying to do it on your own.
One Moxey is equal to one US dollar. The price you pay in Moxey is the same price you pay if you used any other form of payment. This is a key part of keeping the system fair, simple, and fun to use.
It's best to have both. Moxey is ideal when you're selling excess capacity and spare inventory. We want to add to your current sales - not replace your existing cash paying customers. Moxey paying customers are much better than missing out on a sale.
There are indirect benefits too: When you provide great customer service and quality products, Moxey business provides the referrals toward cash paying customers.
Also, since you can use your Moxey dollars to spend on things you would normally have to purchase with cash, what's not to like about receiving Moxey?
The IRS has regulated non-cash transactions based on barter the same since the 1980's. The key requirement is to treat Moxey revenue and expenses the same way you treat cash revenue and expenses. You'll get a 1099-B at the end of the year (the "B" stands for barter and broker). *Legal Disclaimer: This is not tax advice, check with your advisor for specific guidance.
Absolutely. It's one of the best-kept business secrets in the country.
When you join your starting balance will be 0. When you make a sale, you can use the Moxey you earn to make a purchase from anyone else in the network. Even better, we offer an interest free purchase allowance. This means that before your first sale you can make a purchase based upon your FUTURE SALES. That's the power of Moxey.
Every time you make a purchase, a small transaction fee is incurred. This fee can vary depending upon the area in which you are located. Consider this fee a sales commission back to Moxey for the new business we bring you.
The Moxey network is as diverse as main street - from painters and plumbers, to plastic surgeons, and printers. Here are a few of the most common businesses.
Most, but not all. Moxey is not yet a good fit for financial services, insurance companies, banks, mortgage lenders, or other businesses with a high costs of goods sold.