BREAKING: Restaurants Canada is proud to partner with BarterPay to launch a grant program that will distribute $5,000,000 in value to independent restaurants across Ontario to help them recover from the Covid-19 pandemic. BarterPay is a social profit enterprise that helps businesses across Canada acquire the products and services they need without having to use cash.
“The restaurant industry is suffering tremendously right now,” said John Porter, Founder and CEO of BarterPay. “We want to do whatever we can to help them during this difficult time. Being able to obtain some things they need using their own gift cards as payment instead of cash is a big win. Now that we’re offering a grant as well, it makes it that much better.”
BarterPay helps Canadian businesses convert their unsold time and space and idle inventory, ‘spare capacity’, into Barter Credits™ at retail value. The Barter Credits™ can then be exchanged for other goods and services they need. This provides restaurants the ability to purchase supplies and services at their wholesale cost of goods rather than using cash during these trying times.