What are the advantages of a trade network?
Being a part of a trade network allows for a secure way of doing trade transactions. The trade network acts as a record keeper to provide real-time 24/7 secure electronic transaction processing as well as monthly statements that detail all trades, sales and a current trade balance. Additionally, being part of a network eliminates the need for direct trade. Instead of trading directly with the company that may purchase your goods or use your services, you are able to trade with any other business in the network using trade dollars.
What types of companies are in the barter network?
We have both personal and business services available. As well as professional services, dining options and entertainment. We constantly strive to add new businesses that will benefit every member of the network.
What does it cost to join and be a part of the network?
There is an initial investment to join our barter network. There are nominal monthly administrative and transaction fees that apply. Contact our office for full details.
Does my business qualify for a line of credit?
We want you to be able to take advantage of all that our network has to offer even before you make your first sale through the network. We are confident in the businesses that we partner with and confident in our broker’s ability to help your business grow. That is why we issue most companies a line of credit to get started right away. Contact our office so we can tell you what you qualify for.
How do I price my product or service in the network?
As per our membership guidelines, all members will price their products and services at the same cash prices as quoted to cash paying customers. Business owners are discerning shoppers and appreciate other businesses that operate with integrity. Trade is in fact currency, like the US dollar, it is just in another form.
What are the tax implications of bartering?
Barter and trade dollars are the same as US dollars for tax reporting purposes. As the record keeper the barter exchange will issue all members a form 1099B annually detailing all proceeds from trade transactions. This form is to be filed with the IRS yearly. Purchases that are normally tax deductible as cash purchases are also tax deductible if purchased on trade.
Access our online sign-up form here or contact us for more information.