Barter is simply the exchange of goods and services (not haggling for prices). A direct barter deal between two businesses, for example, would be “Company A” providing goods to “Company B” in exchange for an equivalent amount of Company B’s services.
However, while these direct barter deals are effective, in the modern world they lack flexibility which limits how often they may occur. The challenge with the direct, one-to-one bartering model is that you might want something that one business has but they may not directly want what you have.
By creating a network of members and a currency of “trade dollars” the model now becomes one-to-many and you may now barter with other members with confidence. Business owners love bartering because it saves cash – the profit margin built into goods and services sold allow for more purchasing power. In addition, bartering moves excess inventory and fills up downtime or spare capacity.
As a Bartertech member, you'll receive a barter card similar to a credit/debit card that is accepted throughout our trade network. The sale of products and services is transacted through our secure online application or with a swipe of your barter card.
A trade transaction is similar to a credit/debit card transaction. Bartertech members are paid trade dollars for goods and services they offer through our network and the value is recorded electronically in the member’s account.
After the transaction the member can now spend the barter dollars from the sale of their product or services and use their barter dollars to buy any products or services offered from our entire membership. This allows the members to accept trades from one member and use the payment to buy from other members.
A small fee is charged for each barter transaction between any two members which is paid from their "cash barter account" (also known as CBA). A member's cash barter account can also be managed through their online barter account that records each transaction just like your checking account with a bank.
We are building a network of allied businesses who refer each other exclusively. If you are like most businesses you get a huge percentage of your business from your own customers who told others about you.
Our approach is to seek out businesses to include in our referral network who conduct business the same way you do with honesty and integrity. We want our members to be able to refer anyone in our network knowing that your friends, family and business associates will be well taken care of by our allied businesses.
Rapidly becoming unaffordable for many small businesses. Gain an excellent opportunity to cut costs while offering employees more! Here are some ideas.
The price you quote to bartertech.com members is the same price you would quote to a cash paying client. Bartering is simply another method of payment, just like cash or a credit card.
Just like a bank, we offer interest-free lines of credit. Contact our office to get set up. Use bartertech.com to expand your business or form a new business venture when traditional funding is not available!
Barter transactions are assessable and deductible for income tax purposes to the same extent as other cash or credit transactions. The IRS considers one Trade Dollar (T$1) equal to one United States dollar (US$1). When an entity that is a member of a trade exchange makes a taxable supply to another member there is a tax liability. The consideration paid for supplies between members of a trade exchange is the debiting of the recipient’s account and the consideration received is the crediting of the supplier’s account. bartertech.com is required by the IRS to issue a 1099B at the end of each tax year to members participating in the program.