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.com member, you'll receive a barter card very similar to a credit card that is accepted throughout our network. The sale of products and services is done through our secure online application or as easy as the swipe of a card.
A trade transaction is similar to a credit/debit card transaction. bartertech.com members earn trade dollars for goods and services they sell and this value is recorded electronically in the member’s account. A transaction fee is charged to the purchasing member which is paid from their "cash barter account". A member's cash barter account can also be managed through our online application. The account must maintain a positive balance but there is no minimum amount to deposit.
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.