|
|
|
What is barter?
| What is a barter exchange? |
 |
A barter exchange provides a service to its network of members by acting as a facilitator and third party record-keeper for barter transactions between members on the bartering platform.
Members barter goods and services they have, for goods and services they need, without the use of cash.
What are the Costs of Joining and trading?
Joining Fee
Free as an Exhibitor Member
Trader - R89 per month or refer a few.
Transaction Fee
2% Cash Transaction Fee on Sales
- Payable in Cash
- Collected monthly by Debit order
3% Trade Transaction Fee on Purchases
- Payable in Trade Credits
- Deducted from your Æ
account at the time of the transaction
Our Vision
Our vision is to empower businesses in Africa through the re-introduction of barter as a form of transacting.
Why do businesses Barter?
The Department of Commerce says that barter and its various forms, account for about thirty percent of the worlds' total business. And the International Reciprocal Trade Association (IRTA) recently announced that U.S. barter transacted through commercial barter brokers now exceeds $8 billion annually. Over 250,000 U.S. businesses actively use organized barter.
How Today's Barter Industry Works
Modern barter is highly organized, high tech, communications driven industry. At the heart of the industry is the Trade Exchange, an association of business operators and professionals who have joined together to trade their surplus products and services. The exchange serves simultaneously as a market, a communications network, and a clearing house for transactions among its members, much like a bank.
Member businesses sell their goods and services to other members in exchange for Trade Credits which are valued at the equivalent of cash rand. With each transaction, Trade Credits are debited from the buyer's account and credited to the seller's account. The seller can then spend these Trade Credits with other exchange members.
|
|
|
