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WHAT IS BARTER?
Barter is a dynamic growth industry for the present and beyond, an industry old as man and modern as the information highway. Over the past decade the barter industry's growth rate has been nothing short of phenomenal.
The Department of Commerce says that barter and it's 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 $7 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 dollars which are valued at the equivalent of cash dollars. With each transaction, trade dollars are debited from the buyer's account and credited to the seller's account. The seller can then spend these trade dollars with other exchange members.
Through association with a barter exchange, member businesses find new customers and earn trade dollars selling their surplus which they can find with other members for product and services.
Contact us today to become a member!
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