How does barter work?
Members of the BarterPX Group use trade credits instead of cash to do business together. If a member trades $1,000 of goods and services to another trade member, that member will receive $1,000 in trade credit, which you use to purchase a variety of goods and services from other members of the BarterPX Group. Hotel rooms, resorts, restaurants, advertising, printing and many other goods and services you acquire with trade credits. BarterPX is a third party record keeper that sends monthly statements to each member reflecting their purchases, sales and current balance.
Related Questions
- Form 1099-B, Proceeds from Broker and Barter Exchange Transactions will be mailed to shareholders who have sold any of their fund shares during the year. (See the answer to the question: Why did I receive Form 1099-B, and where do I report the information?
- What are the benefits of launching my own trade exchange with The Barter Trainer Program?
- Why should a company consider barter for their company?
