How does barter work through Exchange Enterprises?
All members have individual accounts managed by The Exchange. Each account is provided with a debit card bearing that account’s name and number. Transactions are handled similarly to the way they are when you use your bank debit card. When the member makes a purchase, the seller phones The Exchange for approval and that amount is then debited from the buyer’s account and transferred to the seller’s account. At the end of each month every member receives an itemized statement showing sales, purchases and account balances. For more details, click on: How EE Barter Works or contact us.
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?
- What makes Structured Exchange Express different form the barter section of Craigslist?
