How does barter work within Hudson Barter Exchange?
A. Clients of Hudson Barter Exchange use Barter Dollars instead of cash to handle their transactions. For example, if a client sells $1000 worth of products to another client, they will receive $1000 in HBX Barter Dollars credited to their Hudson Barter Exchange trade account. These Barter Dollars can then be used to purchase from the other trading clients within the HBX network. Hudson Barter Exchange is a third-party record keeper, providing monthly statements to clients, which reflect their purchases, sales, fees and current barter balance. [ back to top ] Q.
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?
- How does Hudson Barter Exchange make money?
- Why join Hudson Barter Exchange?
