How does Hudson Barter Exchange make money?
A. There is a 7% cash transaction fee on sales and purchases. This represents a fee for generating new business for clients of our exchange network. Trade business provided is NEW business from NEW clients over and above your standard cash clients. Most business owners feel justified in paying a small percentage to acquire new business. This fee is Hudson Barter Exchange’s main cash producing vehicle, necessary to keep the exchange operating on a financially responsible basis. A reduced rate of 6% is available to clients who select automatic monthly credit card payment for fees due on their HBX statement. [ 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 barter work within Hudson Barter Exchange?
- Why join Hudson Barter Exchange?
