Frequently Asked Questions

Barter is a way of conducting business without the use of cash. There are currently over 500 Barter Exchanges connecting hundreds of thousands of small and mid-sized businesses across the U.S. Become a member of Barter It and join a network of savvy business owners who have already realized amazing benefits!

Clients of Barter It use Barter Dollars, instead of cash to handle their transactions. For example, if Member A sells $1000 worth of products to Member B, then Member A receives 1,000 in Barter Dollars credited to their Barter It account. These Barter Dollars can be used to purchase from other members of the Barter It network. Barter It is a third-party facilitator, providing monthly statements to members which reflect their purchases, sales, fees, and current trade dollar balance.

Many businesses are already bartering with other companies. There are several problems with one-on-one trading.

• Each business owner must need exactly what the other has to offer.
• Record Keeping can be burdensome.
• It is a challenge to make sure that the trades are equitable.
• Finding a willing trade partner who has what you need takes time out of your busy day.

Through the Barter It network, a member can accept a sale from a member even if they do not need the other party’s goods or services. This is because they can use the barter earned at any establishment within our network.  For example:  A printer sells printing to the CPA.  He does not need the services of this CPA.  He then may choose to spend his dollars on advertising.

1. New / Increased Sales: Barter provides you with new clients and allows you to expand your market beyond your cash-paying accounts. Barter members also refer you to cash-paying friends and family.
2. Conserve Cash: Barter also helps in conserving cash. Rather than spending cash to purchase goods and services, barter your goods and services to pay for what you need. Thus, more cash stays within your business, providing increased cash flow.
3. Move Excess Inventory / Production: Barter puts idle resources to work. Excess time, inventory, and capacity are converted into profit. Pay for what you need with the products and services you offer.
4. Easy Accounting / No Bad Debt: Barter It acts as a bank protecting you from having to invoice and spend your resources trying to collect bad debts. You can log into your account anytime and see your real-time transactions and balance.
5. Improved Lifestyle: With the barter you earn, treat yourself to a Massage, Dinner and Theatre, Limo Service and so much more that you may not purchase otherwise.

Contact us to learn about creative ways to use your barter and other advantages we can offer to you…

There is a small, one-time membership investment to establish your business account with a 90-day money-back trial period. Transaction and modest monthly fees cover accounting, marketing, promotions and member services.

Try us for 90 days! If, after your trial period, you do not believe the Network is right for your business, we will refund your initial membership fee. To qualify, you must actively trade and accept business we send your way during the trial period. If there are any fees or negative trade balance outstanding, you must be paid up and a member in good standing, to receive your refund.

Don't limit yourself to worrying about one or two large one-time purchases. Look at your business checkbook for the last 12 months as a memory aid. Think, too, of your personal needs. If you regularly take cash out of your company for living expenses like travel, home improvements, etc., replace those cash expenses with barter. Use your barter income and save your cash.

Yes. Barter provides limitless opportunities. Here are just a few creative ones:

Employees: Use your barter to offer employee incentives, benefits, bonuses, and perks.

Pay Bills: Use your barter to pay outstanding cash bills. If you owe a vendor money for a product or service that you just don't have enough cash to pay - talk to them about barter with Barter It. If they become part of our network and you have a trade balance to cover the amount owed to them - then you can immediately pay them.

Collect Past Due Receivables: Businesses that are unable to pay money they owe you would probably be very willing to pay you with their product or service. You may not need these offerings directly. Contact us with the specifics. If they join our network, we will work to move their products and pay you the barter for the dollars they owe you. Alternately, we can process the transaction through your Barter It account, and credit your account when the products or services have been sold.

Earn Barter Dollars for Referrals: Barter It appreciates each and every referral. That’s a main source of how we grow our network. We offer $200 Barter for every referral who joins and trades through Barter It.

Barter It provides each member with a $500 Barter no-interest Credit Line. If you need more, we will work to promote your company so that the barter is available for you.

There are no tax advantages or disadvantages to barter. Barter income is the same as cash income for tax purposes. Trading should be considered a marketing tool, not a tax tool. As with cash income, however, trade purchases that are business related are also tax deductible.

At the end of the year, Barter It totals your barter sales and submits this information to the IRS on the form 1099B. You are also mailed a copy of this form for your records.

Essentially, the market determines pricing just as it would for cash. The seller is expected to trade their goods and services at their prevailing prices. By accepting or rejecting prices, Barter It members are ultimately the determining authority in the pricing integrity. Barter It Brokers keep in constant contact with Members to monitor fair trading policies.

Barter Transactions are 100% trade. If exceptions need to be made, then they need to be approved by Barter It. If you encounter vendors requesting cash on transactions, notify Barter It immediately.

Simply go to the Join Us section of this website. There you can complete a Membership Form and read our Application Agreement Contract and our General Trading Policies and Procedures. A member of our staff will contact you to discuss the full details of our barter program. We will then assist you in getting the most from your barter account.