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Frequently Asked Questions

Q :      What is Barter?
A :     The barter system is the most primitive form of economic exchange. The first trades might have been water for grain. As exchange got more complex, people started to use some type of currency as a representation of value.

Q :     Who Barters?
A :     You might be surprised. It is estimated that the Barter and Trade Industry will hit over £20 Billion. From neighborhoods to large corporations barter and trade is happening every day. People and Businesses may not always have cash on hand, but they do have services they can provide or products in stock. Barter has been around for centuries and will always exist as long people want to trade.

Q :      Why Barter?
A :     Bartering and Trading is a great way to utilise excess capacity whether that is time, goods or unused products. People tend to always trade for items of value which creates a win-win situation for all parties. Think bartering isn’t for you? Here are a few things that bartering can help you do: Exchange unused/unwanted items, save cash, reduce expenses, utilize skills and ability, and gain new customers/trade partners.

Q :      What is BarterMyTime?
A :     Is a match making service that connects what people have for what they want to trade for. Most people don’t even look to trade because of the pain and hassle of finding something you’d like to trade for and also finding someone who wants what you have. BarterMyTime does that for you in an easy-to-use, time-saving way, thus enabling more trade possibilities.

Q :      How BarterMyTime works?
A :     Simply register online to get started. This service is free. Post the items or services you have to offer and then select the products or services you would be willing to consider for trades. If you are not sure what you would like to trade for you can leave it open to trade options where other traders may offer you what they have. This can give you the opportunity to receive trade options that you may not have considered. Have fun with it. We will send you trade matches and you simply select \"Yes\" or \"No\" if you are interested in trading. Communications will be available to negotiate or arrange exchange specifics. After you have accepted the trade you will be charged a per trade fee of £???? for personal accounts and £???? for Business accounts. You can also join to be a member for £????/Month for Personal accounts and £????/month for Businesses. All that’s left is for you to leave feedback regarding your exchange.

Q :      How is BarterMyTime different from other Barter sites?
A :     We find trade matches for you. You simply tell us what you have and what you want and we send you matches that can be easily accepted or declined. You don’t pay a cent until you have the perfect match. There are no upfront registration fees. No percentage fees per trade. BarterMyTime doesn’t use trade credits which most other barter sites do. We simply match traders together.

Q :     How do I get started?
A :     Simply register on our website, register your products or services then sit back while we find the matches for you.

Q :      Do I need to report my trades/barters for tax purposes?
A :     Possibly. Please contact your tax accountant for specifics.

Q :     Once I submit a final acceptance for a trade, am I legally bound to perform a trade?
A :     BarterMyTime will not enforce any trade, as we are simply a matchmaking service.

 


Trevor Written on Monday, 01 February 2010 21:52 by Trevor

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