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Look no further! You've found the solution right here! Equity Trade Exchange ® is an internet based, business-to-business barter exchange designed to help savvy business owners broker their own trade transactions, and save substantially over the cash fees charged by traditional barter exchanges. FAQ - Frequently Asked Questions How does barter work? When your business joins Equity Trade Exchange ® we open your trade account. It works like a checking account for your trade transactions. Other member businesses seek you out because you trade. You provide them a product or service from your business just as you do for your cash customers. You get paid, just like you normally do. And, you get paid in trade dollars which you can spend just like cash with any other member of Equity Trade Exchange. Why do businesses barter? Businesses barter to increase sales and conserve cash. Barter sales represent new business and additional sales revenue. Every time you spend your trade dollars on something you would have purchased with cash, that cash stays in your business adding to your bottom line profit and cash. Who Should Join? Almost any business can benefit from barter! But, businesses with a low cost of serving each additional customer benefit most. For Example: a hotel owner has large fixed expenses for property, staff and utilities, but almost no additional expense for putting someone in an empty room. Why Equity Trade Exchange ® rather than any other online bartering service? Because the ability to broker your own account gives you complete control over your trading activity! And, the low fees keeps cash in your pocket and contributes to your bottom line. Our goal is to make your business more profitable through the benefits of trading online and low cash fees. What about taxes? For tax purposes barter transactions are treated just like cash. That means they are reported as income and normally deductible business expenses are deductible. Consult your accountant for the tax implications for your business. A trade exchange is treated as a third party record keeper by the IRS, so a 1099 will be issued for all member businesses at the end of the year. Can I spend trade dollars for personal expenses? Certainly, heres a simple example: a haircut, normally a personal expense for a business owner. What normally happens? Your company pays you $10, in cash, which has tax implications for you. You then pay the barber $10. Net result: the company has $10 less cash, you have a haircut and the barber has $10 cash. Now you join a barter exchange and it brings you new revenue. The company pays you $10, in trade dollars, with the same tax implications, and you pay the barber $10 in trade dollars. Net result: Barber has $10, in trade dollars, and a new customer, you have a haircut and the company has $10, in cash, a win/win for everyone. How much does it cost to join? Joining Equity Trade Exchange ® is very inexpensive. There is a one time set up fee of only US$ 495.00 cash. Once we have received this payment, you will be eligable to trade. Then you pay a monthly membership fee of $10 cash and $10 trade. When a trade is completed, a transaction fee is assessed to the buyer and also to the seller. Discounts are available on fees - see TRADE RULES for complete description. How can I become a member? Joining is easy. Click on the JOIN button and follow the simple instructions. Once your credit card clears for the setup fee, then you may conduct any trade. You may look around until you get email letting you know you are setup. May I ask part cash part trade? No, we ask all members to trade what ever they do trade at 100%. There are a few simple exceptions: fees paid to third parties such as sales tax, filing fees, etc may be passed through without any markup and are paid by the buyer in cash. If a single transaction is more than $5,000 then the first $5,000 must be in trade and anything over $5,000 may be negotiated between the buyer and seller. It may be all trade or part cash part trade as the buyer and seller can agree on. What do you mean by co-op? Equity Trade Exchange ® offers a co-op reimbursement program for client advertising. By advertising with our media clients and including in that advertising that you accept Equity Trade Exchange trade dollars, clients may be reimbursed 50% of their advertising cost up to $1000 per month. To qualify, client accounts must be.in good standing, the ad must be paid in trade dollars and the ad must include our co-op advertising logo. All requests up to $1000 per month will be considered and we will reimburse up to $500 per month provided all provisions are met. The logo must be a minimum of .5 " x 1" size. Copies of the ad and the payment must be submitted along with your Co-op reimbursement request to the administrative office within 60 days of publication. What about a faxed signature? A faxed signature is considered to be valid by Equity Trade Exchange and will be accepted as if it were an original signature. What if I do not have enough Equity Trade Exchange ® dollars to complete a purchase? You may apply for a credit line from Equity Trade Exchange ®. Credit lines will be granted based on demonstrated ability to generate and repay trade credits borrowed. Any credit line must be repaid each month by 20% of the amount borrowed . Credit lines will normally be reduced each month by 20% percent of the amount borrowed, unless otherwise stated, and if this places you in a deficit position (i.e. you exceed your credit line) the amount in excess of your credit line will be charged to your credit card. How may I track my transactions? Equity Trade Exchange ® provides its members with a statement that will display all activity including account balances and fees owed for that month. All statements may be viewed online 24 hours a day. Can I display a picture with my listing? Pictures or images may be added to a trade floor listing by following the simple instructions in edit ad area. How can I find goods and services in which I might be interested in acquiring? You can browse the member ads or do a directory search using keywords. Who is my broker? Equity Trade Exchange ® is designed to allow and encourage clients to broker their trade transactions without the need for or intervention of a trade broker. This is how we are able to offer you such low cash transaction fees. |
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