What is a Barter Exchange?

Why Barter?
Barter is hot. One-third of all members of the New York Stock Exchange use barter to trade their goods and/or services. And, all major television stations have already reported that Barter Exchanges are seeing a significant increase in membership. Many small businesses see the value of barter in this economy, but until now, Wilmington area has not had a local Barter Exchange. With Cape Fear Barter, our community joins many other larger cities that already leverage local resources to weather a financial storm.

What is a Barter Exchange?
A Barter Exchange consists of a group of members who trade goods and services with each other according to guidelines established by the Exchange. These guidelines help create a stable exchange where barter takes place on an even playing field. The barter exchange framework does not limit members to direct trades; multiple transactions can take place at different times. Simply, put, members can trade with other members for what they need, when they need it.

Cape Fear Barter How Does a Barter Exchange Work?
A barter exchange like Cape Fear Barter is designed for business-to-business transactions only. Membership is limited so that the exchange functions effectively. (for instance, if ½ the members were landscapers, they wouldn’t individually generate enough business to make the exchange worth it and the remaining members would not have the variety of goods / services that they actually need. ) The barter exchange provides rules, guidelines, technology, and reporting to create a safe, fair, and legally-approved platform for bartering. Cape Fear Barter will provide a daily accounting of trades and balances as well as year-end audit reports for owners and agencies like the IRS.

Members pay annual dues plus a small commission on each barter transaction. The barter exchange has its own economy; you pay and get paid in Barter Dollars which can be used with any member within the barter exchange.

Should All Businesses Barter?
No. Bartering is good for businesses that have extra capacity or extra inventory Bartering is not good for businesses with low-margin retail products such as electronics. It is also not good for businesses that are full to capacity with customers.

International Reciprocal Trade Association
Cape Fear Barter Exchange is governed by the principles of IRTA.

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