As business battle to get through the recession, more and more are turning to 3rd party exchange networks like Bartercard. More than 400,000 businesses transacted US$10 billion globally in 2008. Bartercard, the world’s largest exchange network, is leading the charge.
Bartercard’s bank-like system – which includes monthly statements and an interest-free line of credit – also provides security and accountability that informal bartering can’t. Members must pass a credit check and sign a contract pledging to deliver goods in a timely manner. In terms of barter rates, a service that costs $600 is equivalent to 600 trade pounds; members constantly police on another, ensuring that their advertised barter rates match the rates they charge the public.