What Is a Barter Economy?

Barter transactions are direct exchanges of goods or services of the same value or basic equivalent value between buyers and sellers, which do not involve the receipt and payment of cash or the involvement of a third party. When bartering, the parties to the sale and purchase use a barter contract to determine the value of the goods to be traded, as well as the types, specifications, and quantities of the goods or services in exchange. In order to reduce the impact of the possible price fluctuations of the traded goods and exchanged goods and services, the general barter is a one-time transaction and the contract performance period is short.

Barter

Modern barter is a new barter method developed on the basis of traditional barter, with online transactions and electronic settlement as the main features, which can realize "multilateral" barter transactions. to be exact,

B2B refers to the business-to-business transaction. As the name implies, it is the exchange of goods and services between businesses without cash!

1. Increase sales;

IRTA (International Swap Trade Association) was established on August 31, 1979, with the purpose of cultivating and developing the common interests of the business barter industry in the United States and the world.

NATE (National Barter Association) is currently one of the two largest international barter organizations in the world (the other is IRTA).

Barter

Barter organizations worldwide. Its purpose is to continuously regulate the benign financial activities and trading behaviors of the barter industry and barter companies around the world, and to strengthen the financial status of the barter industry and the reputation of trading members. NATE and IRTA represent more than 100,000 barter companies and more than $ 1 billion in barter transactions. They regularly hold annual barter meetings, conduct barter broker qualification reviews, and provide their members with government and barter industries. Related policies and measures, most importantly, they provide barter companies with the opportunity to promote barter products across the country.