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How Barter Notes is Creating
a Better Bartering System

 



To see all the videos in series click here

In this episode of Money Creation Explained, we are going to cover How Barter Notes Is Creating a Better Bartering System.

If you ever traded a product or service with another individual or business in exchange for theirs, then you have engaged in bartering. Items being traded could be new or used. Also, people can trade their time in exchange for an item or service.

With bartering, there are no concrete rules and the people in the transaction determine the terms. A bartering transaction can take place when both parties agree and work out a deal of what is being traded and the terms. Bartering is the oldest form of commerce and was used before money was invented. With bartering, come many challenges such as finding a suitable trader, trading equal values of products and services, delivery and pickups issues and the like. To solve some of these issues, bartering clubs came into existence. Each club is different, and there are a range of fees (such as signup, membership, monthly, and annual). The main problem with bartering clubs is there are a limited number of members and those clubs only allow certain products or services to be traded. Also these members often increase the real life prices of these items for the bartering club. So it is hard to find good deals, and for these reasons, most people do not utilize the power of bartering.

Barter Notes is a service offered by IOU Notes that takes the long established concept of bartering, and created a platform that is secure and easy to use. Our Bartering service is different. It offers many benefits to both Buyers and Sellers. Transactions can take place online or in person. Bartering Notes has created a system where a bartering option is a viable and attractive option for individuals and businesses. There are no signup, membership, monthly, or annual fees. Bartering Values must match real life dollar value. For example, if a Hair Salon that charges $25 in the real world for a haircut where people pay with cash, credit card, etc. when accepting Barter Notes, the charged price must also be $25. The bartering value will be regulated by other users on the IOU Notes Platform and user's can file complaints on other users that are over-charging. We will investigate those claims and take the correct measures (temporary suspend that user's barter features, etc.)

Buyers Benefits Include: Free Service to Buyers; Equal Real Life Values (1 Barter Unit = $1); Barter with anyone in the IOU Notes Platform; No Expiration Date; Transfer or Sell to Others; and Makes a Great Gift

Seller Benefits Include: Building Customer Loyalty; Create an Edge Over Your Competition; Give Users Another Payment Option; Generate More Revenue / Opportunities; and Low Service Fee.

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