Frequently Asked Questions
Members can anticipate increased revenue of up to 15%, generating $10,000 to $100,000+ in trade and barter sales each year. If your company services New Jersey or Staten Island, BarterPays! can send you new customers, patients, and clients.
Barter income is treated the same as cash income. There are no tax advantages or disadvantages to bartering. Trading should be considered a marketing tool, not a tax tool. BarterPays! provides your company with a 1099B of all Network sales transactions in each calendar year. Cash purchases that are normally tax deductible as business expenses are also tax deductible when purchased on trade. Consult your accountant or tax advisor.
Charge fair retail value at all times for your product or service. You do not need to honor coupons or special sales offered to cash customers, but the price you charge must be a reasonable price you sell at every day on the retail market. A barter dollar is equal to a U.S. dollar.
We trade with other barter groups in the tri-state area, as well as networks in Florida and other parts of the USA. Our barter affiliates provide our members with access to Broadway shows, NYC restaurants, international travel opportunities, skiing, and more. However, our main service area is the Central Jersey Shore.
Imitation is the sincerest form of flattery. There are a few barter groups that use a similar name. They are not affiliated with the original BarterPays!. We are the largest and longest-running independent barter exchange in New Jersey.
It is free to sign up. BarterPays! does not charge a fee when we send you a barter customer, unlike home referral networks or other trade and barter groups. A small percentage of each barter transaction is paid in U.S. Funds.
Within our network, we create a barter economy. Members can trade goods and services for barter dollars. This trade and barter network provides advantages like reduced advertising costs and making the most out of excess inventory and services. It provides networking opportunities that can grow your business.