Category Archives: Barter FAQ

Will I pay a higher prices using T$ than with cash?

We encourage you to comparison shop on the Tradebank Network. Choose a seller that provides the greatest value for your T$. Since Tradebank Dollars (T$) are valued at U.S. $1, trade prices should be comparable to cash prices. If you …

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Will I have to worry about accounting and tax reporting issues?

Members receive a statement of activity from Tradebank each month. To facilitate your tax reporting, Tradebank sends members an IRS Form 1099-B at the end of the year that summarizes members’ annual trade sales.

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Why join Tradebank?

Tradebank offers a full array of services that other trade exchanges simply cannot match. One, our brokers are the ultimate trade professionals — well-trained, highly knowledgeable and experienced in all aspects of trade. Two, Tradebank offers your business a no-risk …

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Who can I trade with?

You can trade with any client in our organization. We have over 100,000 products and services. You can get vacations, advertising, personal/business and education to name a few.

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When can I sell my products or services? When can I buy?

You can sell your products and services as soon as you become a Tradebank member and list items for sale. You can begin buying as soon as you have sufficient Tradebank Dollars (T$) to pay for the products and services …

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What is Tradebank?

Tradebank is a global trade network that assists companies of all sizes to convert what they have into what they need using a means of exchange called the Tradebank Dollar (T$) in the United States, the Tradebank Canadian Dollar in …

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What is the Tradebank Network?

The Tradebank Network provides a marketplace for businesses of all sizes and helps those businesses to increase sales, enhance cash flow, and improve profit. Tradebank is a central repository of client information and data for all trade transactions that take …

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What is the history of Tradebank?

Tradebank International was founded in 1987 in the United States. In 1996, Tradebank expanded internationally by beginning operations of Tradebank Canada, which now operates 28 offices – currently the largest trade network in Canada: Tradebank Czech Republic in 1998 and …

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How does the IRS view trade exchanges like Tradebank?

The IRS classifies trade networks as third-party record keepers. Therefore, Tradebank has the same reporting requirements as banks and stock exchanges. Each year, members receive a Form 1099-B that reports their Tradebank sales (U.S. $1.00 = 1.00 T$). A copy …

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What is a trade broker?

Tradebank has always placed great value on personalized service. We commit one Business Development Manager/Broker to each client. The broker makes it his or her responsibility to learn and understand, in depth, the clients business and the industry or retail …

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