Q. What is barter?

 A. Barter is a recognised way of buying and selling using Barter Dollars instead of Cash Dollars (therefore saving cash for all members of Eaztrade).

 

 

Q. How does it work?

 A. Barter is simply the exchange of goods and services without the use of money. People have been doing it informally for millennia. In Namibia (soon to be extended to the whole SADC Region), Easy Electronic Trading Investments cc t/a Eaztrade is a pioneer, turning Barter Trade into a sophisticated business practice for the benefit of small and large businesses alike.

 

When you join Eaztrade, you have the opportunity to trade your services or products directly with thousands of Eaztrade clients within SADC and indirectly through your broker with hundreds of thousands more around the world.

 

Suppose you own a transport business and you need an Accountant. You'll check out the Eaztrade directory or call your Eaztrade Broker to find an Accountant in your area, and then meet directly with the Accountant to discuss your needs, just as you would in a normal cash transaction. 

Now you're ready to hire the Accountant. What next? You need an Accountant...but the Accountant in all likelihood doesn't need transport services, at least not right away.

 

This is where Eaztrade comes in. You pay for the transaction with trade dollars. You will have earned your trade dollars either as free overdraft facility from Eaztrade or from your transport business rendering service to other Eaztrade members. 

Essentially, Eaztrade is an Exchange or a Clearinghouse that keeps a tab of all your transactions and helps you link up with businesses that have something you want, or that need your services/products.

 

When you make a sale, you contact Eaztrade (automatically on www.eaztrade.com , through our phone banking or sms/text service) for an authorization and a sales invoice automatically generated and emailed your client by Eaztrade.

 

A small cash service fee is charged and your trade account will be immediately credited for the amount of the sale once it have been confirmed by the buyer.

 

Q. What are the advantages of barter?

 A. Primarily, new business. Eaztrade provides you with new customers and allows you to broaden your market beyond your cash-paying customers.

 

You can trade your own goods and services to get what you need instead of spending cash thus preserve cash.

 

Q. How does it work?

 A. Barter is simply the exchange of goods and services without the use of money. People have been doing it informally for millennia. In Namibia (soon to be extended to the whole SADC Region), Easy Electronic Trading Investments cc t/a Eaztrade is a pioneer, turning Barter Trade into a sophisticated business practice for the benefit of small and large businesses alike.

 

When you join Eaztrade, you have the opportunity to trade your services or products directly with thousands of Eaztrade clients within SADC and indirectly through your broker with hundreds of thousands more around the world.

 

Suppose you own a transport business and you need an Accountant. You'll check out the Eaztrade directory or call your Eaztrade Broker to find an Accountant in your area, and then meet directly with the Accountant to discuss your needs, just as you would in a normal cash transaction. 

Now you're ready to hire the Accountant. What next? You need an Accountant...but the Accountant in all likelihood doesn't need transport services, at least not right away.

 

This is where Eaztrade comes in. You pay for the transaction with trade dollars. You will have earned your trade dollars either as free overdraft facility from Eaztrade or from your transport business rendering service to other Eaztrade members. 

Essentially, Eaztrade is an Exchange or a Clearinghouse that keeps a tab of all your transactions and helps you link up with businesses that have something you want, or that need your services/products.

 

When you make a sale, you contact Eaztrade (automatically on www.eaztrade.com , through our phone banking or sms/text service) for an authorization and a sales invoice automatically generated and emailed your client by Eaztrade.

 

A small cash service fee is charged and your trade account will be immediately credited for the amount of the sale once it have been confirmed by the buyer.

 

Q. What can I spend my trade dollars on?

 A. Eaztrade members provide a broad range of products and services. Availability of goods and services varies throughout the year as some members barter only during their slow seasons. Our Categories Section will give you an overview of businesses which are actively trading. Click here for a list of trade categories.

 

Q. How do I make a transaction?

 A. Eaztrade facilitates barter transactions between its members as follows:

  • Online using the Eaztrade Website
  • Using the Eaztrade SMS service
  • Using the Eaztrade EFTPOS Card at participating merchants
  • Using the Eaztrade phone banking service
  • Using the Eaztrade Gift Certificate service
  • Assisted by your Eaztrade Broker

 

Q. How do I purchase using my Eaztrade account?

 A. Find suppliers through Eaztrade using the Eaztrade Website, www.eaztrade.com . Pay for the product or service using one of the methods listed above under “How do I make a transaction?”

 

Q. How do I sell?

 A. Eaztrade members are simply agreeing to accept an alternative form of currency for payment. Members can purchase any product or service within the Eaztrade network in exchange for Eaztrade trade dollars (EZ$) (equivalent in value to $1 Namibian Dollar).

 

Q. Do I have to trade all the time?

 A. The benefits of trading are realized when selling and buying is conducted on a continuous basis. But, there may be certain periods, when you may wish to hold off accepting any new business. This is accomplished by placing your account on a Deactivate Status or by informing your Broker. You can Activate Status at any time to resume trading thereafter.

 

Q. How does Eaztrade make money?

 A. There is a small transaction fee. This represents a fee for originating new business for members of the Eaztrade Exchange. Cash Fee's are payable in N$ and Trade Fee's are payable in EZ$.

 

Q. Why do we pay fees?

 A. Fees are used for the following:

  • Account setup and maintenance
  • Maintaining the membership directory
  • Providing the Member-only online directory access
  • Record-keeping services
  • Marketing and promotion to other Eaztrade members
  • Tracking & Reporting: Eaztrade acts just like your Personal Accountant, keeping track of members’ credits and debits. Members receive a statement detailing recent transactions, current trade balance and any fees due. 

 

Q. What can I barter if I don't own a business?

 A. Individuals are welcome and invited to participate in the Eaztrade community. Eaztrade members can send trade dollars to ANYONE! Whoever receives trade dollars is free to use them as they see fit. This is a very cool feature, please learn more about it. tt

 

Q. What can I barter on Eaztrade?

 A. Services and Products-Any personal or business services can be bartered including Real Estate and other major assets.

 

 

Q. What if I get too little business?

 A. Eaztrade works to make sure that its members are satisfied with the level of business they receive through barter. Eaztrade guarantees to bring you more business provided you offer a product/service that meets minimal standards demanded by paying customers- if you do not receive additional sales as quickly as you would like to, Eaztrade will give your service or product free promotion through email, sms/text, weekly newsletter, website (www.eaztrade.com), through our Brokers’ interaction with fellow Eaztrade members and through our Reciprocal Agreements with other Trade Exchanges around the world.

 

Q. What if I get flooded with business?

 A. If you receive too much additional business and can't keep up, Eaztrade will work to find additional businesses with the same product or service, so that the demand is spread out.

 

At Eaztrade you decide when and how to barter. You can trade just on certain days, months or products. You can limit trading to a set amount per month, or you can choose to trade only during your slow seasons, you make the calls!

You can also put your account on Deactivate Status. You can Activate Status at any time to resume trading thereafter.

 

Q. What if there are businesses that I would like to see on Eaztrade?

 A. Just complete a referral with the names, email and telephone numbers of each business being referred. We ask that you first give them a brief overview of Eaztrade, and mention that an Eaztrade representative will be contacting them shortly. Once they become clients, you receive a minimum of N$100 cash credit to your account.

 

Just like the cash economy, supply and demand determines how active an account will be. Eaztrade is continuously marketing your company's product or service, with the idea of generating as much business as you care to receive.

 

Q. Do I receive trade business immediately upon becoming a member?

 A. Not unlike the cash economy, the barter marketplace is a product of supply and demand within the group of participating members. The more your specialty satisfies fellow members’ needs, the greater the traffic flow.

 

Q. Who Else Barters?

 A. According to the International Reciprocal Trade Association (IRTA), around $600 BILLION dollars are transacted through barter each year. Barter traders, worldwide range from huge international corporations right down to individuals.

 

Eaztrade is currently in the process of becoming an IRTA member, after which you will be able to trade with members of IRTA affiliated Trade Exchanges around the world.

 

Q. What are the Accounting implications of Barter trade?

 A. Barter transactions should be recorded in accordance with General Accepted Accounting Principles, valued at EZ$1 = N$1. We recommend that member create an account in their General Ledger to record all EZ$ transactions in the same way they would record cash transactions.

 

 

Q. Are there any taxation advantages to Barter Trade?

 A. There are no tax advantages or disadvantages to barter. Barter income is equal to cash income for tax purposes. Trading is simply a marketing tool, not a tax planning tool. Just as with cash income, Barter Trade income is taxable and similarly, trade purchases that are business related are tax deductible.

 

Q. What are the Value Added Tax (VAT) implications of Barter Trade?

 A. If you are a VAT registered vendor, VAT is included in the total Eaztrade transaction amount. As the seller, you are responsible for paying VAT on sales and remitting the VAT to the Receiver of Revenue in cash. However, VAT expenses can be recouped when you spend your Eaztrade dollars within the exchange, provided that purchases made are taxable purchases.

 

Q. What happens when I sell to a business that sells products I can't use?

 A. Barter Trade through Eaztrade Trade Exchange is a not a one for one swap. You sell what you have, buy what you need from any Eaztrade member or members of other Trade Exchanges world-wide that Eaztrade has reciprocal agreements with, using your accumulated barter currency (EZ$1 = N$1). Sales can be made online, by sms/text, on the phone, or in person. Thousands of members buy and sell every conceivable product/service using Eaztrade Dollars.

 

Q. Can Barter Trade dollars pay employees?

 A. Employees are rewarded in a number of ways, use trade dollars to pay employee perks, bonuses, and benefits. Even pay a portion of their normal salaries in trade. For a nominal fee, we will set up employee sub-accounts and aid your employees in spending their trade dollars. The employees can then use their barter dollars for anything from holidays, dinning out, groceries, farm produce, motor vehicle repairs, Eaztrade Gift Certificates, School fees at participating school, etc.

 

Q. But I can't pay my mortgage with Barter Trade?

 A. You may not be able to pay your mortgage with Barter currency, but you can pay a lawyer, an accountant, advertising, motor vehicle repairs or even office supplies.

 

You will sell your otherwise slow moving inventory or un-billable time at cost PLUS MARK-UP and therefore generate PROFIT all the while freeing up cash to pay your mortgage.

 

Q. Can I Barter Trade time based service business? 

 A. Eaztrade is perfect for a service business. When none of your staff are working, that time is un-billable. Turn your un-billable downtime into Eaztrade dollar credits.

 

Q. Can I Barter Trade a product intense and low margins business?

 A. Is your stock outdated? Without barter you would have to keep trying for a retail sale, or else liquidate for ridiculous give away. Barter opens opportunities to trade that inventory at full retail value. Use Eaztrade as a strategy to grow your business. Transform your obsolete or outdated inventory into profit.

 

Q. But Barter Trade won't increase my cash flow?

 A. Barter Trade will expand your business network. As you increase your customer base through barter, you'll generate more word-of-mouth business other than the free platform that Eaztrade gives you to reach thousands of potential clients. Simply put, barter clients will bring you new cash clients as well.

 

Q. What does it cost to get started in the Eaztrade exchange?

 A. The Membership for:

·        Individual Macro Businesses (IMBs) and Non-Governmental Organisations(NGOs) is FREE; and

·        A small joining fee and monthly/annual fee is charged for other member categories.

 

Q. How can one trade more profitably?

 A. If you regularly take cash out of your company for living expenses, home improvements, travel, etc. why not take out a barter income instead and save your cash for products and services that Eaztrade members may not be able to supply?

 

Q. Can I use Barter Trade to Pay Bills?

 A. Use trade dollars to pay some of your outstanding cash bills. If you owe a supplier money for a service or product that you just don't have enough cash to pay - talk to them about settling the debt using Eaztrade dollars. You can immediately pay them if they join our network, if you have a trade balance to cover the amount owed to them.

 

Q. Can I use Barter Trade to Collect Past Due Receivables?

 A. Businesses that are incapable to pay money they owe you would most likely be very willing to pay you with their service or product. You may not need their offerings directly, but Eaztrade members may have a market for their products or services. We get the Debtor to pay you in Eaztrade dollars and then you can use the trade dollars to get products and services you need.

 

Q. Can I spend more than what is in my Eaztrade trade account?

 A. If and when you require an interest free line of credit please contact one of our trade brokers for assistance.

 

Q. Who decides what prices the seller will charge on Eaztrade?

 A. In essence, the market establishes pricing just as it would for cash. The sellers anticipate trading their services and goods at their prevailing prices. By accepting or rejecting prices, buying Eaztrade Exchange members are ultimately the determining authority in pricing integrity. Over and above this, Eaztrade has procedures in place to monitor that all members observe fair trading practices.

 

Q. Can I charge part cash and part trade?

 A. Yes

 

Q. I need more cash business. Why should I trade?

 A. The sales you make through Eaztrade are truly plus sales for you. If you did not belong to The Eaztrade Exchange you would never see these sales.

When you use the trade income from these sales to buy things you would otherwise have paid cash for, you are left with cash in hand to use for other things. The net effect is the same as if your cash sales were increasing.

Every time you save a cash dollar it is as good as earning an extra cash dollar.

 

Q. Why join the Eaztrade Trade Exchange?

 A. The issue with one-on-one trading that you are familiar with is that each member must want exactly what the other has to offer. Within the Eaztrade network, everybody barters with everybody, even if they do not want what the other person has to offer. Trade dollars are credited to a trade account with Eaztrade, which can then be spent on any service or item needed or wanted from within the trade network.


We are independently owned and operated and we understand the many ways you can use your goods and services to generate non-cash income, get what you need and want, and build more traffic and referrals.

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Q. What is barter?

 A. Barter is a recognised way of buying and selling using Barter Dollars instead of Cash Dollars (therefore saving cash for all members of Eaztrade).