Best Bartering Apps and Sites
#1 Barterchain
Barterchain is an intuitive application that allows for easy exchange of goods and services. The user creates a list of what they have to offer and what they need, and then the application helps find the right partner for the exchange. The process of negotiation and finalization of the transaction takes place directly between users, which allows for a flexible and individual approach to each exchange.
#2 HaveNeed
This app takes trading to the next level of automation. Once you create a list of items you own and need, HaveNeed matches you with up to five other users, opening up the possibility of more complicated and creative trades. For example, you can trade one item for several others or for services you need at the moment.
#3 Bartershop
Bartershop is a platform dedicated to small businesses that want to swap their products or services for others without committing cash. It is an ideal solution for companies that are struggling with financial problems and want to use excess inventory or unused production capacity in a more efficient way.
#4 BarterUp Online
BarterUp Online is a platform that allows you to exchange goods locally or internationally. Users can list their items for free, search other people's offers, and organize larger transactions with paid subscriptions that offer additional features such as "garage sales."
Barter exchanges for companies
If you’re a business looking for a more formal and organized way to barter, you might want to look into barter exchanges. These platforms, often membership-based, connect businesses that want to trade their surplus goods for the materials or services they need.
#1 National Association of Trade Exchanges (NATE)
NATE offers access to a database of barter exchanges for its members. Although there is an annual fee ($495), access to this database can be invaluable for companies looking to exchange.
#2 International Reciprocal Trade Association (IRTA)
IRTA allows you to connect with bartering companies around the world. A membership fee is also required to access the IRTA network and resources.
#3 BizX
BizX is a barter network that allows businesses to exchange goods and services without incurring membership costs, providing an attractive alternative to other platforms that charge membership fees.
How to settle taxes in a barter agreement?
Although bartering does not require the use of cash, remember that tax authorities treat such transactions like any other taxable transaction. We must estimate the market value of the goods or services we are trading and include them in our tax return. Remember that we should treat every barter transaction with the same care as if we were paying cash.
