Using Barter For Interest Free Overdraft

[BarterAngels]

Do you know that by using barter, you can enjoy an interest free overdraft?

Barter is used all over the world by all sizes of businesses to protect their cash positions by using their own goods and services to purchase what they need/want.

In these difficult times, when banks are not lending, don't feel that all doors are closed. Barter isn't the answer to all financing needs, but it is a useful business tool, that, when used properly, can provide substantial benefits to your business.

 

[willitbe]

When used properly!!!!

99 percent of bartercard users don't, that is the problem..

 

[BarterAngels]

Well, my company is not the one you have mentioned.

I don't have the same business model. I do allow part barter/part cash transactions.

I also do not take on businesses where there are issues with how they will spend their Barter Pounds. I do not have heavy salespeople who are motivated by their own commission.

More angelic.....

 

[willitbe]

Well, my company is not the one you have mentioned.

I don't have the same business model. I do allow part barter/part cash transactions.

I also do not take on businesses where there are issues with how they will spend their Barter Pounds. I do not have heavy salespeople who are motivated by their own commission.

More angelic.....

Why am I not surprised by your response?

 

[BarterAngels]

We all need to consider bartering more, even if we don't use a barter company.

Many companies do contra deals and with economy not set to improve soon, let's get bartering.

If we can reduce reliance on bank overdrafts, so much the better. Bank overdrafts are repayable on demand as we all know and this puts businesses in a vulnerable position because banks can and do call them up when they choose to.

Bank loans, however, provide more rights to the borrower.

So, do consider using your own services and goods to exchange directly for some you want or otherwise consider using a barter exchange.

 

[BarterAngels]

Do you think the problem lies with the users or the way it has been sold in?

 

[Belmore]

Bartering..
Can explain to me what this is and how it works? I just had a look on your site and it seems to want £300 to register? Is that correct or am I mistaken?

Sam

 

[Belmore]

Bartering..
Can you explain to me what this is and how it works? I just had a look on your site and it seems to want £300 to register? Is that correct or am I mistaken?

Sam

 

[roydmoorian]

Bartering..
Can you explain to me what this is and how it works? I just had a look on your site and it seems to want £300 to register? Is that correct or am I mistaken?

Sam

As long as I can BARTER the £300 I could be interested

Is the BARTER £300 subect to BARTER 20 % VAT and how does BARTER HMRC treat it ? ?

 

[Scalloway]

The advice from HMRC is here

http://www.hmrc.gov.uk/vat/managing/special-situations/samples.htm#4

If you supply services or goods (new or second-hand) and receive other goods or services in payment, there are two separate supplies:

• the supply from you to your customer
• the supply from your customer to you

You must account for VAT, and so must your customer if they're VAT-registered. The VAT treatment is the same as for part-exchanges. You must both account for VAT on the amounts you would each have paid for the goods or services if there had been no barter and they had been paid for with money.

So no escape!

 

[Paul Norman]

Barterangel has suffered a bit from confusion with Bartercard. I would be interested to understand how their system differs.

The main challenge with Bartercard would be this. NON of my suppliers of stock would accept it, so I would be paying cash, still, for my stock. Then I would receive barter points for sales, and have to find ways of using them up. I don't have to find ways of using up the cash from my sales, I can just ...keep it. Or buy more stock with it.

Is this different on Barterangel?

 

[Nuno]

Please help me understand.

Barter: you have Product A and you want some Product B. You have to:

• Find someone with Product B who wants product A and argue the toss.
• Find someone who has bartered for Products C to Z and got Barter vouchers which you swap for your Product A.

Money: you have Product A and you want some Product B. You have to:

• Find someone with Product B. Pay them money.

No tax or other benefits come with barter. Please explain why anyone except charlatans, hippies and Tarquins would want to use barter?

Many thanks.

 

[roydmoorian]

Please help me understand.

Barter: you have Product A and you want some Product B. You have to:

• Find someone with Product B who wants product A and argue the toss.
• Find someone who has bartered for Products C to Z and got Barter vouchers which you swap for your Product A.

Money: you have Product A and you want some Product B. You have to:

• Find someone with Product B. Pay them money.

No tax or other benefits come with barter. Please explain why anyone except charlatans, hippies and Tarquins would want to use barter?

Many thanks.

And you also have to pay CASH + VAT to the BarterOrganiser ? :|