Frequently Asked Questions

1. Are there any tax advantages to bartering?
2. How will my business profit from barter?
3. How does Barter work with a trade exchange?
4. What companies are involved in barter?
5. What does it cost to get started?
6. What if everyone wants my products and services and I can't find enough to buy?
7. What if I need to make a purchase before I've earned trade dollars in the system?
8. How should I price my products and services?
9. How can I barter outside of my own city?


1. Are there any tax advantages to bartering?
Barter income is treated the same as cash income. There are no tax advantages or disadvantages to bartering. Great Trade Solutions, Inc. provides a 1099B at the end of the year for sales your business has consummated. Barter purchases for the business, like cash purchases, are tax deductible as business expenses.

2. How will my business profit from barter?
Barter produces new business generated by Great Trade Solutions, Inc. marketing efforts thus expanding your market and still maintain your cash-paying customers. Barter increases cash flow retention. For example, if you owned a magazine and needed a new copy machine priced at $1,000. Great Trade Solutions, Inc. would sell advertising of $1,000 in your magazine and you would purchase the needed copy machine.

3. How does Barter work with a trade exchange?
Great Trade Solutions, Inc. eliminates the problem of one-on-one trading where each business must want what the other has to offer. Great Trade Solutions, Inc. associated businesses have access to purchasing published items and services on the Great Trade Solutions, Inc. website or work with their assigned Trade Broker for additional options.

4. How many companies are involved in barter?
Globally, over 470,000 businesses are involved in Barter. It is estimated that 65% of Fortune 500 companies engage in barter to one degree or another.

5. What does it cost to get started?
Great Trade Solutions, Inc. does not charge a registration or yearly fee to establish your business account. Transaction and modest monthly fees cover accounting, marketing, promotions and member services.

6. What if everyone wants my products and services and I can't find enough to buy?
Your Great Trade Solutions, Inc. Trade Broker is trained to assist you in every aspect of account management. This means your company sales and purchases will stay within specific limits set by your business and Great Trade Solutions, Inc. Your Trade Broker will work closely with you to maximize your companies benefit from your barter participation.

7. What if I need to make a purchase before I've earned trade dollars in the system?
Great Trade Solutions, Inc. may extend a line of credit. Request a Line of Credit from your Trade Broker and he will process your request for approval.

8. How should I price my products and services?
Prices quoted are your normal retail or cash price.

9. How can I barter outside of my own city?
Great Trade Solutions, Inc. participates in worldwide reciprocal trade relationships with other exchanges offering a multitude of additional barter opportunities. We fulfill our members' barter and travel requests via our vast Global Network.