Sure, you’ve heard of barter systems, but do you know what they are in modern times?
You might only envision these scenarios taking place in ancient marketplaces and distant lands, but it’s still a surprisingly efficient system for exchanging goods without the use of cash.
When we look back into history, we can see bartering was a fairly common occurrence between strangers. As we look into the present world, we can see modern-day people typically only barter when in a time of crisis. But little did we know the internet would help make this means of exchange applicable to our modern world.
Since the bartering system has been around from long ago, one would think this practice would have changed in some way, but the process has pretty much remained the same.
These days, it’s very uncommon to walk through the street or market of our world and find people bartering. On the other hand, technology has its own way of making this system applicable to modern times.
How does bartering work online and what makes it beneficial?
In order to make the system work, people who participate in bartering should be equally interested in each other’s goods. Traditionally, bartering is carried out by two or three people. As web 2.0 is out, the interaction between users has increased.
This has brought many platforms into existence, making it feasible for people all over the world to find specific items while showcasing those they no longer need. A more connected world has made bartering easier than ever, without the use of currency.
Online websites used for swapping has made bartering more advanced than ever. Nowadays we have lots of swapping websites that will make the exchange possible in just a few steps. All a user has to do is register on a website, post items for sale and list required goods.
This efficient method is a far cry from the ancient system! As websites make people aware of goods recently made available, they can also provide additional information about the offer and easy ways to close the deal.
If we look at the process from a site administrator’s perspective, he/she could give the registration for free or require it to be a paid service. Most of the websites found on the internet offer free registration, as it is an effective means of promoting a website.
Despite the site being used as a means of exchanging goods without cash, site admins could still earn commissions through registration fees, if desired. Providing support to customers would improve the potential of the website, and this would be the service provided by the site admin to the community.
Another advantage is the absence of major payment gateways. While not a huge hassle if made available, it can help minimize risk and reduce the amount spent addressing any payment-related issues that may arise.
These websites are easy-to-use and available to all worldwide users. However, when it is available to the world, some exchanges may typically fail as the clients usually cannot meet each other.
So transactions should be made possible by using the website, as it will also help the client to exchange goods at a cheaper price. There are various scripts available that provide the bartering system in a more advanced form.
How can you start an online bartering website?
If you are considering launching an online bartering website, you may be under the impression that significant financial and time investments are necessary. However, iScripts eSwap is a software solution that can simplify the process by providing all the features and functionality needed to create a professional barter exchange network website similar to popular platforms like Swap.com or U-Exchange.com.
iScripts eSwap is a bartering network platform that offers a variety of features, including buy, sell, and swap functionality, an admin panel, advanced tools for counter-offers, multi-language capability, unlimited users, products, and categories, optional escrow method, virtual currency points, payment gateways, variety of shipping methods, and more. Additionally, users have the freedom to create their own brand and choose from a variety of site themes, while the software also provides email newsletter capability and the ability to generate detailed reports.
The software can be utilized as-is, incorporated into an existing software package with the help of iScripts’ team of programmers, or white-labeled for convenience. To learn more about how to take advantage of iScripts eSwap or for any further inquiries, contact the company at (312) 423-6728 or via email at email@example.com. iScripts also offers the option to modify and customize the script and add additional features or site design changes to meet the user’s specific requirements and budget.
Check out iScripts eSwap demo