Tag:

barter

Top 6 Online Bartering Apps

by Mariya Parackal April 19, 2023

A barter system is a method of exchanging goods and services in return for other goods and services. Today bartering is global, the value of the bartering items can be negotiated by the other parties. As the Internet has the ability to bring buyers, sellers, and traders exchanging of your products or services can be done more easily.

Now, Online bartering apps are popular for trading and that helps people to trade their products or unwanted materials superfast. Many Android and iOS app for bartering is available today.

Here are some of the top 6 online bartering apps that can make your trading easy and simple.

TradeMade

TradeMade is a trade and barter app for goods and services. TradeMade offers a user-friendly interface to trade and barter. In TradeMade you can sell goods and services in any combination.

TradeMade is partnered with other organizations to build a diverse and abundant carbon metric database. TradeMade will let you know about the environmental cost of goods.

In TradeMade you can upload fashion items, shoes, phones, laptops, gadgets, furniture, handcrafted goods, gifts, etc there is much more stuff you can upload.

The tasks that you can upload are tutoring, web development, graphic design, transportation, laundry, online marketing and many more.

Freecycle

Freecycle is popular for trading, swapping and bartering. While inputting your location you can pick people nearby to trade, barter, and swap with. It is an entirely non-profit movement of people who are giving stuff for free in their own towns and neighborhoods. Freecycle is all about Reduce, Reuse, and Recycle.

LetGo

Letgo is an application with online classifieds which allows the users to connect with each other for buying and selling. The app is easy to use, Seller has to take pictures of the item he is going to sell. And list the items in the site, For buyers, when they search for the item they want to buy Letgo will show the items which are closer to their location.

On the ‘Build Trust’ feature of Letgo users can verify their profiles. These verified profiles will get more visitors and items will be sold easily.

Swapub

Swapub is a bartering app for those who are searching for goods and services around the world. You can use this app in any language that makes it easy for communication between different people from different countries. Swapub also provides many filters.

If you want to exchange something you don’t need anymore, you are able to create ad editing images and short videos to it. You can also share your goods on social networks so your friends can be engaged in bartering too.

Swopr

Swopr will help you to find people and items to trade fast and easy. Upload the goods and services or things you want to swap. Browse the items that are also added by other users and choose what you want. On your dashboard, you can view all your goods and the number of matches.

Let’s Barter

Let’s Barter is a convenient and fast matching app that helps to barter goods and services. Using this application you can exchange your items for what you need. The mobile application lets users offer things like electronics, electronic games, books, and their services, such as accounting, bookkeeping, or cooking recipes.

Top 6 Online Bartering Apps: Wrap-Up

These are some of the best Bartering apps available in the world right now. If you are interested in the business model of bartering apps and want to build one yourself, then try our innovative swapping software that consists of all necessary features and functionalities to build a fully-factional bartering website and app easily.

Check out iScripts eSwap demo

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Web Scripts

Barter Economy

by Aji Abraham March 12, 2023

written by Aji Abraham

Barter economies are the earliest form of a monetary system in place. A barter economy is an exchange based economy in which goods or services are directly traded for other goods or services.

A barter economy also does not have a common form of currency so all trades must take place for other goods or services.

It is a known fact that in recent times, barter economies have assisted in counteracting unemployment, the exploitation of laborers, and economic insecurity. Internet is directly attributed to further spreading barter economic systems.

There are a few limitations with barter economies to be mindful of. In order for the actual barter or trade to occur, the two people involved need to want the goods or services that the other has.

This is called a double coincidence of wants and trade does not occur unless this is present. Next, there is no common measure of value due to the lack of a common currency. The values of goods and services are not as easily measured in a barter economy. Do you know how traditional bartering in modern times?

If a person does not have enough goods to cover the value of the goods or services that they wish to receive. then a transaction cannot occur. When this happens, it is called the indivisibility of certain goods. There is also a lack of standards for deferred payments.

This also refers to the economy’s lack of common currency or value; however, the debt could always be broken up based upon the actual number of units of a product and then eventually used for payment. Finally, there is difficulty in actually storing wealth. If the economy is based on perishable goods, then it is extremely impractical to store the goods.

Barter exchanges support businesses and consumers in a local economy. It stimulates businesses by transferring the goods or services available for other goods or services with more value because it is not as accessible to the business. Also, you essentially conserve cash and can reduce your use of traditional banking with a lower dependency on the government.

Bartering is not as susceptible to inflation either when the values of the goods or services are agreed upon as equal. Bartering even allows selling services or goods to customers with little cash flow.

See the examples of online barter using eSwap.

Advantages of Barter Economy System

Barter Economy system is the simplest system of trade without any complex problems
Since goods are produced to meet the needs of society there is no question of unemployment.
Problems of foreign international trade doesn’t exist under the barter system
Due to the less possibility of storing commodities, there is no problem with economic power.
To meet the needs of society natural resources are utilized ideally.

Disadvantages of Barter Economy System

Since there is no medium of exchange, the needs of two users must coincide.
All the goods cannot be divided equally. The problem arises when a big commodity is exchanged for a small one.
Difficulty in storage of wealth
Payments are noted in terms of specific goods and services
Goods and services cannot be transported easily from one place to another.

How to begin the Bartering process?

Find out what you need
Identify your trading partner
You need a better idea of what you have and what you are looking for in return.
Take some negotiation strategies to score a great deal
Search for your next exchange after a proper plan.

What are the rules of Bartering?

Ensure the exchange by meeting your trading partner for a safe exchange
Always be curious about what you are doing
Consider all goods and services you need to trade without missing the opportunity
Be doubtful at necessary situations and try to avoid bartering in such cases.
Don’t barter your thing if you really don’t want to it will make you regret it.
Try to test the items before you barter, there are no guarantees in such cases.

What all things can be bartered?

There are many different things that can be bartered, including both tangible and intangible items. Some examples of tangible items that can be bartered include goods such as food, clothing, and tools. Intangible items that can be bartered include services such as labor, transportation, and access to resources. In addition to physical goods and services, intangible items such as knowledge, skills, and expertise can also be bartered. The specific items that can be bartered will depend on the needs and resources of the individuals or groups involved in the exchange.

Personal Services
Technologies (old/new)
Apparel
Gifts/Crafts/Toys
Medical Items
Homemade Items

How to Barter?

Identify your resources: Identify the items you need to barter with and offer services.
Put a price tag: Check online how much does buyers paid for similar items and obtain an accurate rate.
Identify your needs: You need a clear picture of the thing you are looking for in a barter exchange.
Search your trade partner: Find a barter partner after knowing what you have to offer and what you need in a barter situation.
Make the deal: Get the agreement you need for the deal and make sure about what goods and services will be involved with the date of exchange.

How did taxes work for barter exchange?

Record Keeping

To keep the money for businesses, exchanges use their own trade dollars if they don’t have a place to spend it.

Tax Reporting

The barter service provides a record for all income you received from transactions.

Read more about How do barter network work?

Our software that models a barter economy is called iScripts eSwap. eSwap allows you to sell or swap various items. eSwap can be used to establish niche markets and has been effective in trading rare goods. You can try the iScripts eSwap live demo at Demo page

Check out iScripts eSwap demo

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Web Scripts

eSwap – Online Swapping Platform Software

by Aji Abraham March 2, 2023

written by Aji Abraham

Do you have a garage full of items that are still useful but you no longer use? Perhaps you have a closet full of clothes that you no longer wear?

Do you think of wasted money when your bookshelf is stacked with all of these books you’ve already read?

You are not the only person looking for a way to turn these lightly used goods into other useful items or even cash!

Disposing of these items could result in a great loss as some can be sold for copious amounts of money. This is where bartering or swapping platforms come in.

Online Swapping and Bartering Platforms are on the rise

In the recent months there was an influx of swapping platform focusing on different vertical / geographical markets. The reason for this increase in the swapping web sites is simple. For a lot of items in the consumer to consumer market place happen way below its intrinsic value.

For example if you try to sell a used text book you paid $100 to your college store, you would be lucky if you get back $20-$30. Try to buy the same book very next day from the same store; it would cost you upwards of $75.00. Why does it happen? It’s not because your college store is greedy. Well, that’s part of the reason.. also all the cost associated with the middleman. Same is the case when you sell your used car to the dealership. If you try to buy the same car from the same dealership, you will be surprised to find out the difference between the buying price and selling price is way off.

When a consumer sell something to a business, normally the transaction happen below it’s intrinsic value.

When a consumer buys a used item from a business it happens above the intrinsic value. Always there is a winner and loser. Unfortunately we have been doing business this way for very long time. Since we invented currency. Before it we had the barter system. In the barter system, the trades are more equitable.

Online swapping is the best choice when you wanna easily reach out to products at better deals in this era of computers and the internet. You can think of the whole process as a sale happens at a yard or garage with a difference that this happens online!

Instead of getting cash, you get other items you might need or want in exchange for your own unneeded and unwanted items. Better yet, as the admin of a site like this, you get profit in the form of success fees, memberships, featured listings, points-system purchases, and more!

Build your own Online swapping website with iScripts eSwap

The Newyork times wrote about the new crop of swap websites way back in 2006. Since then the technology has grown leaps and bounds, and multi-million dollar businesses have spawned out of it. However, the market is still not saturated and there is a lot avenues for you to explore, especially in niche markets.

If you are thinking of creating an online swappin website, you can spend months of development and a lot of money to one. Or you can use the software from iScripts- called iScripts eSwap. It is a complete swapping platform to get you to start a swap website within few hours.

iScripts eSwap allows you to set up a swap website with an escrow service. The administrator of the site can specify if the escrow is provided or not. Admin can also specify different categories, commission for listing items for swap. You can have any number of categories and products. It has built in support for paypal and credit card merchant account. The affiliate program allows you to market your swapping site through of referrals.

As always iScripts engineers are available to provide any customization and to install the software for you. You can purchase the barter software through iScripts.com

iScripts eSwap is an designed to create an online marketplace for users can buy, sell, or exchange items at ease and better deals. The platform allows you the opportunity to offer your users a variety of options including listing fees, featured item fees, optional escrow fees, or monthly subscription.

It gives you the flexibility to charge any or none of these fees from your users. The software supports the most common payment gateways. Offline payment methods are also supported.

The iScripts eSwap software supports both exchange transactions either based on money/ virtual currency or points. The script also contains other features such as admin report creation, easy custom theme integration, and ability to run the system for swap only or for swap and sale together.

Check out iScripts eSwap demo

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Business Model Study

Online Barter System & Swap Websites- Why & How?

by Aji Abraham March 2, 2023

written by Aji Abraham

As the oldest systems and form of payment, bartering may seem out of style. However, it has many advantages that can still benefit us today; making it a perfect system for an online business.

Bartering is the most flexible form of payment. Users do not need money to barter. In fact, depending upon the website’s idea, the niche, and operations, bartering does not require physical goods to trade. In place of money or possessions, different services can be traded in exchange for goods or other services.

Why Online Barter System?

As trade through barter is increasing, owning an online barter system or swap trade website becomes a lucrative business option:

Traditional Swapping system is a great way to trade especially during inflation or when times are tough. Due to the number of people choosing to “go green” and the hurting economy, people are wising up to the benefits of swapping products, services, and even real estate.

Businesses are also embracing swapping as an alternative way of conducting business and saving money. Bartering may be used to cut business costs and other expenses. If there is a surplus of inventory, businesses sometimes trade them for other goods and services.

With this type of trade, businesses reserve cash to use for other important things such as debt. The most important aspect of bartering is mutually beneficial trade where both parties are benefited. This is what makes it such a versatile business model.

The Wall Street Journal has described barter as a “powerful cash-saving tool”. Barter News goes further by stating: “We’re moving into the golden age of barter,” and adding that 600,000 companies in the US alone actively traded both locally and across borders.

Check: 15 Most Popular Barter Exchange Networks

Online Barter vs Traditional Barter

One disadvantage of tradition bartering is the fact that you usually must have a degree of faith in trust in a complete stranger. Having a barter website that operates similar to eBay brings a sense of community and comfort. Here, users meet and reviews fellow swappers based upon their online account.

Another advantage of online barter is offering trading points or credits. The credits can be used in place of goods or services and used later.

Online Bartering has no limits and can be applied virtually anywhere. From healthcare, hospitality, tech and even software, the scope of bartering is huge. Some popular bartering items include personal care services (like haircuts), technology, clothing, toys, gifts, and crafts. In 2020, TikToker Demi Skipper made national headlines by bartering a 1¢ bobby pin to start a series of trades that ultimately put her inside the comfort of an $80,000 house.

How to Create a Barter System with Software?

In order to create an online barter system, you can either go the tradition way of development through coding or you can use a swapping software. In this article, we will exclusively focus on the latter.

By choosing to begin your business using an open-source software, you can quickly develop a site with little financial cost while also utilizing extra features such as a built-in points system. The software allows users to buy, sell and swap goods and services through built-in functionality. Your swapping site may be free or paid depending upon the type of setting you to choose.

The software also provides an option where users are given even more freedom to pay and barter with other members. Here users will have the provision to get whatever item or service they need without much effort. They just simply decide what they want to trade in exchange for what they want.

iScripts eSwap – Online Swapping Software

iScripts eSwap is one of the most popular open-source PHP online barter system software available in the market. It allows you to create an online barter network that provides features to buy, sell and swap functionality, tools for counter-offers, unlimited users, products and categories, integrated shipping, detailed reports, and even multi-language capability. Languages include English, Spanish, German and French.

After purchasing, the software has to be installed on a server. You can install yourself or opt for the iScripts installation service. In the absence of your programmer or if you do not have one, iScripts also offers you customization services at an affordable rate.

Check out iScripts eSwap demo

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Customer

Swap Your Traditional Bartering for an Online System

by Milan Mathew February 20, 2023

written by Milan Mathew

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?

Swap Traditional Bartering for an Online System

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 sales@iscripts.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

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New Versions Web Scripts

iScripts Releases New Version of iScripts eSwap – Virtual Swap Meet Software

by Sheri Levitt August 18, 2010

written by Sheri Levitt

Version 2.1 for iScripts eSwap barter network solution generally available;

Chicago, IL, Aug. 18 — iScripts.com today announced the general availability of the newest version 2.1 for the iScripts eSwap Virtual Swapmeet Software solution beginning August 18, 2010. This comprehensive, fully integrated on-demand swap business management suite is now available for instant download and implementation.

For customers who purchased the iScripts eSwap software within the last 12 months, the upgrade is free of charge at iscripts.com/eSwap through the service agreement that is included with purchase.

Additionally, current users outside of 12months of use willing to renew their support agreement for a nominal fee of $49.95 may access the upgrade for free as well. iScripts eSwap software retails to new customers for $147 complete with one full year of technical support.

iScripts eSwap - barter software package — iScripts eSwap – barter software

The general availability of version 2.1 for iScripts.com eSwap delivers significant customer-centric innovations including a real-time, web-based point system(virtual currency) with custom conversion ratio change, professional looking customizable themes, additional monetization options including listing fees, success fees, legacy subscription fees and increased flexibility thereof.

This increases the number of business models that can be used with this innovative barter software.
The new version provides the administrator with increased options to harness the ongoing activity necessary to support any profitable business plan with a staffing solution and reduce overall site maintenance.

In addition to being fully engineered to provide multi-gateway payment capability, it has been engineered for customer- and referral-specific business extensions and provides flexibility to easily make changes to the default user interface, reports and forms. It also leverages the proven life cycle of a business plan management system from proven successes from the previous version.

Referral business continues to be a core part of the proactive market strategy for any eCommerce solution as well as solution resellers and developers leverage the new business model and opportunities to the advantage of entrepreneurs.

Fully Functional Software Suite Increases Opportunity for Immediate Profitability Standard package includes predefined, focused categories with sub-section capability as well as numerous other stability and functionality improvements over the last version, starting at $147.

A dedicated installation folder, as well as embedded visuals and graphics, enables these packages to be implemented quickly, in as little as ten to fifteen minutes depending on hosting requirements. As the business grows, administrators can expand the scope and turn on additional functionality that is already built into the solution.

Available immediately, the standard packages currently available include:

• Multiple Voluntary Monetization Options – Administrators of sites equipped with the newest version have access to many options to additionally monetize their site.

• Recurring Subscription fees
• Listing fees per item
• Success fees once a listing results in a transaction

Available now, additional fees can be placed on premium listings to increase traffic to certain swappable items and increase exposure, much like traditional advertising space. Listing fees can be arranged based on listing price similar to eBay listing fees.

Another option is to have a recurring subscription fee for your members. Success fees allow the administrator to capture additional revenue that would offset site maintenance. Fees for time-frame subscriptions have been requested and allow sites with high-in-demand swappable products to harness repeat customers.

Each of these fees is customizable and optional. So if you want to operate your barter network as a free site, you can do that as well.

• Point System Implementation – With regards to the most profitable business plans, an optional points system has been utilized to allow for an instant ability to manipulate transactions. A custom conversion field allows administrators to change the dollar amount per point.

Points allow for funds to be kept under control of the site and can be added and subtracted by the webmaster. The administrator can name these points/virtual currency any name. This point system enables more transactions as members can trade with others even if there is only a single transaction is happening at any given time.

The administrator can also choose if members can monetize their point and if they can transfer points between users.

• Visual Graphic Design Customization – Administrators looking to further brand their site can add a visual look representative of their products or company culture. Additional customization allows for user-friendly.

CSS code to be used directly with the administrators’ interface and greatly change the look and feel of their site. As many niche markets emerge with custom-tailored solutions, and end-user visual style continues to be among the most important factors in generating significant traffic.

• Reports – We have added enhanced reports for sales, members, transactions, etc.. These reports can be exported to other applications

• Payment Gateways – We have added new payment gateways like BluePay, Google Checkout, 2Checkout in addition to existing Autorize.net, Worldpay and Paypal.

Many additional features are being added to the software. Whether you’re looking to add a new feature to your existing site our capture a niche market with this software, it has the power and capability to handle any type of trade traffic on the internet.

If there are additional features that your niche requires, contact us for a fixed-price quote on customization.

Visit iScripts.com/eSwap for more information and a live demo.

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