Frequently Asked Questions
How do I know I'm getting the best price?
Is a credit line available if I don't have enough ITEX dollars?
I don't see any current members that we could use, why join?
What if disputes arise with a trade I'm making/made?
What if I cannot spend my trade credit on things I really need?
How can Prime Trade NW help increase my sales?
How do I get paid for my products/services?
What if I do not get any business through the association?
What if I earn more trade dollars than I can spend?
What does it cost to join?
Joining Prime Trade NW is $395.
What is the catch?
How much does using Prime Trade NW cost me?
There is a nominal monthly membership fee of $30 each month. This is broken down into $20 cash from your chosen bank and $10 ITEX from your member account. You will also pay a 6% cash transaction fee on all sales and purchases. If you trade nothing, your transaction fee is $0 and your membership fee is automatically withdrawn at month close. For example:
- You sell a service or product to another ITEX member for $1000.
- You then purchase a service or product within the network for $500
- Your total fees for close that month will break down as follows:
- $30 Monthly Membership Fee ($20 cash + $10 ITEX)
- $60 Transaction Fee for the $1000 purchase (6%)
- $31.20 Transaction Fee for the $500 sale
- Total cash fees for the month: $111.20
When are transaction fees processed?
Are there monthly fees involved?
Can I pay my employees with ITEX dollars and expect that their needs can be filled by the association?
Can the association loan trade credit to clients?
Do I need to buy from the people I sell to?
Do trade dollars have any value outside of the network?
How do members save cash?
How does trade work within the association?
I already trade on my own, why join the association?
If we don't use cash, what do we use?
Is bartering legal?
What if I quit? What happens to my trade dollars?
What other benefits does barter provide?
Who is the president and owner of Prime Trade NW/ITEX?
How does bartering affect my taxes?
Can I use my trade dollars for personal expenses?
How do I know how much trade income to include on my tax return?
How will you keep track of my account?
Can't find what you're looking for?There are so many questions we field about bartering within the ITEX network. If you don’t find what you’re looking for here, please connect with us. We’ll not only answer your question but also post it here for our community of members.
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