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 If you trade nothing, your transaction fee is $0 and your membership fee is automatically withdrawn at month close.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?
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