Online bartering
Written by Prasad Addagatla.
In the article “Barter is a timeless practice”, the author describes the importance of the barter system in these days by considering the example of “exchangemall.com” which has evolved as a new trend for bartering online. If a good or a service is interchanged then it is called barter system. Now-a-days exchangemall.com has become a legitimate means of goods/services exchange for the consumers and the business people.
The exchangemall.com has become a revolution in the online marketing of the goods without the cash and internet as the means of communication. In the exchangemall.com the users are provided with the user created “store” to exchange the goods. The users of this site may also barter currency to exchange the services. The site also takes care of the customers’ interchange of goods making all the transfers successful.
The author concludes the article stating that according to International Reciprocal Trade Association (IRTA) in the coming ten years about 1.2 million companies are expected to follow the trend of online bartering system. Hence with this system a transaction can be performed at any place or location in the world.
Citation:
Link-Up ( Jan/Feb2001). Barter is a timeless practice., Vol. 18, Issue 1 Retrieved September 29, from Business Source Premier database.