•• Initiation Fee Options for New Members ••

Special REDUCED initiation fees for New Members to choose from:

(subject to change after 75 New Members join LTG.)

* You may now join for FREE and receive T$50 of trade dollars OR you may:
(1) PAY $50 and receive T$200 of trade dollars, or
(2) PAY $100 and receive T$350 of trade dollars, or
(3) PAY $200 and receive T$650 of trade dollars.

Please Note: New Members receive a full 3 months after joining LTG before Maintenance Fees begin. During this initial period, New Members will simply pay 5% commission on trades only (no monthly fee). Before the full 3-month period ends, New Members will choose between 3 Fee Plans which Fee Plan they prefer. See below for the Maintenance and Transaction Fee Plans. 

Initial Line of Credit: New Members will receive an initial line of credit of the greater of $200 or the amount of trade dollars you received when joining Local Trade Group (up to T$600). Your line of credit may, at Local Trade Group's discretion, increase if you 1) need more credit and 2) have consistently been paying any cash fees due to Local Trade Group on time.

 

•• Maintenance and Transaction Fee Plans ••

Objective: LTG Members have THREE OPTIONS so you can choose the plan that will lower your overall costs for continuing your LTG Membership. Furthermore, you can choose whether you prefer to pay your Maintenance Fees Monthly or Yearly. Paying Yearly provides further cost savings.

PLAN 1 provides The Lowest Monthly or Annual Fees for “Lower Volume Members”:
$4.00 & T$4.00/month or $40 & T$40.00/year.
Transaction Fee: 6.5% of transaction amount.
This plan is best when Annual Trade Transactions are less than about T$3,000 per year.
(e.g. under T$1,500 purchasing and T$1,500 selling)

PLAN 2 provides Lower Monthly or Annual Fees for “Mid-range Volume Members”:
$6.00 & T$6.00/month or $60 & T$60.00/year.
Transaction Fee: 5% of transaction amount.
This plan is best when Annual Trade Transactions are more than about T$3,000 and less than about T$7,000 per year.
(e.g. over T$1,500 to $3,500 purchasing and less than T$1,500 to $3,500  selling)

PLAN 3 provides The Lowest Transaction Fees for “Higher Volume Members”:
$9.00 & T$9.00/month or $90 & T$90.00/year.
Transaction Fee: 4% of transaction amount.
This plan is best when Annual Trade Transactions are more than than about T$7,000 per year.
(e.g. more than T$3,500 purchasing and T$3,500 selling)

CHANGING BETWEEN FEE PLANS: Members can change between Fee Plans at any time. No charges will be incurred if a New Fee Plan is requested to be in effect after 12 or more months after the Current Fee Plan commenced; if the New Fee Plan will take effect less than 12 months after the Current Fee Plan commenced, a Plan Change Fee of $20 plus T$20 fee will apply.

Furthermore, Members who have prepaid for a 12-month period will be credited for the number of unused months of the Current Plan.

Example: If a Member prepaid for Fee Plan 1 and, after 6 months, wants to change to Fee Plan 3, the payment to do this will be:

$90 (Plan 3 Annual Fee) + $20 (Change Fee) - $20 (6 months unused from Plan 1) = $90 US Currency.

There will also be a matching charge of T$90 Trade Dollars. When this transaction has been completed, Member will then be prepaid for Fee Plan 3 for the next 12 months.

NEW MEMBER FEE PLAN: New Members receive a full 3 months after joining LTG before Maintenance Fees begin. During this initial period, New Members will pay a 5% fee on trades only. Prior to the full 3-month period ending, New Members will choose which Fee Plan to be on.

FEE PLANS SUBJECT TO CHANGE: LTG reserves the right to change the Fee Plans from time to time. However, Members who have prepaid for a 12-month Fee Plan may choose to keep their plan through the remainder of the 12-month period, or change to a different plan if they feel it is more advantageous to them.

 

 • More Flexible Trade Policies • 

After discussions with some LTG Members and considerable thought, Local Trade Group now allows more flexibility in trading between LTG Members. No longer do all trades up to T$2,000 need to be 100% trade dollars. * NEW August 10, 2017

How it Works

Trade Sellers now have the option to ask for UP TO the following percentage in US Currency as follows:

(1) On purchases up to T$300.00, seller may ask for up to 30% in US Currency.

(2) On purchases from T$300.01 to T$2,000.00, seller may ask for up to 40% in US Currency.

(3) On purchases from T$2,000.01 to T$4,000.00, seller may ask for up to 50% in US Currency.

(4) Any potential purchases outside these parameters must be approved by LTG prior to making the purchase.

Example: If the price for a product or service is T$1000, the seller may ask for up to 40% ($400) in US currency, with the balance (T$600) in trade. Taxes and tips are in US currency as well. The trade buyer is not required to accept those terms, and may kindly ask the trade seller if he/she is willing to accept more trade dollars and less US currency.

What Transaction Fees are Owed when Purchase is Part US Currency and Part Trade Dollars:

(1) The Trade Seller will be charged their transaction fee based on the TOTAL amount of the transaction.

(2) The Trade Buyer, who is paying partially in US Currency, will only be charged their transaction fee based strictly on the Trade Dollar portion of the transaction.

This policy is in effect until further notice. LTG hopes this will encourage our Trade Sellers to offer more of your products and services on trade, while still saving Trade Buyers cash. LTG will monitor this change in trade policy.

LTG appreciates feedback concerning this new flexibility. For any questions/comments, please contact Pam Hanson.

 

•• Notice about Fees and Policy Changes ••

Fees and policies may change from time to time. This page will be updated when changes occur and LTG will email Members written notices.