Frequently Asked Questions

What are key advantages of Trading? Trading produces new business; when spending earned trade dollars, you conserve cash for other uses.

May I trade only some of my products/services? Yes, you may choose which products or services you will offer for sale on trade. You may also choose not to sell on trade temporarily.

Can trade enhance my personal life? Absolutely. Members can go on vacations, eat out, see doctors and more, paying with trade. The possibilities are almost endless.

Can joining LTG help me earn more US currency? Yes. The more trade business you successfully do, the more likely trade members will refer their non-trade friends to your business.

How can I earn bonuses for referring new members? Call your referral, explain about LTG, ask their permission for Pam to call them, fill out our referral form and email it to Pam. If your referral becomes an LTG member, you will receive your bonus. Ask Pam for more details.

How do I apply for Membership to LTG? Read and accept the guidelines and rules, then fill out the application form. If you are approved for membership, after paying an initiation fee, you will receive trade dollars so you can start trading!

How does Local Trade Group Earn Money? Local Trade group collects a small monthly fee plus a fee on each transaction, currently 5%, from the buyer and the seller.

I already trade on my own; why should I join Local Trade Group? The problem with one-to-one trading is each business must want or need what the other business has to offer in equal dollar amounts. Fortunately, at Local Trade Group, everyone can trade (buy or sell to) any other trading member of our Group, and related groups.

What if I cannot find something I want to spend my trade dollars on? TLG will help you look both locally and, if necessary, outside our group as well!

How will other members find out about me? LTG will help promote your business to our members and you can also advertise to other trade groups around the US and beyond through our website.

What if I want to buy goods or services and I do not have enough trade dollars to purchase it? Trade credit lines can be set up for qualified members just like a bank extends credit to its qualified customers.

What other ways are there to use barter? Many members use trade credit to pay employee bonuses. Some members pay their employees a portion of their salaries in trade credit. At your request, we can set up employee sub-accounts and will assist your employees in using their trade credits as advantageously as possible. Employees need not pay the trade fee; it can be prepaid when a member transfers credit to a sub-account.

It is also possible to pay some of your bills with trade credit. We can help your creditors spend their trade dollars effectively. Paying bills with trade credit is just one more creative way to use your trade credit.

LTG can even use trade credit to collect past due accounts. Often, a business that owes you is willing to pay on their account with goods or services. If their goods or services are acceptable to Local Trade Group, we will purchase them in the amount equal to your account. We will credit your Barter account for the amount of your Debtor's delivery. You can then use that credit to obtain goods and services.

What happens to my trade dollars if I stop my membership? If you are a member in good standing, you may give LTG notice that you want to stop your membership. You will not need to trade/sell anything, and you may use up your trade balance and take as long as you want. You will be charged the regular $7 plus T$7 Trade Dollar monthly fee, as long as you have a trade balance. Or you may choose to forfeit your remaining trade balance at any time and no longer pay the monthly fee.

Are there tax advantages of trading? There are no advantages nor disadvantages since the IRS treats trade income the same as cash income for tax purposes. Furthermore, business expenses purchased through trade can be deducted, as well.

How do I know how much trade income to include on my tax return? At the end of each year, LTG will total your trade sales and submit this information to the IRS on form 1099B. We will also send you a copy of this form for your records, sixty days prior to our filing date.

Who decides what price the seller will charge? LTG members are expected to trade their goods and services for barter at the same price they would sell them for cash. Members not conforming may lose their membership.

This is interesting. How can I find out more? Contact Pam Hanson; she will be happy to answer your questions.