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Joining An Exchange
If you have determined that commercial barter is for you, then you should take the following steps:
- Locate an exchange nearest you. The IRTA Membership
Directory will enable you to search for IRTA member exchanges. Make sure you know why it is important for an exchange to be an IRTA Member Exchange or an IRTA Certified Exchange.
- Develop a List of Wanted Goods or Services. Identify
10–12 items or services that you typically, and perhaps regularly, spend cash on. Show this list to the exchange you are considering and have them provide information on their availability.
- Determine if you will be assigned a Trade Broker within
the exchange.
- Understand the fee structure of the exchange. Ask the
exchange to go over any costs associated with becoming a member, maintaining membership annually, as well as the cost of trading within the exchange (transaction fees). Not all exchanges charge the same.
- Determine with the exchange the anticipated demand for
your product or service within the exchange membership. You want to know if you should be prepared for either a lot of requests from exchange members or infrequent requests. If the exchange does not believe that there will be reasonable demand for your product or service, you should think twice about joining.
- Ask the exchange about their code of conduct and
affiliations with organizations like the IRTA. Exchanges who participate in such organizations typically have a higher standard and work hard to protect their reputation within the industry. See "Why Join IRTA".
- If you have a product or service that can be sold to a
global marketplace, ask the exchange what resources and affiliations they have to sell your goods in this way. For example, Universal Currency allows exchanges to access a worldwide barter marketplace.
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