Is the Tradia ® exchange concept legal?
Yes it is. In 1984, the IRS regulated the barter industry, recognizing it as a legitimate way of doing business. Our cashless system of accounting is regulated by the IRS in the same category as banks, credit card companies and lending institutions.
How do I handle income taxes on Tradia Dollar revenues?
Every business and individual case is different. We cannot give tax or accounting advice. Please consult a licensed, reputable accounting professional regarding your specific situation. Tradia Dollars are considered by the IRS to be reportable income and Tradia will provide a 1099-B each January for the preceding tax year, of all sales revenues for each Tradia account.
Is a Tradia Dollar worth a dollar?
Many members believe that saving money is making money. Every time you spend Tradia Trade Dollars for anything you would normally pay cash for, is a real value in anyone's eyes.
What is backing or guaranteeing Tradia Dollars?
For every Tradia Dollar in circulation there is a Tradia Dollar owed to circulation by another member account. To our knowledge, there isn't any other barter system that can make such a claim. Tradia is driven to maintain not only a balanced economy but also a barter system where a trade dollar maintains the value of a dollar.
What is the biggest benefit of using Tradia Dollars?
That has to be when you spend your Tradia Dollars and keep your cash in your pocket where it belongs! Secondly, it would be the new customers you receive that would not have been there without Tradia. Thirdly, when you purchase through the Tradia system, you are giving yourself a discount. Tradia gives you the ability to use your profit margin when you buy as well as when you sell. For example, if you are in the tire business, you purchase at a lower price and sell at a higher price. This is your profit margin. If tires cost you $25.00 and you sell them for $50.00, then every $50.00 purchase you make with Tradia Dollars only costs you $25.00. Every purchase you make is at your cost of doing business. When you turn used inventory into Tradia Dollars, it's new found money working for you. Imagine trading that used pick-up truck for Tradia Dollars and spending them on much needed dental care. Makes perfect sense, doesn't it?
Who controls how much I trade?
You control the volume of sales and purchases made through your Tradia account. We ask each business account to be open for barter sales for at least a month at a time, if possible. We want the Tradia directory to be as accurate as possible for all members.
If I'm a business account, is a listing in the directory mandatory?
No, some businesses are so much in demand or their profit margin is so low that being in the business directory could be detrimental to their cash flow. There are also companies who have too much cash business that it does not make good sense to replace cash with non-cash or barter business. Because of their lack of available time they may only accept Tradia customers to fill in the occasional down times. They love new Tradia customers, but only when it makes sense to their business.