Clients will sell goods and services at their current or prevailing retail prices for trade credit to other clients in good standing with Western Trade Alliance. Barter Dollars must be accepted for the total value (100%) of a transaction unless prior arrangements have been made with Exchange. Real estate and individual transactions of substantial value may be negotiated for a partial cash payment by prior agreement between Clients. Purchases of equipment for a specific service (such as plumbers, electricians or auto mechanics) may be reimbursed for such purchases in cash. Any mark-up must be accepted in barter dollars.
Members of Exchange selling products or services for inflated prices will be given one warning. If a member continues to sell products or services substantially above retail or continues to charge a premium for barter transactions, that member will be expelled from the Exchange and forfeit all funds in their account.
Barter dollars shall not be considered as legal tender, securities or commodities, by either Exchange or its clients, and may not be redeemed for cash.
Gratuities and taxes, which are standard to the client, shall be collected by the client and shall be paid in cash or other acceptable means at the time of the transaction. Exchange shall not be responsible for the failure to collect tax or gratuities.
Buyers must identify themselves to the seller as an Exchange member PRIOR to making purchase arrangements. Trade between clients without the knowledge or approval of Exchange is prohibited, and if consummated, is subject to a cash transaction fee from both the buyer and the seller at the current Exchange rates. Continued violation of this policy will result in expulsion from the Exchange.
Purchases by Clients will be limited to the amount of barter dollars accrued to their accounts unless secured by collateral and approved by an officer of Exchange. Client grants to Exchange the right and power to make barter dollar loans to any client on terms and conditions consistent with the Client's credit status and the ability to repay the loan. The exercise of this power shall be at the sole discretion of Exchange with regard to principal, interest, collateral terms, and other particulars. Interest will be charged monthly to all clients whose accounts are in a deficit position as this is considered a loan. The interest charge will be based upon the deficit balance as of the end of each month.
The client may cancel this agreement with 30 days written notice. Upon cancellation all barter dollars must be spent within 90 days on products and services available through the Exchange. All transaction fees of the balance remaining in the client's account are due before any additional transactions will be approved. Any Member with a negative barter balance (where purchases exceed sales) must balance its account with Exchange Dollars within four (4) weeks of termination date. After said four (4) week period, Member must immediately pay Exchange any remaining negative balance in cash. Exchange reserves the right to charge any fees due against credit cards or EFT authorizations on file.
Exchange shall not be responsible for any and all disputes between buyer and seller. Said disputes shall be settled by the parties themselves. Barter transactions are entered into on a voluntary basis by buyer and seller. Exchange shall not be responsible for the service quality, delivery, warranty, or dispute between buyer and seller. The client hereby indemnifies Exchange and shall hold Exchange harmless with respect to any claim, debt, or liability whatsoever, arising out of any trade or transaction wherein client is a buyer or seller.
All clients agree not to use proprietary information, clients or systems concerning or related to Exchange. All clients further agree not to use proprietary information, clients or systems as a separate or independent company or partner with any other companies with the purpose of doing business in the barter and trade industry.
An authorization must be obtained from Exchange for each purchase. To receive credit for a transaction, Seller must: read more: click here
Westerntradealliance.com
Members of Exchange selling products or services for inflated prices will be given one warning. If a member continues to sell products or services substantially above retail or continues to charge a premium for barter transactions, that member will be expelled from the Exchange and forfeit all funds in their account.
Barter dollars shall not be considered as legal tender, securities or commodities, by either Exchange or its clients, and may not be redeemed for cash.
Gratuities and taxes, which are standard to the client, shall be collected by the client and shall be paid in cash or other acceptable means at the time of the transaction. Exchange shall not be responsible for the failure to collect tax or gratuities.
Buyers must identify themselves to the seller as an Exchange member PRIOR to making purchase arrangements. Trade between clients without the knowledge or approval of Exchange is prohibited, and if consummated, is subject to a cash transaction fee from both the buyer and the seller at the current Exchange rates. Continued violation of this policy will result in expulsion from the Exchange.
Purchases by Clients will be limited to the amount of barter dollars accrued to their accounts unless secured by collateral and approved by an officer of Exchange. Client grants to Exchange the right and power to make barter dollar loans to any client on terms and conditions consistent with the Client's credit status and the ability to repay the loan. The exercise of this power shall be at the sole discretion of Exchange with regard to principal, interest, collateral terms, and other particulars. Interest will be charged monthly to all clients whose accounts are in a deficit position as this is considered a loan. The interest charge will be based upon the deficit balance as of the end of each month.
The client may cancel this agreement with 30 days written notice. Upon cancellation all barter dollars must be spent within 90 days on products and services available through the Exchange. All transaction fees of the balance remaining in the client's account are due before any additional transactions will be approved. Any Member with a negative barter balance (where purchases exceed sales) must balance its account with Exchange Dollars within four (4) weeks of termination date. After said four (4) week period, Member must immediately pay Exchange any remaining negative balance in cash. Exchange reserves the right to charge any fees due against credit cards or EFT authorizations on file.
Exchange shall not be responsible for any and all disputes between buyer and seller. Said disputes shall be settled by the parties themselves. Barter transactions are entered into on a voluntary basis by buyer and seller. Exchange shall not be responsible for the service quality, delivery, warranty, or dispute between buyer and seller. The client hereby indemnifies Exchange and shall hold Exchange harmless with respect to any claim, debt, or liability whatsoever, arising out of any trade or transaction wherein client is a buyer or seller.
All clients agree not to use proprietary information, clients or systems concerning or related to Exchange. All clients further agree not to use proprietary information, clients or systems as a separate or independent company or partner with any other companies with the purpose of doing business in the barter and trade industry.
An authorization must be obtained from Exchange for each purchase. To receive credit for a transaction, Seller must: read more: click here
Westerntradealliance.com
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