What’s Happening In Today’s
Marketplace...The Use Of Trade Exchanges & Corporate Barter
Mixing Trade Exchange Dollars With Non-Profit
In Ashland (OR), a new idea is taking hold. OurNexChange, a
for-profit trade exchange, will be interacting with a sister program
called the Time-Dollar Community Exchange.
NexChange will charge a 3% to 7% transaction fee on every trade,
while Time-Dollar intends to pay for “neighborly help” or volunteer
work at a fixed rate of 16-credits per hour. The Time-Dollar
Community Exchange is considered “community enhancement,” and can be
Time-dollar credits will enable non-profit organizations to attract
more volunteers, since they are paid in credits, and would promote
their mission through exposure on the barter website at the same
Members of the trade exchange (OurNexChange) are able to trade more
expensive professional services at the lower Time-Dollar Community
Exchange rate as a form of “giving back to the community.”
Time-dollars also can be used for the barter of used goods which,
under IRS codes, are non-taxable.
Presently the IRS considers the commercial for-profit trade exchange
and the non-profit Time-Dollar system to be “apples and oranges”
i.e., different systems that should not be operated under the same
corporation and technology.
The developer and owner of these systems, Sharon Miranda, is working
with the IRS to allow members to use both systems, enabling transfer
of credits from the trade exchange to the Time-Dollar accounts.
According to Miranda, U.S. dollars are limited and hard to come by,
but human energy and idle resources are virtually unlimited. She
hopes her idea of a joint bartering system will benefit everyone in