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Numbers: Barter is back

British Airways Business Magazine leads with an in-depth article on barter.  Some great numbers here:

  • 500,000 + companies across the world belong to a barter system

  • One of its leading proponents is Bartercard, an Australian based
    company with around 75,000 members worldwide.
  • A$1.5bn was bartered in the
    company’s marketplace last year.
  • Goods are priced at their normal cash value and Bartercard’s cut is 6.5
    per cent (5.5 per cent in cash and 1 per cent in trade) of the value of
    each transaction to both parties.
  • The US-based International Reciprocal Trade Association says that
    American barter exchanges now stand at 250,000, up from 200,000 five
    years ago.
  • Bob Meyer, the publisher of Barter News, told Forbes that he reckoned
    that in the US a million small businesses bartered in some way and that
    the transactions were worth $20bn annually.
  • Meyer said he
    expected barter to grow at 10 per cent this year (5 per cent is more
    normal) as when cash is tight, interest in bartering increases.
  • China signed a barter deal with the Democratic Republic of the Congo
    worth $9bn — the largest ever. China committed to build the country
    $6bn worth of infrastructure in return for a slice of its mineral
    wealth. Both parties held the deal up as a win-win.

About Chris M Skinner

Chris M Skinner
Chris Skinner is best known as an independent commentator on the financial markets through his blog, the Finanser.com, as author of the bestselling book Digital Bank, and Chair of the European networking forum the Financial Services Club. He has been voted one of the most influential people in banking by The Financial Brand (as well as one of the best blogs), a FinTech Titan (Next Bank), one of the Fintech Leaders you need to follow (City AM, Deluxe and Jax Finance), as well as one of the Top 40 most influential people in financial technology by the Wall Street Journal’s Financial News. To learn more click here...

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One comment

  1. I think during the financial crisis more and more people have begun bartering. I know that personally I have started to barter my services to cut costs. I use http://barterquest.com because I think it is very user friendly.

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