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Bartercard has been operating in Australia as a major financial institution for over 20 years and I was surprised an article did not exist.
Having had some dealings with Bartering does anyone else think the system is fatally flawed? Any small buisness joining is paying a large upfront fee, cash fees at an effective rate of 11% on every transaction and more importantly it kills cash flow, paying out cash for labour, parts etc and only receiving barter pounds in exchange. It also appears the system suffers with hyper inflation, although it's stated you must trade at same prices you would charge in the cash world nobody does, and there this little in the way of controls to stop insiders effectively printing their own money by running trade pound overdrafts that will never be repaid, which in turn fuels inflation as the amount of trade pounds in issue keeping rising.
Also having problems with BarterCard. There is no barter involved in the transactions, it is a complicated contract which I would like to know more about. — Preceding unsigned comment added by 47.72.197.129 (talk) 04:53, 14 December 2015 (UTC)
- This talk page is only for discussing how to improve this article, not for generally discussing the subject of the article. To seek additional information concerning matters covered by Wikipedia, consider posting at the reference desk. Regards, TransporterMan (TALK) 06:01, 16 December 2015 (UTC) (Not watching this page)
Has anyone else noticed that this page reads like an Advertisment? Dire need of some work, this one. Churba (talk) 23:54, 11 January 2016 (UTC)