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BarterQuest on FoxBusiness News.

Win a $50 Amazon Gift Certificate

Thanks to our users, our community has experienced an immense growth in the past months. Numerous new users joined, a lot of items were offered and many services were swapped. To thank everybody we are announcing a sweepstakes starting on September 1st 2010 to give you the chance to win a $50 AMAZON Gift Certificate.

It only takes a few seconds to participate:


twitter

- retweet the following message on TWITTER:

“Win a free Amazon Certificate on #Barterquest. Find Information on http://tinyurl.com/29n44jp

or


facebook

Become a fan of BarterQuest on FACEBOOK and post on our wall what you like about BarterQuest or bartering in general.

or


invite

Register on BarterQuest and invite your friends.

By tweeting on Twitter AND posting on Facebook AND inviting friends you increase your chances to win. Do your best and have fun! :-)

The winner will be announced on October 11th, 2010.

No cash? No problem, if you barter

No cash? No problem, if you barter

originally posted by A. Kawlowski on http://www.cnn.com/2008/LIVING/wayoflife/09/02/bartering.rise/index.html

(CNN) — Miriam Brown has always wanted to visit Cape Cod, but when she recently began to plan a trip and found out she would have to pay $200 or more a night for lodging, her dream vacation seemed out of reach.
Miriam Brown and her husband bartered their services for room and board on Cape Cod.

Brown, who lives in New Orleans, Louisiana, is an accountant. Her husband is a home renovations contractor.

Like many people dealing with a soft real estate market and high food and gas prices, they just don’t have that kind of extra cash for a trip.

“I have traveled a lot in prior years, but after [Hurricane] Katrina, there’s just no money for traveling,” Brown said.

So she still plans to go, but she won’t spend any cash at all on lodging.

Brown has joined the growing ranks of Americans who are bartering — trading goods and services without exchanging money — as a way to cope with tough economic times.

Brown posted an ad in the barter community last month, offering to trade her accounting skills and her husband’s knack for home repairs in exchange for room and board on Cape Cod, Massachusetts.

She has lots of company.

“When the economy turns unfriendly, users become far more creative to get their everyday tasks done,” Susan MacTavish Best said.

Swapping ‘to get by’

Other Web sites that put Americans in touch with like-minded people who are willing to trade everything under the sun have also seen a boost in traffic.

“I think a few years ago it was more for fun,” said Jessica Hardwick.

“But we’ve seen a real shift in the last year, and especially an increase in the last few months, where I think people are really doing it to get by.”

Some of the most popular items to trade for late this summer were school uniforms, which some parents found they could not afford to buy for their children, Hardwick said.

Experts aren’t surprised Americans are becoming more financially creative during an economic downturn.
Dealing with the economy

• 67 percent of consumers have haggled in recent months, compared with 33 percent in 2006

• 61 percent of consumers now regularly use a shopping list, compared with 35 percent last fall

• 70 percent of shoppers now look primarily for “the deal” in the Sunday inserts, compared with 51 percent last fall

“Historically, when times get tough, you see a 50 percent-plus increase in bartering as a way for people to be able to buy things or get things and do it economically,” said C. Britt Beemer, chairman of America’s Research Group.

The company talks with thousands of consumers every week to gauge their spending habits and attitudes.

A couple of years ago, many Americans had $500 to spend at the end of the month, but that money has evaporated because of rising prices, Beemer said.

“We’ve never had a time, at least in my lifetime, where you have food and fuel going up at the same time. So it isn’t a question of buying things, it’s a question of buying nothing,” Beemer said.

Breast implants and a horse

Businesses have long recognized the benefits of bartering, and there are hundreds of barter networks set up across the country to fill their needs.

They use barter credits as currency, so a plumber in need of a filling doesn’t need to search for a dentist’s office with plumbing problems to make a deal. He can fix a leaky pipe for one member of a network and use the credits he earned for that job at any other.

“Really, there are no limits to it. We trade for just about anything you can think of,” Michael Krane said.

Bartering on this scale is also robust in tough economic times. Krane said his exchange has seen a 20 percent rise in barter transaction volume in the first six months of this year.

A longtime client is Thomas Forrest, an orthodontist in suburban Pittsburgh who barters his services for everything from office improvements to stationery. His practice hasn’t been affected by the economic downturn, Forrest said, but some of his patients seem glad to be able to visit him under the barter arrangement.

“I think if you have a business owner who has children in need of braces, I sense a gratitude that that’s available,” Forrest said.

Barter exchanges must carefully document all trades, since the Internal Revenue Service considers income from bartering as taxable. However, a barter exchange “does not include arrangements that provide solely for the informal exchange of similar services on a noncommercial basis,” according to the IRS.

In New Orleans, Brown and her husband are getting ready to go to Cape Cod after finding a taker for her bartering offer. The couple will work five hours a day in exchange for staying in “a beautiful three-bedroom house right in the center of it all,” Brown said.

“We can do a lot more if we don’t have to pay for room and board,” she added.

Quote of the week

“He who wants to barter, usually knows what is best for him” – African Proverb

Enter BarterQuest’s Giveaway and Win an Apple iPod Nano!

We have a winner! Enjoy your iPOD NICOLE! (@gettsum)

Promotion ended June 24th

Stay tuned for more promotions!

image of the iPod
Win a FREE Apple iPod!
Just complete one of the following to enter:
Option 1

Retweet the following message on TWITTER:
“Win a free iPod on #Barterquest http://tinyurl.com/2dj22x2

Option 2
Become a fan of Facebook and post on our wall what you like about BarterQuest or bartering in general.
Option 3
Register on BarterQuest and invite your friends

By tweeting on Twitter AND posting on Facebook AND inviting friends you will increase your chances to win. The more often you tweet or post on Facebook, the more chance you will have of winning. Enter now, enter often, and good luck! :)

This giveaway will end on June 24, 2010

BarterQuest Forms Advisory Committee

Trading site forms Advisory Committee of industry experts

NEW YORK, March 02, 2010 – BarterQuest (www.barterquest.com), a platform that supports the cashless exchange of goods, services and real estate, today announced that it has formed an Advisory Committee to provide expertise and guidance to senior management. The areas in which the Committee will compliment senior management include B2B e-barter, marketing, and business development. The members of the Committee are the following:

Ray Bastarache is a pioneer in B2B e-barter. He founded Barter Network in 1985, which was a clearinghouse for businesses that traded the goods and services which they produced for the goods and services they needed. The company was one of the largest and most successful trading networks in the United States. After its sale, he remained active in the e-barter industry in various capacities. Mr. Bastarache has served as Treasurer, Vice President, and President of the International Reciprocal Trade Association (IRTA). He received two Distinguished Service Awards from the Association and its first Mentorship Award. In 2009, the barter industry awarded him the “Legends of Barter” Award.

Harjiv Singh is the co-founder and Co-CEO of Gutenberg Communications, a global strategic communications firm. A serial entrepreneur, he has more than 15 years experience in the communications, technology and financial services industries. Mr. Singh frequently speaks and writes on a range of public relations issues, including the impact of globalization. In 2007, he was recognized as one of the leading PR professionals in the Asia Pacific region.

Dr. Sheldon Weinig founded Materials Research Corporation, a multinational semiconductor company listed on the American Stock Exchange that was thereafter acquired by Sony. In 1996, he retired as Vice Chairman of Engineering and Manufacturing of Sony America. He is currently an Adjunct Professor at Columbia University and SUNY at Stony Brook. Dr. Weinig was inducted into the National Academy of Engineering in 1984 and in 1988 was awarded the rank of Chevalier dans l’Ordre National de la Legion d’Honneur by the French government.

“We are excited about the value that the Advisory Committee can bring to the future development of BarterQuest,” stated Paul Bocheck, President. “We are gratified that people of the caliber of Ray, Harjiv, and Shelly have been willing to lend their experience and insight to our company. Not only should this make BarterQuest a more successful business, but it should help us better serve our users.”

About BarterQuest

BarterQuest supports the cashless exchange of all types of goods, services, and real estate. BarterQuest provides a trading platform based on proprietary technology (patents filed) that instantly matches the haves and wants of users for two party and multi-party trades. Barter is facilitated by a user friendly Web design that is unique in its combination of features that support trading.  BarterQuest is headquartered in New York, NY and is owned and operated by JPM Global, Inc., a Delaware corporation. For more information, visit www.BarterQuest.com.

Check out the new BarterQuest!

We have released major new enhancements to BarterQuest. Two of the more important changes that we have introduced are account verification and the equalization of trading values by using points, a non-cash exchange currency.

As part of making BarterQuest a safe and enjoyable trading platform, we now encourage all users to verify their accounts.  There is a one time verification fee of $1.99 to complete the verification process.

Why do I need to be verified?

We want everyone to have a good experience when they trade with any of the thousands of other users on our site. Account verification increases the security of trades, providing greater confidence that you will get what you bargained for. When you verify, others will have more confidence that you are who you say you are. They will be more likely to trade with you. Moreover, you must verify before you can use points.

How do I verify my account?

Verification is fast and easy. The whole process should take less than three minutes.

We are using PayPal to process our account verifications. PayPal has a well earned reputation for keeping personal information safe. From our site, you will be redirected to PayPal, where you can either use your existing PayPal account to login or securely enter your billing information with a valid credit card. After PayPal processes the payment of the verification fee, we will capture your address and telephone number for our records. Your account will then be verified on BarterQuest and you will be able to use points.

There are several ways our site will direct you to the verification process:

  • At the time of your first login, new users will be asked to verify their account. Account verification is not required at this point, but we encourage all new users to verify their accounts as soon as possible. As a verified user you are someone with whom other users are more likely to initiate trading activity. In short, you will be more likely to receive offers and more offers.
  • For existing users, simply click the “My Account” icon on the upper right hand corner of the site. Under “Account Settings,” there will be a new link named “Verify My Account.”
  • If a user tries to send or receive points  as part of a trade,  they will need to verify their account before taking this action.

Upon successful verification, the user will have a “Verified” checkmark next to their user name wherever it appears on the site.

What are points and why do I need them?

Points are our non-cash exchange currency. One point equals one dollar. You can purchase points at any time and your points can be redeemed for cash. You can “accumulate wealth” by trading for points and then use the points to acquire items.

The principal use of points is to allow you to equalize the value of a trade, for example, my item plus 10 points for your item. Consequently, points are best utilized when the parties believe that there is a significant difference in the value of the items to be traded. Points are not meant to substitute for your judgment that a trade is generally fair, that is, that you are getting something of equal or greater value to you than the item you are trading. If you try to be too precise in your valuation, your opportunities to trade can and probably will seriously diminish. This being said, points can represent a material portion of the total value of what you are offering or what you will receive (and, as previously mentioned, you can, in fact, offer points alone to acquire items posted on our site). As is the case with any offer, the owner of the item is never obligated to accept points as part of or in lieu of a trade.

Users are not able to request points alone as payment for their items. This is to prevent users from bombarding you with what amounts to solicitations for the purchase of whatever they have to sell. After all, you are on our site to trade, not buy.

The transfer of points from one trading partner to another is subject to our Secure Payment feature. Secure Payment is intended to provide you with greater assurance that if you use points in a trade (or alone for the acquisition of an item), you will not lose the points if you don’t get what you bargained for. It is a form of escrow, pending the satisfactory completion of the trade. Your trading partner will not be able to use the points in another trade or redeem the points for a period of 14 days following (1) the confirmation of a trade involving goods, (2) the completion date for services, or (3) the first occupancy date for real estate, unless you have decided to release the points earlier. If you dispute the trade during this period, the points will not be released to your trading partner until the dispute is resolved.

How do I purchase points?

There will be two ways you can purchase points:

  • Under “My Account,” there will be a new section named “My Points.” This section will show all your points activity, like point purchases or the points you received in a trade – similar to a bank statement. Here, the user can purchase any amount of points for use when sending an offer, counter offer, or accepting a trade.
  • If you send an offer (or counter offer) involving points, or if you receive an offer requesting points (in addition to your item) and want to accept the offer, the necessary amount of points must be available in your account or any deficiency will be pre-authorized for your purchase at that time. The actual purchase of any points necessary to complete the trade will occur only when you enter into a trade agreement (when the trade is confirmed).

We are very excited about the “re-launch” of BarterQuest and believe that the site is better than ever. Please let us know of any comments or questions you may have. Good luck and good trading!

A BarterQuest poem for the holidays

A BarterQuest Holiday

The snow is deep and my money is low,
And I’m tired of searching at thirty below
For the things that I want for myself and for others,
For my friends, for my parents, my sister and brother.

I have things to offer (everyone does).
I just bought a laptop, but my old one still purrs,
And my room won’t be used when I am away,
And I can paint all your walls while you are at play.

But what can I get without getting shot?
Craigslisters can be an uncertain lot,
And books are so dull, and so are CDs,
Where are the interesting things for under the tree?

Then lo and behold, BarterQuest comes into sight,
Full of the things that make holidays bright:
Scuba gear for me, earrings for mom, beach condo for dad,
Ipod for brother, and for sister…jeans that are rad.

BarterQuest has helped me do the holidays right,
To give a Merry Christmas to all and to all a good night!

BarterQuest at PayPal Conference

Bianca, Paul and I just returned from the PayPal X Innovate 2009 developers conference, where we exhibited BarterQuest as a silver sponsor. PayPal has been working with us to develop tailored applications for the payment of  fees and charges in an easy and secure manner when introduced onto the site. Starting at the top with Scott Thompson, the President of PayPal, and including John Donahoe, the CEO of eBay (which owns PayPal), we were able to meet and greet various people at PayPal and, we hope, further cement the  positive perception that PayPal has of BarterQuest and the BarterQuest platform.

The conference presented a tremendous opportunity for the company to network with the Internet community more generally. We met numerous participants in the technology area and initiated a number of discussions relating to applications for our platform. There is no doubt that we were able to unfurl our flag, wave it repeatedly, and raise our profile. There was constant activity around the BarterQuest kiosk. Responses ranged from very interesting to a great idea.

On a more personal note, it was a thrill for us to see the BarterQuest name projected on a giant screen in the same space as very well established players in the technology arena. It was more than interesting to note that at the closing keynote address in the “big hall” specific mention was made of “innovative developers who have created a global bartering platform with a virtual currency” as an example of how the Internet will be pushed forward into the future. Sounded a lot like BarterQuest! In the words of my generation, it was all very groovy.

Trading Clubs & Forums

We are happy to announce that, Trading Clubs and Forums are now online on Barterquest.com!

So go ahead and join the club that best fits your interests, and afterward why not talk about it with other users on the forum.

barterquest_clubs barterquest_forums
Trading Clubs Forums