[ic] barter, trade exchange catalogs

Dan McFarland dan@mailturtle.com
Fri, 6 Apr 2001 15:04:11 -0500

As a barter exchange owner, the best way to do it is to use a double- sales
tax set-up.  One tax would be the transaction fee, the other the sales tax.
This would keep them separate for accounting.

The other option is to add the transaction fee to the sales tax percentage.
Say the transaction is 10% and the sales tax 5%, make the tax item TRADE
FEE/TAX at 15% total.  The drawback being if the user is non-taxable (out of
state parhaps) it would not add any tax or fee.

Dan M.

----- Original Message -----
From: <cfm@maine.com>
To: <interchange-users@lists.akopia.com>
Sent: Friday, April 06, 2001 2:58 PM
Subject: [ic] barter, trade exchange catalogs

> We're setting up a trade exchange that uses a mixture of barter
> dollars and real cash.  Has anyone done that and can they share
> any issues?  Customers, all of whom must be registered users, will
> pay for any given purchase in a variable mix of trade and cash.
> Unregistered users will only be able to use cash/cc.
> It's gotta sound simpler than it really is.  OTOH, it might not
> be much different logic than coupons.
> cfm
> --
> Christopher F. Miller, Publisher                             cfm@maine.com
> MaineStreet Communications, Inc         208 Portland Road, Gray, ME  04039
> 1.207.657.5078                                       http://www.maine.com/
> Content management, electronic commerce, internet integration, Debian
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