Word: bartering
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...barter bank for individuals has never operated in a city as big as Boston, Magder said...
...important thing to remember about The Barterbank is that it uses a system of indirect barter," Donald J. Magder, co-founder and co-director of the bank, which is presently used by about 60 people, said...
...have to swap one-on-one with the same person, but you can trade your services for credits which you can use to obtain the specific service or good that you need," Magder added, saying, "This system gives you a lot more flexibility than a direct barter system...
...Bartering seems to be an idea whose time has come. Barter journals and columns in newspaper classified sections are growing in number. The Department of Commerce estimates that 20 per cent of all U.S. trade will be on a barter basis within the next ten years...
...Barter networks have been important to small and large businesses for the last four or five years, Magder said. However, the interest in barter networks among individuals has been relatively recent...