Trading Policies

The following trading policies represent the standard policies that should be used for transactions between New Barter Networks ("NBN") members, unless another method has been specifically agreed to by transacting members. If an alternative policy for a specific transaction has not been agreed to between buyer and seller for a specific transaction, then the policies described below will be in effect for all transactions.

 

Buyer Funds: In order to receive credit for a sale, sellers are responsible for ensuring that buyers have sufficient funding in their New Barter Networks account to complete a transaction. Prior to performing a service or shipping a product, a seller must verify buyer's ability to purchase by completing the online Trade Authorization Form or by otherwise contacting New Barter Networks for an authorization number. 

Sales Taxes: Members buying a product or service that is subject to sales taxes are expected to pay such taxes to the selling member in cash. This payment must be made via a separate transaction between the buyer and seller and not through New Barter Networks. (User Tip: If the purchase is something that needs to be shipped, it is recommended that the seller process and collect sales tax payments from the buyer before the product is shipped.)

Seller Enters Transactions: The party responsible for recording a transaction into the NBN online system is the Seller. The buyer in a transaction should not record transactions into the NBN system.

Shipping: Members buying a product that needs to be shipped by the seller are expected to pay such shipping costs to the selling member in cash. This payment must be made via a separate transaction between the buyer and seller and not through New Barter Networks. (User Tip: It is recommended that the seller process and collect payments for shipping charges from the buyer before the product is shipped in order to avoid misunderstandings between members.)

Tipped Employees: Employee tips (for restaurant employees, for example) are expected to be paid by the buyer in cash.