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FAQ Green Apple Barter Card

How will Green Apple benefit me?

Green Apple will refer new clients to purchase your available inventories. You will use the trade dollars generated from these new sales to make purchases.

Trade dollars are liquid in the network. The net results is a larger client base, improved cash flow and higher profits.

How do I know what is available to be bought and sold?

Call your trade brokers! He/she will assist you in your buying and selling across the country via the Green Apple Trade Network.

How do I make a purchase or a sale?

Call your trade broker! He/she will guide you through your transactions. In most cases you will negotiate directly w/ the buyer and seller, deciding prices, shipping, etc. Remember Green Apple is a third party record keeper.

You may buy before you sell!

Green Apple extends a line of credit based on the products and services offered for trade. Products and services in demand will receive a high line of credit. Those where the demand is not great will receive a lower credit limit. Accounts accessing their line of credit are assessed an interest charge payable in trade dollars of .5% per month.

What about taxes?

Taxing authorities usually consider a barter or trade transaction to be a taxable event.

Trading offers no tax advantages or disadvantages. It is treated as a cash sale or purchase. Sales tax must be paid in cash. Green Apple reports all trade sales to the IRS on Form 1099B. Bartering is not a way to avoid tax obligations.

How much will it cost to participate in the Green Apple Barter Network?

Green Apple works primarily on a commission basis.

A 6% cash fee is charged every time you participate as a buyer or seller. There is a one time start-up fee of $400(half cash-half trade) and a nominal monthly service charge of $40(half cash-half trade).

How are records maintained?

For each transaction the buyer and seller will each receive a signed copy of the trade draft.

On the first of the month you will receive a statement listing of all your trade activity for that billing month, your current trade balance, credit available, and a summary of your trade activity for the year to date, as well as any fees due to Green Apple.

Problems, questions, comments?

Call your trade broker!

© 2008 Green Apple Barter Services