Transaction Fee Close this window
 
asiaBarterZone.com charges a Transaction Fee on sale and purchase only. Payment of cash fee will be due upon receipt of the monthly statement. Buyers and sellers split Transaction Fees—the costs of doing business on asiaBarterZone.com are shared.

Current Transaction Fees are:

Fee Buyer Seller
Cash (Malaysian Ringgit) 5% 5%
Trade (TRM) 1% 1%

Example of Typical Transaction

If you sell RM1000 worth of products or services to another client in BBN Network, the interim statement (Current Activity) will show the following:

For Seller's Account: For Buyer's Account:
Trade Credit Earned:  TRM1000.00 Trade Debit Balance : TRM1000.00
Less: Add:
Trade Fee (1%)        TRM10.00 Trade Fee (1%) : TRM10.00
Trade Credit Balance:  TRM990 Trade Debit Balance:  TRM1100.00
Cash Fee (5%)  Due:  RM50 Cash Fee due: RM50.00

 

Seller will receive TRM990 (Trade Ringgit) in their BBN trade account that can then be used to purchase anything from the other trading clients within the BBN network. BBN is considered a third-party record keeper, providing monthly statements to all clients, which reflects all purchases and sales and their account balance.

Client could view online live account information of the trading activites such as:

  1. Account Balance
  2. Current Activity
  3. Transaction History

Taxes:
Barter sales are treated as income, but barter purchases are often deductible if they are reasonable business expenses. Please consult your tax advisor for more information.