The good, the bad and the ugly.

The good, the bad and the ugly.

Posted: 26-Apr-2018

Clint Eastwood is one of my favorites. He's always under control. But the bad and ugly guys are out of control. Can you hear the background music now?
 
Have you ever done a direct trade? One where you gave someone your goods for an equal amount of their goods and it worked out without problems? Direct trades can be good. You probably wouldn't be in a barter network if you hadn't done direct trades in the past. The government doesn't like them because it's possible you are avoiding taxes, so even though they can work out well you really should notbe involved, unless you fully report it of course.
 
What if a direct trade goes bad? The person you did the direct trade with never delivers. Or the delivery was less than agreed upon. This can get ugly, and fast. It's amazing to us how often we find out about a direct trade because it went bad, and then the injured party calls us to help them! Sorry but you're on your own on this one.
 
Direct trades might seem good at the start but the risk to reward ratio is not in your favor.
 
Unreported income is a crime. And they are a violation of the Marketplace Rules of ITEX that you agreed to abide by when you joined. We can't assist you when a direct deal goes bad.
 
No big deal you may say. But why risk the opportunities available to you through ITEX for one deal? Why risk the government finding out about this and causing a tax headache? Why give up all the protections built into the ITEX system if the deal goes bad? No arbitration; no Trade Director to manage a solution. It's called being "Out In The Cold". And out in the cold is a very, very lonely place.