All Topics / Help Needed! / Bartercard Points

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  • Profile photo of AUSPROPAUSPROP
    Participant
    @ausprop
    Join Date: 2003
    Post Count: 953
    June 30, 2004 - 6:21 am

    just wondering what conversion rate people use when accepting bartercard points on sale of property… If I said 2 points are only worth $1 cash would I be being too harsh on bartercard? I saw the discussion on contrabart which I understand is shaky, but I don’t think it got to the crux of what a bartercard point is really worth.oh and to be more specific – if you had two offers in front of you, one with barterdard at 10% higher offer price but with 20% of the deal in bartercard payment which would you go for?

    thanks


    Extensive list of ‘Off The Plan’ property available for sale in Perth.

    John – 0419 198 856

    Profile photo of Richard TaylorRichard Taylor
    Participant
    @qlds007
    Join Date: 2003
    Post Count: 12,024
    June 30, 2004 - 10:41 am

    John

    When we were members we used to buy Bartercard Dollars at 47 cents $Aus to each Barter dollar.

    The other issue is to try and find anyone in the construction industry to accept them.

    Cheers Richard
    richard at fhog.com.au
    http://www.fhog.com.au

    There is no such thing as a problem.
    Just a solution waiting to be found

    Richard Taylor | Australia's leading private lender

    Profile photo of melbearmelbear
    Member
    @melbear
    Join Date: 2003
    Post Count: 2,429
    July 1, 2004 - 2:37 am

    Ah John, it’s interesting what you hear from ‘users’ of a system versus ‘sellers’….

    I guess the system is only valuable if you can then find goods/services that you ‘want’ to buy from the current members.

    I was ‘sold’ on the idea last year, but didn’t in the end see much point cos I didn’t sell any services etc. to earn the points…

    Cheers
    Mel

    Profile photo of AUSPROPAUSPROP
    Participant
    @ausprop
    Join Date: 2003
    Post Count: 953
    July 1, 2004 - 6:41 am

    thanks guys, the 47c comment was particularly interesting.

    update: I went for the cash offer. it was cleaner and I think I would have ended up frittering away the barterdollars on nothing in particular.


    Extensive list of ‘Off The Plan’ property available for sale in Perth.

    John – 0419 198 856

    Profile photo of Richard TaylorRichard Taylor
    Participant
    @qlds007
    Join Date: 2003
    Post Count: 12,024
    July 1, 2004 - 9:55 am

    John

    Good choice in my opinion.
    Also bear in mind the ATO treat a Barter Dollar as exactly the same as a Aus Cash$ but as yet the ATO don’t take Bartercard for the repayment of your Tax liability.

    As soon as they do i am back joining again.

    Cheers Richard
    richard at fhog.com.au
    http://www.fhog.com.au

    There is no such thing as a problem.
    Just a solution waiting to be found

    Richard Taylor | Australia's leading private lender

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