Barter clubs and trade Organizations provide a credit line at no interest. Trade and Barter organizations act as both broker and bank. They manage their members accounts and handle much of the accounting. Barter has been taxable since 1982, when trade exchanges were recognized and codified by the U.S. Internal Revenue Service. A trade is negotiated and a sales voucher or Scrip is prepared and signed by both buyer and seller.
Seller can then spend the new trade dollars.
Tax and gratuity are still payable in cash. Price gouging is forbidden and no partial trades are permitted without direct authorization from the barter or trade organization. Purchaser must not owe excessive fees or be over credit limit in order to purchase. Scrip may be used only once. Purchasers buying goods and services with scrip must expect to pay fair retail prices.