What can I trade? We all have things we can offer each other – a ride to the Dr's office, our child’s old toys, food from our garden, art we made, fixing a leaky faucet, advice on buying a house, etc. Anything that you are good at or enjoy is a potential exchange. The only limitation is your ingenuity. LETS can help you earn credit for your under valued talents or explore a whole new field of work.
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Saturday, July 17, 2010
Community Benefits
LETS allows us to provide for & receive from people we know & trust. We all benefit from our community being healthy, sheltered, fed, self sufficient. We’re not necessarily in competition for limited resources. & by keeping resources in the community, LETS reduces dependence on imports while boosting local quality of life.
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WhatsThe Point Of Iredell Lets?
The point is to help us all save money for the things we can’t avoid spending cash on, to help our community connect , to share resources, re-cycle, to get to know each other & re-localize the economy, keeping more of our resources in the community where they can return to us.
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Back To - FAQ
Monday, July 12, 2010
Membership Agreement - Please Read Carefully
Iredell-LETS Membership Agreement
Iredell-LETS is a non-profit organization managed by a working group made up of members. Iredell-LETS provides a service which allows members to exchange information to facilitate trading and maintain such records of that trading as members request.
1. A "BAT$" is a symbol of community currency transferred between members. Members shall be willing to trade in BAT$.
2. Iredell-LETS will transfer BAT$ from one members account to that of another only on the authority of the member making the payment.
3. Iredell-LETS is authorized to levy charges on member accounts in BAT$ at a rate determined by Iredell-LETS.
4. Iredell-LETS may decline a transaction or a membership it considers inappropriate.
5. Accountability of taxes incurred by members is the obligation of those involved in an exchange. Iredell-LETS has no obligation nor liability to report to any Federal or State Department of Taxation nor collect taxes on their behalf.
6. No warranty or undertaking as to the value, condition, or quality of the items exchanged is expressed or implied by the virtue of introduction of members to one another.
7. While all information on members accounts except balance and turnover is considered personal and confidential, Iredell-LETS cannot guarantee confidentiality nor be held liable for breach of it. A member may know the balance and turnover of another member.
8. Iredell-LETS may act on behalf of members in seeking satisfaction from a member whose account is heavily out of balance.
9. All transactions between members are the sole responsibility of those members and no liability to the members of any nature shall be incurred Iredell-LETS in respect of such a transaction.
10. Iredell-LETS requests that members make every reasonable effort to bring their account to a zero balance before leaving the system.
11. No member shall be entitled to claim for any loss, damage or injury suffered by any other member and Iredell-LETS expressly disclaims such liability.
PLEASE READ THESE CONDITIONS CAREFULLY BEFORE JOINING Iredell-LETS
JOIN Here
Back To "INTRO" Menu
Iredell-LETS is a non-profit organization managed by a working group made up of members. Iredell-LETS provides a service which allows members to exchange information to facilitate trading and maintain such records of that trading as members request.
1. A "BAT$" is a symbol of community currency transferred between members. Members shall be willing to trade in BAT$.
2. Iredell-LETS will transfer BAT$ from one members account to that of another only on the authority of the member making the payment.
3. Iredell-LETS is authorized to levy charges on member accounts in BAT$ at a rate determined by Iredell-LETS.
4. Iredell-LETS may decline a transaction or a membership it considers inappropriate.
5. Accountability of taxes incurred by members is the obligation of those involved in an exchange. Iredell-LETS has no obligation nor liability to report to any Federal or State Department of Taxation nor collect taxes on their behalf.
6. No warranty or undertaking as to the value, condition, or quality of the items exchanged is expressed or implied by the virtue of introduction of members to one another.
7. While all information on members accounts except balance and turnover is considered personal and confidential, Iredell-LETS cannot guarantee confidentiality nor be held liable for breach of it. A member may know the balance and turnover of another member.
8. Iredell-LETS may act on behalf of members in seeking satisfaction from a member whose account is heavily out of balance.
9. All transactions between members are the sole responsibility of those members and no liability to the members of any nature shall be incurred Iredell-LETS in respect of such a transaction.
10. Iredell-LETS requests that members make every reasonable effort to bring their account to a zero balance before leaving the system.
11. No member shall be entitled to claim for any loss, damage or injury suffered by any other member and Iredell-LETS expressly disclaims such liability.
PLEASE READ THESE CONDITIONS CAREFULLY BEFORE JOINING Iredell-LETS
JOIN Here
Back To "INTRO" Menu
Sunday, July 11, 2010
Contact
Iredell-Lets
Information or Questions
Phone: 704-990-8961 (Statesville)
Email: iredell.lets@gmail.com
Back To "INTRO" Menu
Information or Questions
Phone: 704-990-8961 (Statesville)
Email: iredell.lets@gmail.com
Back To "INTRO" Menu
Saturday, July 10, 2010
Iredell-LETS Banking
The Basics of the Iredell-LETS Banking System
Iredell-LETS is a trading network supported by its own internal currency (BAT$). It is self-regulating and allows its users to manage their account balance within the boundaries of the network. The currency only exists as numbers in accounts, moving from account to account. The recording of these transactions is done using computers. This is very much like having a conventional check book account.
Each member holds and account in a "central office" where transactions are recorded and monthly statements sent. Trading can be done "online OR with paper checks and multilist transaction sheets". All accounts begin at zero. For one account to move up, another account must move down. So at any one time approximately half the members will have positive balances and the other half negative.
Do I need to SELL somthing before I can BUY something?
NO! You can buy something with your first trade. If you wait to earn before you spend, you could find it slower to start trading. If everybody had to wait to earn before they could spend, nobody would get started! Negative balances are an essential feature of the LETS banking system.
Back To FAQ's
Iredell-LETS is a trading network supported by its own internal currency (BAT$). It is self-regulating and allows its users to manage their account balance within the boundaries of the network. The currency only exists as numbers in accounts, moving from account to account. The recording of these transactions is done using computers. This is very much like having a conventional check book account.
Each member holds and account in a "central office" where transactions are recorded and monthly statements sent. Trading can be done "online OR with paper checks and multilist transaction sheets". All accounts begin at zero. For one account to move up, another account must move down. So at any one time approximately half the members will have positive balances and the other half negative.
Do I need to SELL somthing before I can BUY something?
NO! You can buy something with your first trade. If you wait to earn before you spend, you could find it slower to start trading. If everybody had to wait to earn before they could spend, nobody would get started! Negative balances are an essential feature of the LETS banking system.
Back To FAQ's
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