oboloo Glossary

Barter Deal

oboloo Glossary

Barter Deal

A barter deal is a type of business transaction in which goods or services are exchanged directly between two parties, without the use of an intermediary. It is a practical way to trade goods and services when cash or traditional financial instruments such as credit cards or bank accounts are not available. Bartering allows businesses to acquire needed supplies or services at no cost or at a significantly lower cost than they could find on the open market. The process can also create mutually beneficial relationships and open up new opportunities for both parties.