NAICS Code 523210-01 - Barter & Trade Exchange
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NAICS Code 523210-01 Description (8-Digit)
Hierarchy Navigation for NAICS Code 523210-01
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Tools
Tools commonly used in the Barter & Trade Exchange industry for day-to-day tasks and operations.
- Barter Credits System
- Online Trading Platform
- Barter Management Software
- Barter Exchange Directory
- Barter Exchange Network
- Barter Exchange App
- Barter Exchange Marketplace
- Barter Exchange Auction
- Barter Exchange Forum
- Barter Exchange Newsletter
Industry Examples of Barter & Trade Exchange
Common products and services typical of NAICS Code 523210-01, illustrating the main business activities and contributions to the market.
- Advertising Services for Printing Services
- Web Design for Legal Services
- Graphic Design for Marketing Services
- Accounting Services for IT Services
- Cleaning Services for Landscaping Services
- Photography Services for Event Planning Services
- Catering Services for Venue Rental Services
- Consulting Services for HR Services
- Maintenance Services for Construction Services
- Transportation Services for Storage Services
Certifications, Compliance and Licenses for NAICS Code 523210-01 - Barter & Trade Exchange
The specific certifications, permits, licenses, and regulatory compliance requirements within the United States for this industry.
- Barter Exchange License: A license required by some states in the US to operate a barter exchange. The license is issued by the state's department of financial institutions or similar regulatory body. [1]
- Business License: A license required by all businesses operating in the US. The license is issued by the state or local government where the business is located. [2]
- Sales Tax Permit: A permit required by all businesses in the US that sell goods or services subject to sales tax. The permit is issued by the state's department of revenue or similar regulatory body. [3]
- Anti-Money Laundering (AML) Compliance: A set of regulations and procedures designed to prevent the use of the barter exchange for money laundering or terrorist financing. The regulations are issued by the Financial Crimes Enforcement Network (FinCEN) of the US Department of the Treasury. [4]
- Know Your Customer (KYC) Compliance: A set of regulations and procedures designed to verify the identity of the barter exchange's customers and prevent fraud. The regulations are issued by the Financial Crimes Enforcement Network (FinCEN) of the US Department of the Treasury. [4]
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History
A concise historical narrative of NAICS Code 523210-01 covering global milestones and recent developments within the United States.
- The Barter & Trade Exchange industry has been around for centuries, with the first recorded barter system dating back to ancient civilizations such as Mesopotamia and Egypt. However, the modern barter system began in the 1930s during the Great Depression when businesses and individuals were struggling to make ends meet. The barter system allowed them to trade goods and services without using cash. In the 1980s, barter exchanges began to emerge, providing a platform for businesses to trade goods and services with other businesses. The industry has continued to evolve, with the introduction of online barter exchanges in the 1990s and the integration of blockchain technology in recent years. In the United States, the barter industry has experienced significant growth since the 1980s. The National Association of Trade Exchanges (NATE) was founded in 1984, providing a network for barter exchanges across the country. The industry continued to grow in the 1990s with the introduction of online barter exchanges such as Bartercard and ITEX. In recent years, the industry has seen a shift towards the integration of blockchain technology, providing a more secure and efficient platform for barter transactions.
Future Outlook for Barter & Trade Exchange
The anticipated future trajectory of the NAICS 523210-01 industry in the USA, offering insights into potential trends, innovations, and challenges expected to shape its landscape.
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Growth Prediction: Stable
The Barter & Trade Exchange industry in the USA is expected to grow in the coming years due to the increasing popularity of bartering and trading. The industry is expected to benefit from the growing number of small businesses and startups that are looking for cost-effective ways to acquire goods and services. Additionally, the industry is expected to benefit from the increasing number of online bartering and trading platforms that are making it easier for individuals and businesses to exchange goods and services. However, the industry may face challenges from the increasing competition from other forms of exchange, such as online marketplaces and traditional retail channels. Overall, the Barter & Trade Exchange industry is expected to experience moderate growth in the coming years.
Industry Innovations for NAICS Code 523210-01
Recent groundbreaking advancements and milestones in the Barter & Trade Exchange industry, reflecting notable innovations that have reshaped its landscape.
- Bartercard: A global barter exchange that allows businesses to trade goods and services without the use of cash. Bartercard has over 20,000 members in the USA and offers a range of benefits, including increased sales, improved cash flow, and reduced expenses.
- Tradebank: A barter exchange that allows businesses to trade goods and services with other businesses in the network. Tradebank has over 10,000 members in the USA and offers a range of benefits, including increased sales, improved cash flow, and reduced expenses.
- Bizx: A barter exchange that allows businesses to trade goods and services with other businesses in the network. BizX has over 5,000 members in the USA and offers a range of benefits, including increased sales, improved cash flow, and reduced expenses.
- Barteronly: An online bartering platform that allows individuals and businesses to trade goods and services without the use of cash. BarterOnly has over 1,000 members in the USA and offers a range of benefits, including increased sales, improved cash flow, and reduced expenses.
- IMS Barter: A barter exchange that allows businesses to trade goods and services with other businesses in the network. IMS Barter has over 10,000 members in the USA and offers a range of benefits, including increased sales, improved cash flow, and reduced expenses.
NAICS Code 523210-01 - Barter & Trade Exchange
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