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Craigslist started a barter category on its site in 2001 and is now posting about 200,000 new barter ads a month.
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Postings under the Craig's List barter category have increased 200percentt in the last year to 20,000 a month, said Jack Buckmaster, the company's chief executive.
Mr. Meyer noted that just as in every e-commerce category, the online barter category filled quickly with companies that hoped to become the industry's equivalent of eBay -- "where it's all self-induced activity," he said.
Fee-based barter Web sites have popped up in the last couple of years -- barteradvantage.com, for example, and barteringconnection.com -- but for the young urban swapper, the happening marketplace is under the free bartering category at craigslist.org, the online classifieds community, which started in 1995 by listing Bay Area events and has now spread to 23 cities.
It's sort of a barter system.
Barnes characterises the partnership as more of a barter agreement.
"We have adopted a barter system.
It was a birthday, not a barter economy.
His new venture involves setting up a barter system.
Most placements are currently done on a barter basis.
Even north London has yet to develop a barter economy.
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