
Street Cash Exchange is a new
and innovative concept. We issue out our own currency that can
be used for the goods and services of metropolitan based businesses
listed in the online directory. Business that accept it, can accumulate
the Street Cash and use it to purchase the marketing services
that we provide or they can use it at any of the other businesses
that are accepting Street Cash. In addition, businesses that advertise
in the directory can offer discounts to STREET
PASS members. This is an extremely cost effective way for
businesses to connect with consumers.
How can you get some Street
Cash? You'll get your first $10 in Street Cash when you
purchase a STREET
PASS membership. Then bring your Street Pass to the events
that are listed and you'll have a chance to win more Street Cash.
Can you Redeem Street
Cash for Cash? No. Street Cash is not legal tender, securities
or commodities, and may not be redeemed for cash.
What is the value of Street
Cash? The Internal Revenue service recognizes one Street
Cash Dollar as being equivalent to one American dollar and treats
all barter transactions as taxable events just like any cash transaction.
Are there any sales tax
implications? Each state and province varies regarding
how much sales tax is charged on a transaction, therefore please
check with your accountant or local tax office to determine the
correct amount. Any sales tax obligations will be the responsibility
of the buyer and/or seller.
Is Street Cash Transferable to Another User?
Yes, just give it to them.
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