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Exmouth LETS uses a virtual currency, called the Cockle. All services are priced at the rate of 10 Cockles per hour. For the purposes of pricing goods, 1 Cockle can be regarded as the rough equivalent of £1. To help you start trading, new members are credited with 5 Cockles. Your account does not need to be in credit for you to trade.


 

 

 

 

 

HOW TO START TRADING

 

Where do I begin?

Study the step-by-step guide to trading at the top of the Help section. It explains the complete process in a flow diagram. We recommend referring to the guide during all the stages of your first transaction.

 

I’ve studied the guide. What now?

Click on the Browse Directory link on the right of the page. This allows you to search other members’ offers and requests by category. And soon we’ll have a Noticeboard on the site where you’ll be able to search for one-off offers and requests.

 

I’ve found someone I’d like to trade with. What next?

You need to contact them. We always recommend you phone or email your prospective trading partner to discuss arrangements before agreeing a transaction. And, of course, it helps you to get to know other members of Exmouth LETS!

 

How do I contact them?

Click on the member’s name to view their profile and contact details. (If you know the person you want to trade with, you can also find their details via the Search Members’ List).

 

What arrangements should we make?

We recommend you confirm the terms of the trade to ensure both parties are happy with the arrangements. Remember that all services are set at 10 Cockles per hour. Prices for goods should be negotiated in Cockles. You can regard 1 Cockle as the rough equivalent of £1. You may want to discuss whether any cash is to be paid for out-of-pocket expenses, such as travel or materials. For example, a car repair may cost £15 cash for parts, plus 30 Cockles for the work.

 

There is a cash element to the transaction. Should we log this on the site?

No. Only the Cockles part of the transaction is recorded on the system. If you are considering a trade involving a large cash outlay (e.g. a decorating job), you may wish to use the contract found in the Downloads section.

 

What about insurance, CRB checks and so on?

It is the responsibility of members to ensure that any member with whom they trade is appropriately qualified, insured, and - where applicable - CRB checked before agreeing the transaction.

 

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