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FAQS

Weekday group @ Naomi's 2015

WHAT DOES LETS STAND FOR?
Local Energy Trading System. This is a non-profit community – based exchange system, where members swap goods, skills and services for points/credits instead of money – our group calls these credits “Tokens”.

HOW DOES LETS WORK?
With direct bartering you only deal with one other person. With LETS you have many members to exchange with, thus giving you a wider scope of skills/talents to choose from.

WHAT IF I “SPEND” MORE THAN I “EARN”?
On joining new members are given a “gift” of 50 points (Tokens) to begin trading. There is no problem with having a debit balance, as long as trading is reasonably even. An acceptable debit balance is an indication that you have committed to contributing a service at some future date.

HOW DO I CONTACT A MEMBER FOR SERVICES?
Refer to the Directory of services or our Website, where all members’ skills and services being offered are listed, together with their phone numbers and suburbs.

HOW WILL I KNOW THE COST OF A SERVICE?
Always ask and mutually agree on the cost in points/tokens BEFORE committing to an exchange. Some transactions are Tokens only; some are part cash/part points. (Usually Tokens for labour and cash for materials.) For example: Tokens only for a weeding job, but to have a lawn mowed, there would be a $$ cost for mower fuel. Remember that the Golden Rule is AGREE BEFORE TRADING.

WHAT IF I AM UNABLE TO PROVIDE THE REQUESTED SERVICE?
There is no obligation to provide a service at an inconvenient time or that is out of your range of expertise. If unable to help at the requested time, then offer a couple of alternative options to suit both of

WHAT DO I GET WHEN I JOIN?
You will receive a welcome letter, a current directory of services and the latest newsletter.  Newsletters are emailed regularly and the Directory is distributed annually.   You will also receive a gift of 50 tokens (equivalent to 2 hours).  Your allocated Buddy will contact you by phone and help you get started.

HOW MUCH WILL IT COST TO JOIN?
$20 annual fee – (concession $10).

HOW DO I JOIN?
Print the Brochure fill in the membership application & and post or scan and email to us.  Bank details are on the form (direct debit).

CONFIDENTIALITY
We respect your right to confidentiality, so all personal details such as name, address and phone number are only distributed to other LETS members.

WANTING TO START A NEW LETS GROUP?
MERLETS is growing East of Melbourne.  If you live in an area that is interested in starting a LETS Hub attached to MERLETS, please contact us to see how we can help.

LETS HELP EACH OTHER!
LETS TRADE!
LETS FIND MORE TIME TO RELAX!
LETS SAVE MONEY!
LETS MEET NEW FRIENDS!
LETS BE PART OF A COMMUNITY!

 

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