A community-based exchange system originated by Michael Linton in 1983 in British Columbia where members negotiate their own rates in local credit units. Unlike strict time banks, most LETS allow market-based pricing. Research shows only 13% of UK LETS practiced strict hour-for-hour equivalence. LETS credits cannot be converted to national currency, and balances are publicly visible to promote trust.
Before you sign up, see how SkillLedger compares and read the how-to guides.
SkillLedger vs. Simbi: B2B Professional Platform vs. Community Exchange
Compare SkillLedger and Simbi side by side. SkillLedger offers escrow, dispute resolution, and 1099-B compliance for professionals, while Simbi is a free community exchange with volunteer maintenance.
SkillLedger vs. Fiverr: Why Credits Beat Cash Fees
Compare SkillLedger credit-based skill exchange with Fiverr cash marketplace. Fiverr takes a 27.6% effective take rate while SkillLedger lets you keep the full value of your work.
SkillLedger vs. Upwork: Skill Exchange vs. Cash Freelancing
Compare SkillLedger skill exchange with Upwork cash freelancing. Upwork charges up to 10% freelancer commission plus a 5% buyer fee, while SkillLedger enables direct skill-for-skill trades.
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