Frequently Asked Questions
Got a question? Get in touch, we'll try to answer it. If it's a good one, we'll add it to this list.
What skills can I offer?
- Anything you like doing, or are good
at. If you have difficulty thinking of ideas, have a look at what
other members offer.
I don't have much time - can I still join?
- You can use CamLETS
as often or as little as you wish.
How do I use 'cams'?
- If you do something for another member, the rate is usually 10 cams per hour.
They will either fill out a row on a spreadsheet at a trade event, or record it as a transaction directly on the website. The amount will then be credited to your account.
Are transactions taxable?
- Almost all LETs trading is of an
'occasional social favour' type and not taxable. Only if you trade
in cams as part of your regular business would you be liable to tax.
Suppose I get into debt?
- Since no 'money' is printed and everyone
starts at zero, the whole system always has the same amount in credit
as in debit. If you go too far into debt you will be asked to earn
some cams; similarly, if you start hoarding too many cams you may
be asked to start spending!
Can't the system be abused?
- Not really, because it's a social
network and there are safeguards (for example all accounts are published
and all members sign a membership agreement on joining). Also any
temporary bad debt does not affect any individual member; no member
loses credit for work done.
Can I buy and sell things?
- Yes, and you can advertise in your
listings, which are broadcast out to members at regular intervals,
or at one of our social gatherings. It's a good way of making friends.
• How to Join
• CamLETS Constitution
• Members' Agreement
page last updated 14/12/16 by ct