It’s also not the easiest to use software available and we felt it was a little clunky, but it’s a good place to start without a lot of resource input. This is a great place to start if you don’t have a techie on staff or any money to shell out for your Timebank project. CES, developed by Tim Jenkins in South Africa, allows communities to trade amongst the 339 exchanges in 34 countries. CES is not strictly Timebank software (it is more like a LETS, but can be set up as a Timebank) and allows you to pick your currency. Community Exchange Systems is a world-wide free hosting exchange platform, that will allow you to do basic trading with no money or technical assistance needed.
Here are some Timebank and LETS software offerings from beginner to advanced: These more market-like systems may use units that represent national currency, allow bidding for prices, and often involve small to medium sized businesses. The mutual credit currency systems that are similar to Timebanks, but don’t follow their rules (like one hour equals one hour) and operate under their own values are more appropriately called LETS (Local Employment Trading Systems). Others are more strict to follow Timebank rules, particularly in the US where taxes and social security benefits might be an issue if not followed to the letter.
Some are flexible and let your community come up with your own rules, like charging in a community-defined unit or charging more than an hours for an hour of skilled work. Some of them are free using open source code and some are paid, hosted and externally maintained by companies. "there are a number of different internet-based Timebank software platforms that exist now to facilitate larger scale, more efficient and decentralized trading.
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