Word for non-monetary price

Question

Is there a word or phrase or expression for something that you ask in return for a product or service, when it is something other than money?

And what is the verb that goes with it when someone “pays” the non-monetary price?

(I can’t think of anything else other than “a favour in return”, with possibly the verb “to do a favour in return for the product”; or “a kickback”, which sounds fishier than I would like, and I don’t know what verb goes with that.)

Answer 1

The legal term is consideration. It encompasses anything of value in a trade: money, property, or services. This is a word you can use when "money" is not appropriate. Trading is the general term for exchange of consideration. For more information: Wikipedia.

Answer 2

• in kind refers to “In the form of goods and service rather than money”; for example, “He received payment in kind.”
• swop, swap, and barter refer to “exchange [of] goods or services without involving money”
• quid pro quo also refers to a form of barter: “This for that; giving something to receive something else ; something equivalent; something in return” or “An equal exchange”. Eg, “We had no money so we had to live by quid pro quo.”

Answer 3

I would use compensation and compensate.

Answer 4

I think the word you're looking for is barter.

The verb that would go with it would be bartered. Eg. James bartered a scooter with John for his broken push bike.

Answer 5

You can also use the word trade:

trade: 3. An instance of bartering items in exchange for one another.

In your instance I would ask for something in trade for my item/service. The verb is to trade. He traded me a pickup truck for my old TV.

There are lots of instances on craigslist.com saying 'Willing to trade' X for Y

Answer 6

You could ask for remuneration. To remunerate is "to pay (a person) a suitable equivalent in return for goods provided, services rendered, or losses incurred." That suitable equivalent is not necessarily cash.

You could also asked to be compensated for your time or service. The compensation does not have to be in the form of money.

Answer 7

In vernacular:

I mow his lawn, he gives me free cable. It's a fair trade. It costs me all of an hour a week. He lives up to his end of the bargain. If he ever doesn't make-good or follow-through, then I'll cancel our deal.

Or:

Sure, I can pull a few strings for you... But, it'll cost you. And, you'd better be good for it.

Answer 8

Or you can also use "in exchange" e.g I fixed his videogame console in exchange for a baseball game ticket.

Here, there is a form of trade/barter/non-monetary exchange implied and it is just simple and straight forward. And the concept of trading, at heart, is any form of exchange.

Answer 9

non-monetary payment

Firstly, price is not defined as necessarily monetary, though it usually is understood to be monetary value of an item. Perhaps, that's the price you pay for using a flexible language like English. See:

Price (Wikipedia)
In ordinary usage, price is the quantity of payment or compensation given by one party to another in return for goods or services.
In modern economies, prices are generally expressed in units of some form of currency. (For commodities, they are expressed as currency per unit weight of the commodity, e.g. euros per kilogram.) Although prices could be quoted as quantities of other goods or services this sort of barter exchange is rarely seen. Prices are sometimes quoted in terms of vouchers such as trading stamps and air miles. In some circumstances, cigarettes have been used as currency, for example in prisons, in times of hyperinflation, and in some places during World War 2. In the black economy, barter is also relatively common.

and

price (BusinessDictionary)
A value that will purchase a definite quantity, weight, or other measure of a good or service.

However, if we are looking for a term that expressly excludes monetary payment, and want to be unambiguous about it, the only option seems to be non-monetary payment, as in "...non-monetary payment is the best way to compensate authors for the use of their words and ideas."

Answer 10

When you avail a service or product and intend to know its non-monetary price, you ask for its worth or cost.

Here, cost doesn't necessarily have to do with money. Cost can be reflected in other terms as well such as man-hour, effort, services in return etc.

For Eg:

What is this (fill-in-the-blank) worth?

What is it gonna cost me?

Personally, if I understand you correctly I would use

What do I owe you?