Most studies of paid informal exchange evaluate its varying magnitude acros
s space and social groups. Little attention, however, has been paid to the
variable nature of paid informal exchange. Instead, the unchallenged assump
tion is that such exchanges are universally conducted under work relations
akin to formal employment for profit-motivated purposes. To evaluate critic
ally this dominant conceptualisation of the character of paid informal exch
ange, empirical research is here reported from lower-income and higher-inco
me neighbourhoods of two English cities. This identifies that although most
paid informal exchange in affluent suburbs is conducted under market-like
relations for economic gain, this is not the case in lower-income neighbour
hoods. Here, such exchange is more undertaken for and by Friends, neighbour
s, and relatives for an array of reasons associated with developing social
capital and/or redistribution. We conclude by suggesting that a more social
ly, culturally, and geographically embedded appreciation of the nature of p
aid informal exchange is now required alongside a fuller exploration of its
implications for policy.