123Banners
Free banner advertising, up-to-the-minute statistics.
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BannerSwap
In additional to the traditional 2:1 banner exposure ratio, you get an extra 1/2 credit when people click on the banner shown on your page. The banner size is 400x50 pixels.
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LinkExchange
LinkExchange is probably the first to implement the idea of exchanging banner ads. You put up a banner ad for other people and your ad can be shown for free.
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Smart Clicks
468x60 banners, stats pages, banner targeting and good click thrus.
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TrafficX
Click-through exchange program. If you abide by their terms, and you don't receive any click-throughs within one month of placing their code on your page, you'll get 10 free credits and get your banner placed on their front page for one week.
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HyperBanner
Free targeted banner advertising by countries and topics.
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Linkbuddies
468x60 banners, Multiple banners and detailed targeting. 500 free impressions for joining.
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BannerWeb
You can simultaneously have up to seven different banner ads for your site online.
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World Button Exchange
The only GOOD button exchange on the web. 3:2 ratio, online statistics and much more.
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Impressionz Banner Exchange
468x60 400x40 88x31 banners. 500 credits for signing up.
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ZenClicks
ZenClicks banner exchange features a 3/2 exchange ratio and 1500 free exposures for signing up.
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BannerMall
Targeted Advertising, 3:2 ratio and allow banner sizes of 400x40 and 468x60.
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Freexchange
468x60, 20:19 exchange ratio. Enlish language only.
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