What is a Merchant of Record?
We want to ensure that you have a seamless and worry-free experience when it comes to selling your products globally. That's why we offer a Merchant of Record (MoR) service, which plays a vital role in simplifying your e-commerce operations and maximizing your success.
So, what exactly is a Merchant of Record? In simple terms, the Merchant of Record is the legal entity responsible for overseeing and executing sales transactions on your behalf. When you partner with us and utilize our MoR service, we take on the crucial responsibilities associated with the sales process, allowing you to focus on what you do best – growing your business.
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How does it benefit your webshop?
Here's how working with our Merchant of Record service can benefit your webshop:
1. Global Expansion Made Easy: Expand your global reach effortlessly with our MoR service. We handle complex tax regulations, compliance requirements, and customer expectations, so you can focus on seizing global opportunities and growing your business.
2. Tax Compliance Simplified: Tax regulations can vary significantly across different countries and regions. Ensuring compliance with these regulations can be time-consuming and challenging. With our MoR service, you can rely on our expertise and experience in managing tax collection and remittance, alleviating the burden of staying up to date with constantly changing tax laws.
3. Smart routing:
Improve customer satisfaction while cutting costs through smart payment routing offered by a Merchant of Record (MoR) service. By utilizing domestic payment processing and local acquiring, businesses can significantly reduce cross-border fees and increase payment success rates. Efficient customer support and dispute resolution services ensure smooth transactions and quick issue resolution. With payment logistics, compliance, and customer queries handled by the MoR, businesses can focus on delivering high-quality products and fostering long-term customer relationships.
4. Localization for Global Succes:
Expanding internationally requires seamless localization. By leveraging local payment methods, local acquiring, and multi-currency support, businesses can reduce costs and increase payment success rates. Local payment options build trust with customers, while local acquiring minimizes cross-border fees and improves approval rates. Offering payments in local currencies enhances the overall shopping experience, making it easier for customers to complete purchases. Effective localization is key to driving global growth and improving customer satisfaction.
5. Seamless Currency Management: Say goodbye to the hassle of high exchange rates and embrace the simplicity of our MoR service. With us, you can eliminate the complexities of currency conversion and get paid in your local currency. We collect payments in the currency of your customers and handle the necessary currency conversion, ensuring you receive your funds in your preferred currency. Say farewell to unnecessary fees, and experience the convenience of seamless transactions tailored to your financial needs. Enjoy the benefits of hassle-free currency management with our MoR service.
