Avalara
Inc and GlobalCollect have announced a strategic partnership to provide
industry-leading payment and indirect tax compliance services to ecommerce
companies looking to trade cross-border. GlobalCollect, an Ingenico Group
company, processes international ecommerce payments for the world’s most
recognised ecommerce brands, while Avalara delivers compliance solutions
related to sales tax, VAT and other transactional taxes. The partnership will help ecommerce
businesses ensure they can offer robust, reliable and localised payment
solutions to customers around the world, without discarding local culture,
while ensuring they remain fully compliant with transactional tax regulations.
Kevin
Boland, VP Business Development, EMEA at Avalara said: “GlobalCollect
represents a key strategic partnership for us in the payments world as we
continue facilitating international growth for ecommerce companies of all
sizes. Working together, we are excited to join with GlobalCollect to help
merchants successfully manage more transactions internationally.”
Avalara
and GlobalCollect both provide fully-managed global solutions, with Avalara
supporting automated tax calculation in over 100 countries and GlobalCollect
securely accepting payments from more than 170 countries in more than 150
currencies, using in excess of 150 local payment methods. Avalara’s technology
combines its vast proprietary database with address validation and geolocation,
applying the correct taxability rules and rates and handling filing and
remittance. GlobalCollect customers can use a single web-enabled interface to
manage localised payment methods and increase customer conversion rates.
Matthijs
Pronk, Vice President of Business Development at GlobalCollect, added:
“Enterprise level merchants who expand across territories encounter many new
challenges. Working together, GlobalCollect and Avalara are helping to relieve
merchants’ burdens on international contracts, currency conversions,
reconciliation, VAT calculation and management. Supporting them with payment
products driven by deep knowledge of local payment culture means that merchants
can focus on what they do best: offering great products and services online,
internationally, knowing that complex payment and tax related challenges are
being handled by the specialists.”
Boland
concluded: “Handling sales tax, VAT and other transactional taxes can be
extremely difficult for businesses expanding abroad. Avalara removes these
complexities by automating and simplifying the process in a fast, easy and
cost-effective way, freeing up vital business resources.”
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