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South Dakota Sues Wayfair, NewEgg, Overstock And Systemax Over Lost eCommerce Revenue

PYMNTS

It’s a big litigious party out in South Dakota these days, as the state is suing four eCommerce merchants for their lost sales tax – and different merchants (in a separate suit) are suing right back. North Dakota.”. Supreme Court precedent that retailers around the nation have relied upon for decades.

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Gamblers Descend On Reopened S. Dakota Casinos

PYMNTS

Casinos in Deadwood, South Dakota are opening up again , complete with pictures of enthusiastic gamers clad in masks as they crowd around card and dice tables. Jay Snowden, CEO of Penn National Gaming , said he was looking at the demand from tribal casinos before making any hasty decisions.

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Who Pays A Higher Price For Online Sales Tax?

PYMNTS

The 2018 South Dakota v. Wayfair case that allowed states and individual cities to launch tax policies aimed at remote sellers and marketplaces is still reverberating in 2019 and will likely affect online retail in 2020. In Q3 2019, 14 states started collected online sales tax and 11 more followed in October.

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Bitcoin Daily: OCC Grants Crypto Firm Anchorage Conditional Digital Banking License; Crypto Exchange RG Coins Owner Arrested For Money Laundering

PYMNTS

With the national trust bank charter, South Dakota-based Anchorage will become Anchorage Digital Bank , National Association. Iossifov and his co-conspirators ran advertisements online, targeting U.S. consumers, for nonexistent, high-end goods, such as cars, according to the release.

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How AML Regulations Are Pulling Credit Unions Into Law Enforcement

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Many members first engage with their CU through its website or other online portal. In recent weeks, some CUs have stepped up efforts to make their online offerings more accessible to disabled users. Meanwhile, another partnership could change the way users engage with a CU’s network of ATMs.

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Young Consumers Love to “Buy Now, Pay Later” – Here’s What to Know About the Explosive Fintech Trend

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When online shopping, if a retailer has a partnership with a BNPL platform, the customer can choose it as their payment method when placing their order at checkout. Pay in 4 is not currently available for residents of Missouri, New Mexico, North Dakota, South Dakota, Wisconsin, or any US Territories.

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Where The Tax Man Will Knock Louder Post-Wayfair — And Sooner

PYMNTS

Last year, in the case of South Dakota v. the Supreme Court ruled that online retailers could be mandated to pay sales tax — and taxes can be levied by states on firms that do not have a physical presence in those states. Wayfair, Inc. , That means they must navigate tax collection nuances.

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