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Is Sales Tax An Anchor On Amazon?

PYMNTS

One of the more long-grumbled complaints in retail is that Amazon and other eCommerce players are able to exploit a loophole that allowed them to mostly avoid charging sales tax. Would collecting sales tax 100 percent of the time take a bit out of Amazon’s bottom line? Recent data suggests — probably not.

Taxes 101
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NRF On The Case For Revising eCommerce Sales Tax Laws

PYMNTS

Wayfair ruling gave states and cities permission to tax remote sellers and online marketplaces based on their economic participation in the state, regardless of whether they had physical presences. Online retailers aren’t sitting still when faced with new taxes — and some are even fighting back in court.

Taxes 101
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Economic Nexus Laws’ Unexpected Impacts On Restricted Substance Retailers

PYMNTS

eCommerce sales tax laws are having unintended consequences in the tobacco industry. State governments began rolling out economic nexus laws after 2018’s South Dakota vs. Wayfair ruling. percent tax on each imported premium cigar, limited to a maximum of about $0.40 in 2017 had a 52.75

Retail 109
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How Clandestina (Literally) Snuck Into The US Market

PYMNTS

And so, Clandestina exports its ideas — T-shirt designs — to a contract T-shirt printing operation in South Carolina called Frenzy. The funds from sales generally do not flow back to Cuba, instead paying for marketing, taxes and payment for future printings. bank accounts and receive payments in the U.S.,

Marketing 198
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Panic at the Checkout: Will EMV Friction Boost Mobile Payments?

FICO

Mobile payment adoption in the US has been underwhelming. The payments industry has been talking about “frictionless payments” for a long time. People will rush to mobile payments because they’re uncomfortable with using their new EMV cards. Will panic at the checkout translate into a big boost in mobile payment adoption?

Mobile 40
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Finova Financial Review: Secured Personal Loans With Your Car

MyBankTracker

To qualify, though, you must live in one of the following states: Arizona Florida California South Carolina Tennessee New Mexico Finova is unique because you’re able to unlock the cash or equity in your car. You can make your payments online or via mobile device. This includes a DMV lien fee and a document stamp tax.

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Top 21 Online Digital Accounting Services for Small Businesses (SMB): Jan 2022

Fintech Labs Insights

TaxBit (Crypto tax specialists) FAB Score = 181. – HQ: Charleston, South Carolina. SMB Challengers: Rho Delivers Integrated Card, Payments & Checking Experience. . – Employees: 119 ( Pitchbook ). Articles: 23 (Crunchbase). – Linkedin : 1,900 followers (135 employees). Twitter : 1,840 followers. HQ: Draper, Utah.