Coming from the Merchant of Record business, Nexway is a one-single partner capable of handling the full scope of eCommerce aspects and supporting your growth. Nexway handles the complexity of online sales: invoicing, tax calculation, compliance and payment & financial institution integrations, security & data management, fraud & chargeback.
A Merchant of Record (MoR) is a legal entity that sells goods or services to customers and handles payments and related liabilities, such as sales tax, refunds, and chargebacks. Businesses can either choose to be their own MoR or partner with an MoR service provider that takes care of the payment and compliance aspects for them.
Payment processing and handling have become more complex
More payments, chargebacks, and refunds need to be managed
Tax documentation complexity increases every year
Pricing negotiation becomes more difficult with each partnership
Localizing your platform and adapting the currency and checkout process can be a long, costly, and complicated process. With a MoR model set up, payment experience will be customized for your customers wherever they may be, locally or globally.
No need to hire an accountant or a specialist in international taxes. MoR handles all financial and tax-related matters in all the countries in which it operates.
Considered as an eCommerce legal entity, MoR is also responsible for ensuring compliance with the PCI-DSS, which means that it always remains up to date on all laws in the countries where transactions take place.
Facilitate the management of your transactions for a faster time to market. Unlock, accelerate and simplify your payment operations even more.
Nexway is a leading eCommerce partner for online businesses that has been serving as a Merchant of Record for over 20 years. We handle everything related to checkout, including user experience, payment processing, and tax management, thus enabling you to focus on product development and marketing efforts.
Nexway assumes full responsibility as a Merchant of Record, since it’s our duty to comply with local laws and regulations, build relationships with local banks, perform fraud screening, and apply appropriate tax rates at checkout. Explore key benefits of choosing Nexway as your Merchant Of Record below.
Start selling in over 140 countries and establish yourself as a global brand. Utilize Nexway’s praised solutions to boost conversion and improve customer loyalty around the world.
Running a global online business has never been easier. As your Merchant of Record, Nexway takes care of everything related to compliance, regulations, fraud, and other complicated topics, greatly reducing your risks and liabilities.
Save valuable resources by employing Nexway’s team of experts who will take full control over your merchant account and build an ecosystem that will manage payments, invoicing, reconciliation, and settlements at the same time.
Focus on what matters the most: sales and growth. Concentrate on product development, marketing, and other important activities, leaving the complexities of running a global eCommerce business to Nexway. Grow and scale your online business hassle-free.
We at Nexway would love to help you expand horizons through uncovering new opportunities for rapid global expansion. Connect with us today – let us know about your goals, and we will simplify global eCommerce for your business with our MoR solution.
A Merchant of Record (MoR) bears full financial responsibility for its business customers, whilst Payment Service Providers (PSPs) simply process the payments. The PSPs enable the payments without any additional liabilities, meaning that a selling business is still responsible for administrative tasks such as compliance, security, and payment disputes, which can instead be delegated to a MoR, such as Nexway.
Without a Merchant of Record, you will need to handle various aspects of payment processing, tax management, and regulatory compliance by yourself. This may involve dealing with the complexities of setting up and managing relationships with payment gateways, acquiring banks, and other financial institutions.
Nexway is a leading eCommerce partner for online businesses that has been serving as a Merchant of Record for over 20 years. We handle everything related to checkout, including user experience, payment processing, and tax management, assuming full responsibility as a Merchant of Record for compliance with any local regulation.
We are using Nexway monetization technology with the support of their team of eCommerce experts. They have demonstrated on multiple occasions their ability to overcome the complexity of enabling consistent & high-performance online sales experience while easing the pain on the user side.
We have integrated Nexway as the Merchant of Record for our VPN Pro service, which has allowed us to ensure our users have a good payment experience with customized flows and designs, and various payment methods.
With the great support of Nexway, we created with Nexway our Bitdefender Reseller Portal. Be built it over the time and continuously implemented new features to improve the capabilities our the user experience.
The FNAC Starter Pack in-app store solution for delivery and renewal was a joint collaboration between FNAC-DARTY and NEXWAY. Our resellers needed a viable, long-term solution allowing them to both enhance the end-user experience within a branded digital environment and increase subscription renewal rates.
NEXWAY takes service to the next level as Merchant of Record for its customers worldwide for processing payments, managing global taxation, and maintaining PCI compliance. They truly know how to fuel strategic account development on a global scale, all with a local, market-specific scope. That is what attracted us to them above everything else.
Contact us and let’s discover how our MoR services can best serve your business.
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