PayPro Global Blog

     As an eCommerce SaaS business, it’s likely you’ll end up selling your products across national and global markets. However, there is a  significant challenge in handling complex transactions, especially when a SaaS business goes global.  You suddenly have to process credit card payments, billing, tax, and legal compliance. And all this while at the mercy of an industry full of ever-changing rules and regulations.  The good news is that using a Merchant of Record (MoR) model can make your job a lot easier, simplifying business operations while minimizing risk.                   Merchant of Record (MoR)      What Is a Merchant of Record?      An MoR is a legal entity or organization that acts as a reseller between two parties in an eCommerce transaction. The MoR takes responsibility for reselling its vendor’s products to their customers around the world, all the while pr...

  On August 20th, 2021, China passed its new Personal Information Protection Law (PIPL) — the first of its kind to be seen in the East-Asian country. The law creates a new landscape around security and the protection of personal information. This personal information protection law will have far-reaching effects on business operations in China, similar to what the European Union’s (EU’s) General Data Protection Regulations (GDPR) has had on the world.  China’s PIPL provides a new set of rules on how businesses can use Chinese citizens’ data, and tech companies, in particular, will be affected; not just in China, but around the world.  From November 1st, 2021, organizations handling Chinese citizens’ data must meet certain conditions laid out in the PIPL. If your SaaS business is already GDPR compliant, you should have an easier time reaching PIPL compliance levels.  However, if you haven’t implemented GDPR practices, your business may have to spend extra time prepari...

  As online shopping and Software as a Service businesses become more popular, your business may be expanding across multiple states. While growth is essential, it comes with sales tax complications, many of which can result in hefty fines or even the possibility of prison. Therefore, it’s vital for your business’s health and your liability to understand sales tax on software and SaaS to ensure you’re collecting and remitting your taxes correctly. Our software and  SaaS Online  Sales Tax guide covers everything you need to know about being tax compliant in the United States. SaaS Sales Tax: The Basics What Is Sales Tax? Sales tax on software and SaaS is a tax collected by the seller of the product or service and added to the total cost of that purchase. Sales tax is never supposed to be paid out of your software as a service business’s pocket. You merely play the role of the ‘middle man’ between the customer and the governing body. In the United States, how you manage sal...