New legislation is working its way through congress to require e-commerce retailers and mail order telephone order business to collect local sales taxes on transactions. e-commerce web sites and mail order telephone order businesses that conduct over $1 million gross sales and sell products and services in states where they don’t maintain brick and mortar presences would be required to collect and pay local and state taxes in those states. Targeting remote retailers that engage in interstate commerce the most obvious being mail order and telephone order as well as e-commerce shopping cart sites. Read more of this article »
Posted in Electronic Payments Tagged with: brick and mortar, DSS, e-commerce, electronic payment, mail order, merchant, merchant account, PCI, shopping cart, tax, taxes, telephone order
