Rishabh Goel
Co-founder | CEO
Jun 14, 2024
|
5
min
Digital businesses are default global. Entrepreneurs can launch products from anywhere in the world and sell them to customers - again anywhere in the world. Annually, digital businesses run $970B cross-border transactions. However, the current infrastructure for global payments has too much friction.
Global businesses must navigate many intricacies - offering diverse local payment methods, ensuring compliance with complex tax regulations, and maintaining a global payment stack. A Merchant of Record (MoR) simplifies this process, making international expansion more manageable and secure. Dodo Payments stands at the forefront, providing an efficient MoR solution tailored for businesses dealing with digital goods.
What is a Merchant of Record?
The Merchant of Record (MoR) is the entity (on behalf of merchants) legally responsible for processing a customer's payment and managing the entire transaction lifecycle. This includes ensuring compliance with financial regulations, handling tax obligations, and managing disputes and chargebacks. The MoR appears on the customer’s credit card or bank statement, assuming all associated risks and responsibilities.
The Benefits of Using Dodo Payments as Your Merchant of Record
In the global marketplace, managing international transactions efficiently is crucial for success. A Merchant of Record simplifies this process, offering diverse payment methods, ensuring tax compliance, and providing robust transaction management. Dodo Payments, with its specialized MoR services, is your trusted partner in navigating the complexities of international digital commerce. By partnering with us, businesses can focus on their core offerings while we handle the intricacies of payment processing and compliance.For more information about how Dodo Payments can support your global digital goods business, visit Dodo Payments.
Conclusion
SaaS is inherently global, breaking down geographical barriers and enabling businesses to innovate and grow on a global scale. Entrepreneurs can start SaaS businesses from anywhere, and customers can access these services from any location, thanks to the power of the internet and AI. With its scalability, cost-effectiveness, and ability to foster collaboration and innovation, SaaS is the default model for software delivery in today’s digital world.
For businesses looking to harness the power of SaaS, the opportunities are limitless. By leveraging the global reach of the internet and the advancements in AI, companies can achieve remarkable growth and success in the borderless digital economy.
If you are a SaaS business with international revenue, onboard Dodo Payments and make life simple. You can activate your account in 60 minutes!
