Can Business-to-Business and other Internet sales transactions not involving a Credit Card for payment be processed?
Yes. The esalestax.com approach is independant of the payment method selected by the business. Q: Will the financial institutions, credit card companies or other institutions be adversely affected by collecting sale and use taxation? A: No, not by the esalestax.com solution. esalestax.com will make use of the NACHA based ACH Debit and Credit transaction facilities to access the Sales and Use Tax amounts calculated on a Sale, Return and Loss transactions performed by a client eMerchant. All of this activity will be consolidated to minimize the account transaction volume and to simplify auditing. Amount due to Tax Authorities will also be consolidated. Auditing to identify what eMerchants and what sales, returns and losses are accounted for in a settlement will be provided via the esalestax.com web site, via electronic reporting and if need be, paper reports. eslaestax.com will use neither the Credit Card issuers nor their merchant or issuing banks systems, resources or processes to perf
Related Questions
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- Can Business-to-Business and other Internet sales transactions not involving a Credit Card for payment be processed?
