International trade is bigger than ever. Whether you sell books, business equipment or bagpipes, your customers can just as easily be in New Delhi as in Detroit, since B2B and B2C cross-border ecommerce are flourishing. But tracking the landed cost-related losses is difficult, and it is certainly in the billions of dollars per year worldwide. Here’s how you can solve that dilemma.
Tax & Regulations
While Overstock.com announced last week that it has begun accepting Bitcoins as an online payment option, not all merchants are embracing the crypto-currency. The Chinese ecommerce platform Alibaba Group said in a statement that it has banned the controversial payment option from all its Taobao marketplaces.