The Merchant of Record
for SaaS & Digital Goods
The Benefits of Partnering
With a Merchant of Record
VAT & Sales Tax Management
PayNow calculates, collects, and remits VAT, GST, and US sales tax on every transaction worldwide. We file 1,000+ tax returns annually on behalf of our sellers and assume full liability. If tax laws change or authorities raise questions, that's on us, not you.
Fraud Prevention
Every transaction is screened with automated fraud detection before it reaches your store. Suspicious orders are flagged or blocked in real time, reducing the volume of fraudulent purchases that lead to chargebacks and revenue loss.
API Integration
PayNow's headless Storefront API and Management API let you build fully custom checkout experiences, automate product management, and trigger fulfillment via webhooks. HMAC-signed events ensure secure, verifiable delivery of every order notification.
Regional Payment Processing
Accept payments from customers in 100+ countries with 120+ local payment methods, including cards, PayPal, iDEAL, Pix, GrabPay, and crypto, all activated with one click. Local payment methods increase conversion rates by up to 30% compared to card-only checkout.
Merchant of Record
A Merchant of Record (MoR) is the legal entity responsible for selling goods or services to end customers. The MoR appears on the customer's bank statement, collects and remits sales tax and VAT across every jurisdiction, and assumes full liability for chargebacks, refunds, and regulatory compliance, so you don't have to.
MoR vs. Payment Processor
| Responsibility | Payment Processor | PayNow |
|---|---|---|
| Collect taxes & VAT | ✗ | ✓ |
| File tax returns globally | ✗ | ✓ |
| Cover chargebacks | ✗ | ✓ |
| Regulatory compliance | You | Us |
| PCI DSS compliance | You | Us |
| Refund liability | You | Us |
| Seller payout methods | Bank transfer | ACH, SEPA, PayPal, check & more |
For example, when a customer in Germany subscribes to your SaaS product, PayNow automatically collects German VAT at the correct rate, files a single return under the EU's OSS scheme, and remits the tax to German authorities. If that same customer is in Australia, PayNow handles 10% GST instead. You receive your revenue; we handle the paperwork in every country your customers are in.
You need a MoR if you
- →Sell SaaS, software, or digital goods globally
- →Need VAT, GST, or US sales tax handled automatically
- →Want full chargeback coverage without absorbing the losses yourself
- →Run a game server and sell ranks, items, or subscriptions
- →Want to accept 120+ payment methods without setting up each gateway separately
Frequently asked questions
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