Managing International Payments & Taxes as an eCommerce Seller
with Featured Guest Ben Stein of Payoneer
Ben Stein is the Payoneer Strategic Partnerships Manager for North America Payoneer is a cross border transaction platform that helps eCommerce sellers expand beyond borders and their own expectations.
Payoneer sits between the marketplaces and sellers themselves and helps with managing funds and payments so businesses can participate in the global economy.
In this interview, we discuss:
Bigger challenges ecommerce sellers have when selling online
There’s no cookie cutter when launching a product What should sellers consider?
How to find the products that fit best for you
What is the current situation of Ecommerce and how to navigate it
How sellers are diversifying how they ship and how they source
How do sellers deal with taxes, transactions, bank accounts, etc in other countries
How Payoneer helps sellers with international transactions and assistance
Payoneer partnerships
Benefits of a Payoneer account
Take the first step to go beyond borders
How to deal with operational challenges of selling in other countries It’s not as hard as you think
Resources and vendors for sellers
What to do with revenue from international sales: Keep it there or repatriate?
Transaction fees
Advantages of international sales
Conversion fees
Tips to get lower fees
How do ecommerce sellers deal with VAT laws?
Payoneer’s value propositions Save up on fees
How to navigate different banking and local issues
Other ways to help sellers
COVID and supply chain interruptions
The pandemic impact on Ecommerce and new marketplace selling trends
Accelerating trends on Ecommerce
Existing and new selling channels
Is expanding to new channels mandatory? What marketplaces to consider trying
What factors contribute for a product to do well in another country