What is a Merchant of Record (MoR)?
How Does the Merchant of Record Model Work?
The Benefits of Using an MoR
The Price of Choosing the Wrong Merchant of Record
Who Can and Should be Using Merchant Of Record, and Who Shouldn’t?
How to Choose the Right Merchant of Record for Your Business?
Is PayPro Global a Merchant of Record?
Final Thoughts
Merchant of Record FAQs
What is a Merchant of Record (MoR)?
The Merchant of Record is a third-party legal entity taking full responsibility for the entire processing of online transactions made between the end customer and the software companies selling the goods and services. This also includes declined transactions, refunds, fraud attempts, as well as any other complications associated with selling your products into international markets.
Simply put, Merchants of Record are more than afghanistan telemarketing list financial service providers. The MoR offers a complete service to eCommerce brands that sell software, covering complex areas like invoicing, billing, payment processing, global tax handling, ensuring proper PCI data compliance, and payment-related support for your customer base. Partnerships with a solution of this kind allow SaaS, software, and digital goods developers to transfer the operational burden of growing internationally and focus on building amazing products.
How Does the Merchant of Record Model Work?
Before we get into the step-by-step details, it is very important to clarify one point that causes some confusion among business owners. When selling your products globally with the Merchant of Record as your reseller, please keep in mind that your customers will still visit your business website to acquire your products. Behind the scenes, though, two transactions are taking place during the actual sale:
Between the MoR and your end customer - this is the reason why the name of the Merchant of Record you are collaborating with will appear on the customer’s credit card statement together with the transaction recorded.
Between the MoR and you.
