eCommerce merchants are having to face up to a swathe of regulatory challenges impacting their ability to carry out cross-border sales.
So far this year, online retailers have had to deal with the fallout from Brexit and, on March 15, full enforcement of the US STOP Act will finally happen.
The EU are also removing the low value VAT threshold on goods under €22 in July of this year.
The impact of these measures means that merchants will need to provide complete and valid data for their parcels. This includes accurate product descriptions, commodity codes and country of origin information.
Failure to do so will result in huge delays at customs, additional costs and customer dissatisfaction.
Hurricane Commerce, a cross-border tech specialist, is working with merchants, marketplaces, postal operators and carriers, providing them with a range of solutions.
Hurricane’s APIs provide customers with solutions covering data enhancement, duty and tax calculation, prohibited and restricted goods screening and denied parties screening.
Magento merchants can access the Hurricane extension on the Magento Marketplace.
Merchants can use Hurricane’s bespoke AI classification engine Bluestone to ensure their products have the right descriptions and HS6 codes along with its Aura solution, the API that covers duty and tax calculation, prohibited and restricted goods screening and screening for denied parties.
eCommerce merchants not on Magento can partner directly with Hurricane to integrate the solutions they need to ensure they are fully compliant and able to take full advantage of cross-border opportunities.
Martyn Noble, CEO of Hurricane Commerce, said: “The regulatory landscape for cross-border eCommerce has changed significantly since the start of 2021.
“But those who meet the challenges head on, and put in place the best possible systems, will be ideally placed to achieve success.”
More details about Hurricane’s extension can be read here: https://marketplace.magento.com/hurricanecommerce-module-duty-tax-compliance.html
