Transaction Cloud is a complete revenue stack for SaaS companies, to handle payments, sales tax/VAT/GST automated compliance (calculation, collection, filing, remittance), subscription management, recurring billing & invoicing, and fraud prevention. It is used by SaaS companies to simplify their payment, tax, accounting and risk management process.
Transaction Cloud uses its Singularity Integration architecture to save resources and time required for integration, and reduce failure and maintenance costs over the long run. They offer pay as you go pricing, and support multiple currencies, major credit cards, wallet payments (ApplePay, GooglePay, PayPal) and boast a fast interface to drive conversion rates.
About Transaction Cloud
Transaction Cloud takes care of the complicated topics such as marketing, sales, recurring billing, standards, sales tax, VAT, GST, fraud detection, regulations, consequential corporate income tax requirements, payment methods, and currencies.
Selling SaaS sounds simple but it can be complex. Some of the complexities are localizing the checkout, currency & payment methods, complying with payment industry standards & security requirements, fraud detection, collecting and filing Sales/VAT/GST taxes, complying with privacy laws, complying with business license requirements, paying income taxes in multiple regions, staying up to date with changing laws and updating business processes. Failure to comply means great risk for a business and its directors, for example, failure to pay sales tax or GST means tax evasion.
Transaction Cloud removes these complexities, so that SaaS and digital products companies can grow while staying compliant and without any administrative burden.