Which ecommerce platform do retailers prefer?
16 tips for building an international e-commerce company
Tip # 1: Find out about the regulations for each country
For those who want to set up or expand their e-commerce company abroad, the first challenge is to adapt to the different rules and regulations in the individual countries.
One way to master this challenge is to thoroughly research the country regulations in the regions in which online retailers want to be present and to adapt some of their processes to the more stringent requirements. For example, the European regulations for the protection of personal data (GDPR) are stricter than the American regulations.
When it comes to data processing for European customers, for example, you should follow the European rules by clearly showing how your company handles customer data in order to keep private information safe and secure.
Another problematic point to consider is the various country-specific customs and tax regulations. Online retailers should also know about shipping restrictions, export certificates, business insurances and the necessary customs laws. Tip: It is often useful to consult a specialized international legal advisor to understand the country-specific differences. In this context, potential mistakes for companies can lead to costly problems. Also, consider out-of-the-box solutions like Flow, which can handle cross-border payments, taxation, and localizations.
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