I just seen a video from Squarespace about their new Squarespace Payments which will eliminate the need for stripe or another payment processor. My question is… will Squarespace be implementing collection and remittance of taxes for us and acting as a merchant of record? This would be huge if so. There are so many small businesses that sell stuff online and with all the confusing sales taxes around the globe, Squarespace could capitalize on offering this service. I would even be willing to pay another 3% fee.
Amazon, YouTube, Thinkific, Skool, teachable, paddle, and more are now doing this. As a small business owner it is not feasible to handle all the different sales taxes rules and changes. It can also be expensive to use Taxjar and other payment providers add ons for this. Please let me know if the New Squarespace Payments will have this or if it is something in the future?
thanks