Syracuse, New York (PressExposure) April 19, 2013 -- Frankstrade is the online pet auction website developed by Spectrum Softtech Solutions Pvt. Ltd. located at Syracuse, New York. Frankstrade, one of the leading e-commerce sites started using the service of Spectrum Software Solutions Inc to collect sales tax online from January 25, 2013. Spectrum Software Solutions Inc has developed this feature that best suits an e-commerce or shopping cart websites where one sells products for which sales tax is applicable.
While listing an item for sale, sellers have the option to determine if sales tax is applicable for the item or not. If yes, seller can choose the states where Sales Tax is applicable and enter the Sales Tax percentage corresponding to each state in Sell page. Seller can update this information on sales tax any time there is a change. This can be viewed by all probable buyers in the listings. If sales tax rate differs from state to state, then seller can enter sales tax rates applicable for each state separately. When a buyer purchases an item for which sales tax is applicable using Buy Now option or if a buyer wins this auction, and if sales tax is applicable at this particular buyer's location, then the tax amount is calculated by applying the percentage rate and the buyer can pay this sales tax amount along with the price for the item. Buyer can proceed to pay using PayPal or any other electronic payment option like Credit Card or Debit Card. Thus, the seller can collect funds for the tax from the consumer at the point of purchase itself. If sales tax is not applicable for a buyer's location, he just needs to pay the item price alone. If buyer prefers to pickup the item locally, then sales tax will be charged if it is applicable for item location.
"Nowadays, most of the businesses run with an online storefront. So, our developing team targeted at the shopping cart websites like Frankstrade and developed this feature to collect sales tax online. Frankstrade informed us that after including this feature in their website, they got a very good response from the sellers who sell sales tax applicable items." says the Sales Manager at Spectrum Software Solutions Inc.
Including this feature into your online auction site would definitely encourage the sellers to list more items for sale in your website too. All you need to do is contact us and tell us the name of your website and we will do the rest of the work.