Home / Knowledge / News / Information Technology / Eurostop makes tax free shopping easier for global visitor
Eurostop makes tax free shopping easier for global visitor
10
Apr '13
Eurostop, a leading supplier to the fashion, footwear and lifestyle sectors has partnered with Tax Free Worldwide to provide fully integrated processing of tax free transactions for eligible customers. Using the retailer’s existing POS system, the system calculates the refund, processes the transaction quickly, and reduces paperwork.  This makes tax free shopping much easier for both the customer and the retailer, ultimately increasing sales potential. 

The new system is able to recognise the nationality of the shopper from the credit card and apply the appropriate rules accordingly.  It automatically calculates the VAT, the refund due, and the administration fee, and details the SKU/product information on the Tax Refund form.  Additionally, the form can be printed with the Retailer’s logo, so boosting brand awareness.  Cash purchases can also be processed tax free for eligible customers.

Details of all transactions are available for comprehensive reporting allowing the Retailer to see tax free sales revenue and nationality of shopper by store, month and year.  They can analyse the sales data for example by number of transactions, average amount per transaction, highest purchase amount, and many other criteria.  Reports can be generated automatically and circulated to appropriate staff electronically.

Raoul Defant, Group Marketing Manager at Tax Free Worldwide said; “Tax Free Worldwide helps retailers simplify and enhance their business by implementing an easy to use refund system that reduces paperwork and speeds up processes. 

“This results in more transactions, less effort and greater income through dealing with eligible customers.  We are delighted to be working with Eurostop to provide these benefits to their customers.”

Phillip Moylan, Sales & Marketing Manager at Eurostop commented; “Eurostop is dedicated to making our customers lives easier, but providing as much automation within our system as possible.  Providing tax free shopping to overseas visitors is a great way for retailers to boost their sales within a particularly lucrative market.”

About Tax Free Worldwide

Tax Free Worldwide is an international financial services company specialising in value added tax (VAT) refund services for shoppers and retailers.  Tax Free Worldwide is the third-largest company in the world in this sector, and is the market’s fastest growing.   With innovative technology it offers the most advanced services on the market today at competitive rates.

About Eurostop

Founded in 1990, with operations in London, Singapore and Shanghai, Eurostop provides complete solutions for Retail Management for the Fashion, Footwear and General Merchandise sectors encompassing both hardware and software.

Eurostop

Must ReadView All

President Tsai Ing-wen delivering remarks before boarding her plane bound for Central America. Courtesy: Presdient's office

Textiles | On 16th Jan 2017

‘Textiles at centre of Taiwan’s new trade arrangements’

Textiles should be at the heart of Taiwan’s thinking while developing ...

Apparel/Garments | On 16th Jan 2017

Ralph Lauren develops policy on tracking wood based fabrics

In a bid to trace source of wood based fabrics like viscose and rayon ...

Apparel/Garments | On 16th Jan 2017

EC proposes enhanced market access for Sri Lanka

The European Commission (EC) has proposed that a significant part of...

Interviews View All

Priyanka
Studio Priyanka Rajiv

‘To reinvent the age-old tradition of embroidery to suit demographics and...

Vasanth Kumar
Max Fashion India

‘Traditional high-street retailers are now willing to offer franchisees to ...

Karan Suratwala
Key Textile Accessories Private Limited

Chinese imports are destroying the supply chain

Mark Paterson
Technical Absorbents Ltd

Mark Paterson, R&D manager of Technical Absorbents Ltd talks about Super...

Mohammad Hassan
Biax Fiberfilm

About one in every 20 patients picks up an infection while hospitalised....

Eamonn Tighe
Nature Works LLC

Eamonn Tighe, Fibres and Nonwovens - Business Development Manager of...

Karan Arora
Karan Arora

Bridal couture created with rich Indian heritage, exquisite craftsmanship...

Silvia Venturini Fendi
Fendi s.r.l

"Yes, my confidence and positive attitude are my strengths and should be...

Jay Ramrakhiani
Occasions Elegance Wear

It is believed that by early 19th century, Varanasi weavers had moved away ...

Press Release

Press Release

Letter to Editor

Letter to Editor

RSS Feed

RSS Feed

Submit your press release on


editorial@fibre2fashion.com

Letter To Editor






(Max. 8000 char.)

Search Companies





SEARCH
January 2017

January 2017

Subscribe today and get the latest update on Textiles, Fashion, Apparel and so on.

SUBSCRIBE


Browse Our Archives

GO


eNEWS
Insights
Subscribe today and get the latest News update in your mail box.
Advanced Search