Digital River introduces automated regulatory fee management tools

Digital River, Inc., a known provider of global e-commerce solutions, has announced today that it has enhanced its global e-commerce platform with one of the e-commerce industry’s first comprehensive, automated regulatory fee management tools. This tool enables consumer electronics (CE) manufacturers that are selling products online in Europe and North America to administer, collect and remit fees in compliance with complicated copyright, electronic equipment end-of-life recycling (WEEE) and battery recycling regulations. Companies failing to meet these regulations, which vary by country, can be subject to fines and prosecution, and prohibited from selling online. 

The fee management tool is an integrated part of the DR globalCommerce™ command console, a self-service, web-based remote control toolset used for managing the daily operations of a Digital River e-commerce solution. The tool: 
•    Houses a central database with the regulatory fees and their product- or country-specific mandates; 
•    Provides merchants an administration tool so they can easily attach fees to products and display them on required web pages in the appropriate markets; 
•    Integrates with accounting and tax systems to streamline fee accounting and reconciliation; and 
•    Tracks sales and collected fees by local compliance scheme to help merchants manage the complex requirements related to reporting and fee remittance. 

“There is heightened market awareness and increasing risk today in dealing with the recycling and environmental regulations that surround the online sale of electronics products,” added Ronning. “By drawing upon our global e-commerce expertise, we can help consumer electronics manufacturers meet the green standards for their industry.”

Source: Digital River, Inc. via Business Wire