Being able to refund VAT to the tourists is a clear incentive for them to spend
more. Ability to refund it in a way that customers like (for example to a country-specific payment method like WeChat) means better service, and better customer satisfaction.
VAT refund functionality of iPSP POS solutions can be used alongside or independently of payment acquiring. iPSP POS terminal processes compliant refund applications to be later processed by the customs and/or VAT refund operators.
- Brick-and-mortar retailers