Live from the RBTE: Eurostop partners with Tax Free Worldwide to deliver fully integrated Tax Free transactions

Eurostop customers set to boost sales as they offer tax free shopping for overseas visitors.

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.

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