Tag: Online Purchases

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Virtual Mastercard vs Physical Prepaid Card: What Is the Difference?

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Prepaid cards have become one of the most practical payment solutions for people who want greater control over their online spending. Unlike traditional debit or credit cards, prepaid cards allow users to pay with a fixed balance without linking transactions directly to their primary bank account. As digital commerce continues to expand across shopping platforms, gaming services, travel websites, and subscription providers, more people choose to buy a Mastercard gift card as a convenient way to pay online without using their primary bank card.

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US Supreme Court Rules States Can Collect Sales Tax For Online Purchases

Whole Foods installs Amazon E lockers in Ridgewood

June 24,2018

the staff of the Ridgewood blog

Washington DC, US Supreme Court rules states can collect sales tax for online purchases nationwide . Online shoppers could find costs going up after the Supreme Court did away Thursday with a decades-old precedent limiting the ability of states to collect sales tax on certain out-of-state Internet purchases.

The 5-4 ruling called the current rules “unsound and incorrect.” The Court shot down the “physical presence” required .Currently, businesses shipping a product to another state where it does not have a “physical presence” — a store, office or warehouse — are not forced to collect that state’s sales tax.

The high court said that rule is outdated, “When the day-to-day functions of marketing and distribution in the modern economy are considered, it is all the more evident that the physical presence rule is artificial in its entirety,” Justice Anthony Kennedy wrote.

The current regulation “allows remote sellers to escape an obligation to remit a lawful state tax is unfair and unjust,” added Kennedy. “It is unfair and unjust to those competitors, both local and out of state, who must remit the tax; to the consumers who pay the tax; and to the states that seek fair enforcement of the sales tax.”