Reverse checkout facilitates checkout and eliminates tax time hassles for e-commerce brands and their affiliates.
Refersion, a leading performance marketing platform, has announced the launch of Refersion Pay, a first-of-its-kind payment and tax solution for influencer and affiliate marketing programs. In 2020, Affiliate Marketing Spending Leads 6 billion dollars In the United States alone. As this number continues to grow, so does the discomfort for brands trying to manage affiliate payments and tax compliance. Refersion Pay was developed in response to urgent industry needs, simplifying complex affiliate marketing programs and cultivating a direct and trusted relationship between affiliates and brands.
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Refersion’s first-party tracking enables more than 6.1 million registered affiliates and influencers to refer over 615,000 orders per day; So far, Reversion has managed more than $1.6 billion in revenue for affiliates of e-commerce companies around the world. “Improving trust in brand and affiliate partners is central to Refersion’s vision of driving social commerce through brand ambassadors, influencers, and affiliates.” said Alex Markov, CEO and Co-Founder of Refersion. “Our goal is to ease the complexity of payments and tax compliance for e-commerce affiliate programs, and make it easier to scale our growing social commerce networks.
For publishers, Refersion Pay enables direct automatic monthly commission payments from brands and access to tax information in a single platform with Refersion. Refersion Pay allows publishers to not only receive payments directly from the brand’s bank account to their own account, but also easily find brand tax information in a central platform. “The new version that has been rolled out to our accounting team is an amazing experience, easy navigation, and very easy to use. We are excited to use the new system as we grow our partnership with Refersion” Kimberly GentleHead of Accounts Receivable at UpSellit.
For brands, Refersion Pay simplifies the affiliate program workflow with automated order transfer approvals and scheduled commission payment. This unparalleled solution enables brands to stand out from top publishers to grow their publisher network and audience, and helps simplify tax administration by providing the basis for staying in compliance. Push strengthens affiliate relationships by building trust and keeping them motivated to increase sales, so they can focus on growing their affiliate program. “As we head into 2022, it doesn’t matter for E-Com owners to have exceptional affiliate and influencer platforms. Refersion’s new all-in-one ‘Refersion Pay’ software makes payment and tax collection data seamless to manage and simple to integrate with Quicken for reporting purposes.” Jay CampbellCo-founder, AseirCustom.com.
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