MERCHANT OF RECORD

Zero tax headaches. Direct payouts.No LLC required.

Waffo Pancake acts as the seller of record for every transaction, handling tax collection, compliance, invoicing, and consumer protection on behalf of the merchant.

150+

Countries supported

100%

Tax compliance covered

7×24

Account support

AUTO · TAX
VAT collected
€18.81
DEFRNLIT+43
Waffo, Inc.
Legal seller of record
Invoice · #2026-0451
Issued Jun 12, 2026
Bill to
Alex Müller
alex@example.de
DE · VAT ID: DE123456789
Pro Plan · annual
1 × $99.00 / yr
$99.00
AI Credits · 50k
add-on · one-time
$9.00
Subtotal$108.00
VAT 19% · DE$20.52
Total due
$128.52
Visa ••4242 · charged automatically
PAYOUT · SENT
OCT 28
$44,450.00
Bank ••5821 · net of tax
WHAT IS A MERCHANT OF RECORD

The legal seller, not just a payment rail.

PSPs like Stripe only move the money — shipping, tax, and chargebacks stay on you. Waffo is the seller on the invoice — the liability for every transaction stops at us by contract.

Merchant of Record · Settlement Hub · Waffo 代为承担Sales Tax / VATFraud ProtectionInvoicingChargebacksRefund PolicyCurrency Conversion打款结算收货·交付实际卖家SELLER消费者BUYERMOR
WHAT WE HANDLE

Seven things we handle for you.

Without an MoR, you either build it yourself, pay someone to build it, or eat the loss when something breaks. With Waffo Pancake, you don't have to.

01CORE

Sales tax · VAT · GST

Calculated at checkout, collected with the price, remitted to 47 tax authorities, filed quarterly.

USSales TaxEUVATUKVATAUGSTJP消費税CAGST/HSTINGSTSGGSTNZGSTMXIVABRICMS+124more
world map
02

FX & settlement

Customers pay in 135 currencies. You settle in USD/EUR/GBP/JPY or local currency at the true rate, no markup.

03

Legal entity

Waffo holds every entity and tax registration needed to sell abroad. You don't need to incorporate in another country or maintain local compliance.

SGWaffo SG Pte. Ltd.
MAS
USWaffo US Inc.
Delaware
EUWaffo EU GmbH
VAT Reg.
UKWaffo UK Ltd.
FCA
+11 entities
04

Fraud protection

Adaptive risk scoring on every transaction. 0.18% fraud rate vs the industry's 0.6%.

05

Global cards & wallets

Visa · Mastercard · Apple Pay · Google Pay across 173 countries — one integration.

06

Invoices & receipts

Compliant invoices auto-generated, localized in 9 languages.

07

FX & settlement

Price in 5 currencies — USD, EUR, GBP, JPY, HKD. You settle at the true rate, no markup.

Stripe vs Waffo Pancake

Stripe moves money. Waffo sells for you.

With Stripe alone, you're still the legal seller — tax calculation, filing, chargeback disputes, and compliance audits are all your responsibility. With Waffo Pancake, we become the merchant of record and all of that transfers to us.

Waffo Pancake
Stripe
Responsibility
Payment processing
Yes
Yes
Tax calculation
Yes
No
Tax collection & remittance
Yes
No
Legal seller of record
Waffo
Seller's burden
Tax filing liability
Waffo
Seller's burden
Chargeback dispute handling
Yes
No
Foreign entity registration
Not needed
Required
Audit liability
Waffo
Seller's burden
Available Balance
Total Income $0.00 · Incoming $0.00
Available Balance
USD
$0.00
Gross$48,290·Fee−$2,150·Tax−$1,690·Net$44,450
Payout To
**** 4821
CNY · Rate 7.30
Recent Payouts
$12,800.00Chase BankJun 10Paid
$8,200.00¥59,860 JPY · Rate 0.137AlipayJun 07Paid
$3,840.00Chase BankJun 12Processing
$12,800.00Chase BankJun 10Paid
$8,200.00¥59,860 JPY · Rate 0.137AlipayJun 07Paid
$3,840.00Chase BankJun 12Processing
hermes-agent · send_templatesigned · 0x9f3a…
PAYOUTS

We hold the compliance. You get the money.

Once a charge clears, the net amount lands in your account balance — already net of tax and fees. Connect a bank account or Alipay and we'll move funds to you on a schedule that fits your cash flow.

  • Payouts to local bank or Alipay — no business entity required
  • Multi-currency settlement with transparent FX
  • Live balance view: gross, fees, tax, net — per transaction
FAQ

Common questions

No. Solo founders can sign up with a personal identity and receive payouts to a personal bank account. We handle the legal seller status on your behalf.

The invoice shows Waffo Pancake as the seller of record (legally required). The checkout, emails, and storefront show your brand. The bank statement descriptor includes your business name.

Local bank transfer in major markets, plus Alipay. Settlement currencies include USD, EUR, GBP, JPY, and HKD — see the pricing page for the latest list.

No. Waffo charges one all-inclusive fee. Tax, compliance, chargebacks, and payouts are bundled — no surprise line items at the end of the month.

Stripe moves money. Waffo is the legal seller — we calculate, collect, and remit tax in 173 countries, take on consumer-protection liability, and absorb chargeback risk. With Stripe alone, all of that is your job.

Sell globally without the compliance tax.

Spin up a store in minutes. We'll be your Merchant of Record from the first transaction.

Merchant of Record + Payout - Waffo | Global Tax & Compliance