Tag: retailers

Returnly raises $8 million to streamline customer returns

Returnly, a San Francisco-based company that works with retailers and brands to handle post-purchase payments, said today it has raised $8 million in series A funding and secured a credit facility that will enable it to finance over $300 million in repurchases. The funding round was led by Mundi Ventures […]

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Supreme Court closes online sales tax loophole

The Supreme Court just handed down a decision in South Dakota v Wayfair, Inc. that states can force online retailers to collect sales taxes from purchases. This overturns a decision from 1992 that mandated that states could levy taxes on businesses only if they had a brick-and-mortar presence within that state’s borders. While this ruling […]

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