Merchant of record payment processors handle the full transaction lifecycle for businesses selling products or services online. They take on the legal and financial responsibility for processing payments, collecting taxes, managing refunds, and handling chargebacks – removing the compliance burden from merchants. These platforms often support multiple currencies, global tax calculations, and automated invoicing, making cross-border sales more accessible. Integration with e-commerce storefronts, subscription billing, and accounting systems is standard, streamlining operations from checkout to reconciliation. By acting as the official seller on record, these services help businesses scale internationally without navigating complex regulatory landscapes or setting up local entities.