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Shipster selects Eurora to help eCommerce firms with Trade Compliance

By Gloria Methri

April 20, 2023

  • Compliance Regulatory
  • Cross-Border Trade
  • Estonia
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Eurora, AI/ML, RegTech, Estonia, Regulatory, Trade ComplianceManchester-based shipping integration platform, Shipster has entered a new partnership with Eurora, an AI/ML-backed cross-border trade compliance platform in Estonia. The partnership aims to help eCommerce businesses remain compliant with new regulations for cross-border transactions, customs declarations, and import/export procedures.

Shipster will leverage Eurora’s AI/ML-backed platform to automate its clients’ global trade and compliance processes. Eurora’s database of duty and tax rates worldwide will help ensure compliance and avoid legal issues for eCommerce businesses dealing with changes in VAT regulations.

One such change is the introduction of the Import One-Stop Shop (IOSS) by the EU in July 2021, which aims to simplify the collection and payment of VAT for companies exporting low-value goods to the block. However, registering for the IOSS scheme can be complex and time-consuming for non-EU businesses, which rely on a VAT intermediary like Eurora.

Through this partnership, Shipster’s team can enhance its support and guide clients toward a reliable global compliance solution as it expands into the global market, leveraging Eurora’s set of tools and services.

Max Bartholomew, Senior Partnership Manager at Shipster said, “We are excited to partner with Eurora, a dynamic European company addressing post-Brexit shipping needs. The collaboration adds significant value to Shipster and our clients by streamlining their cross-border shipping operations and enhancing their ability to navigate complex regulatory environments.”

Eurora’s representative, Commercial Director Paul Scratchly, emphasised the value this partnership brings to businesses, stating, “Our aim is to simplify the compliance process for Shipster and its clients looking to expand internationally – allowing them to focus on growing their business while Eurora takes care of the complexities of regulatory adherence, ultimately creating a seamless and hassle-free experience for eCommerce companies.”

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