Tax Exemption Management
Shopify Only
Katapult’s new application will no longer require that our orders be made tax-exempt.
How will funding work?
Katapult will fund our merchants for the total value of the order, including taxes. Katapult will collect the following details from Shopify for funding.
- Item price`
- Item qty
- Discounts
- Taxes
- Shipping
The tax value passed is strictly for funding to the merchant and does not impact how we are currently calculating the lease total for the customer.
Katapult’s lease is built on:
- Item price`
- Item qty
- Discount
- Shipping – to be collected at the time of first payment
How will leasing work for the customer?
Katapult, as a lease-to-own provider, is responsible for collecting taxes on each lease payment made. Katapult calculates the taxes within our system so we can correctly charge the customer based on their lease payment and address.
Updated 3 months ago