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Digital Goods
As a vendor on VegaVend, it’s crucial to understand the specific requirements for selling digital goods. These guidelines will help you navigate the complexities of digital product sales while ensuring compliance with regulations and providing a seamless experience for customers.Definition of Digital Goods
Firstly, digital goods are intangible products that are delivered electronically. These may include:- E-books and digital publications
- Software and applications
- Music and audio files
- Digital artwork and graphics
- Online courses and educational content
- Video games and downloadable content
VAT Considerations
When selling digital goods on VegaVend, you must comply with VAT regulations:- Determine the place of supply for VAT purposes. For B2C sales, this is typically where the customer is located.
- Register for VAT in the relevant jurisdictions or use the VAT MOSS scheme for EU sales.
- Apply the correct VAT rate based on the customer’s location and the type of digital good.
Consumer Rights and Cancellations
Digital goods are subject to specific consumer rights regulations:- Provide clear information about the digital product, including functionality and compatibility.
- Offer a 14-day cancellation period, unless the customer explicitly waives this right for immediate access.
- Ensure that digital content is fit for purpose and as described.
Product Listings and Descriptions
To effectively sell digital goods on VegaVend:- Provide detailed, accurate descriptions of your digital products.
- Clearly state any technical requirements or compatibility issues.
- Use high-quality images or previews to showcase your digital goods.
- Include information on how the product will be delivered (e.g., download link, streaming access).
Delivery and Access
Ensure a smooth delivery process for your digital goods:- Set up automated delivery systems where possible.
- Provide clear instructions for accessing or downloading the digital product.
- Offer customer support for any technical issues during the download or access process.
Intellectual Property Rights
Protect your digital goods and respect others’ rights:- Only sell digital products for which you have the necessary rights or licenses.
- Implement digital rights management (DRM) if appropriate for your products.
- Clearly state any usage restrictions or licensing terms.
Pricing and Promotions
When setting prices for your digital goods:- Consider the value proposition of your digital product.
- Factor in all costs, including platform fees and VAT.
- Utilise promotional tools on VegaVend to attract customers.
Customer Support
Provide excellent customer support for your digital goods:- Offer clear channels for customer inquiries and technical support.
- Respond promptly to customer questions and concerns.
- Provide FAQs or user guides for your digital products.
Last updated: 4 July 2024