Receipt Verification
Protect consumers and promote public control over retail transactions.
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Are receipts as insignificant as they may seem?
Store receipts are such a simple, everyday thing that is often overlooked. In fact, they contain a lot of important data on consumer shopping behavior, products, and retailers.
However, in several large regions, such as Sub-Saharan Africa, the Middle East and North Africa, businesses often do not provide receipts at all because there it’s typical to pay for goods and services by cash or mobile money transfers.
of customers throw away or lose almost all or all the paper receipts they receive (Green America)
is the total amount spent by mobile money users in Sub-Saharan Africa, the Middle East and North Africa region in 2021 (Statista)
In many areas, most businesses still do not give receipts
traceCORE Receipt Verification helps governments promote public monitoring and prevent fraud by encouraging businesses to give and consumers to take receipts.
Combating illicit trade requires a complex approach
Using traceCORE Receipt Verification, consumers can make sure that receipts are provided by legitimate businesses and notify governments in case someone is involved in illicit trade.
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Paper receipts can easily get lost or damaged
By implementing traceCORE Receipt Verification and collecting digital receipts, it’s possible to reduce the reliance on paper receipts and contribute to environmental sustainability.
How does traceCORE help?
Implementing traceCORE Receipt Verification allows governments to increase consumer involvement and enforce public control as well as make the identification of illegal goods and unlawful transactions more efficient.
Helps governments combat illicit trade
Positively impacts the environment
Serves as a powerful marketing tool
Promotes public monitoring
Allows consumers to track expenses
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Protects consumers and prevents fraud
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What is traceCORE Receipt Verification?
- traceCORE Receipt Verification is a digital solution that allows consumers to identify incorrect receipts, check the integrity of sellers, and get detailed information about their purchases.
- Paper receipts can be verified by scanning the QR code via the official mobile app or by entering receipt details manually on the website.
- Verification allows users to compare the purchase data indicated in the paper receipt with the data that the retailer sent to the Tax Authority.
- The solution allows consumers to file complaints about violations of cash register legislation to the Tax Authority and store receipts in the mobile app.
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How does it work?
- Download the traceCORE Receipt Verification app and log in using your mobile number / tax account / government service account.
- Scan the QR code or enter the receipt details manually.
- Verify the receipt and get additional information on your purchase.
- File complaints if the receipt is absent or not correct and receive answers from the Tax Authority.
- Store and download your receipts.
Key features
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QR code scanner
The app allows consumers to either scan QR codes in receipts or enter receipt details manually.
Tax system integration
After adding a new receipt, the system automatically verifies the data it contains with the Tax Authority’s database.
Transaction verification
Consumers can check if the transactions recorded in their receipts match their actual purchases.
E-receipt storage
The app eliminates the need to keep paper receipts as it allows consumers to store their electronic versions instead.
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Status updates
Consumers are notified when their receipts are transferred to the Tax Authority’s database.
Complaint submission
Consumers can file complaints directly in the app if they didn’t receive a receipt or a certain receipt is incorrect.
A win-win solution for all stakeholders
By increasing consumer involvement, governments can combat illicit trade better and help legitimate businesses grow, improve tax compliance, and raise awareness of the public.
- The solution helps prevent fraud by promoting public monitoring.
- Consumers can make sure that the receipts are issued by legitimate businesses and have not been forged.
- New digital services improve user experience.
- Moving to digital receipt validation reduces the reliance on paper receipts, contributing to environmental sustainability.
- The option to get valuable receipt data directly from consumers as well as their feedback regarding certain retailers and products.
- When notified about incorrect receipts by consumers, Tax Authorities react to those issues much faster and can promptly look into them.
- Tax Authorities can control the way retailers follow legislation regarding cash registers and detect violations in a timely manner.
- The option to verify receipts enhances consumer trust in responsible retailers and promotes fair competition.
- Businesses can provide bonuses for receipt verification and collect valuable data about consumer behavior.
- Retailers can make sure that their cash registers and software comply with the latest legislation and generate correct receipts.
- Retailers can verify whether the Fiscal Data Operator (FDO) has received the receipt and sent it to the Tax Authority.
- Consumers can check whether the transactions recorded in their receipts match their actual purchases. This helps detect discrepancies or errors, such as incorrect pricing or unauthorized charges.
- By validating receipts digitally, consumers can track their expenses and manage their budgets effectively. They can categorize expenses, analyze spending patterns, and make informed financial decisions.
- Digital validation of receipts provides consumers with a convenient way to store and access proof of purchase, which can be useful for returns, exchanges, or warranty claims.
Why choose traceCORE?
Active support during implementation
We train and consult government representatives and tax authorities every step of the way during technology implementation.
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Constant product improvements
We put great effort into developing and constantly improving the technologies we offer, as well as providing the best solutions on the market.
Close partnership with stakeholders
During technology development, one of our primary goals is to ensure that all parties involved can benefit from using our product.
User-friendly and scalable solution
We offer flexible technologies that are easily scaled, exported, and tailored to the needs of various tax authorities worldwide.