What are the laws that govern online payments and transactions?

Online payments and transactions are governed by laws in California designed to protect the rights of both buyers and sellers. The Electronic Funds Transfer Act is a federal law that governs all electronic transfers of funds, such as payments made via credit card or PayPal. This law grants consumers certain rights, such as the right to dispute unauthorized charges, receive clear disclosure of fees, and receive refunds of charges that are not authorized by the consumer. The California Online Privacy Protection Act (OPPA) requires commercial websites and online services to post a privacy policy that states the types of personal information collected and how it will be used. This law is intended to protect customer’s privacy and security when dealing with online companies. The California Electronic Communications Privacy Act (CECPA) limits the ways in which digital data and electronic communications can be accessed and prohibits certain unauthorized use. The California Electronic Records Act gives legal authority to electronic documents, including contracts and agreements. This Act also outlines specific requirements for businesses to become compliant with electronic signatures. The California Consumer Privacy Act is a comprehensive law that grants consumers the right to know what personal information is being collected, used, and sold, as well as the right to opt out of having that information sold. Together, these laws protect consumers and businesses by establishing standards for online payments and transactions. These laws ensure that everyone involved in an online transaction is safe, secure, and adhering to the law.

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What are the laws that govern online payments and transactions?

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