What are the laws that govern online payments and transactions?

In Washington, there are certain laws that govern online payments and transactions. These laws are intended to protect consumers and businesses that use the internet to conduct financial activities. The first law is the Washington Uniform Electronic Transactions Act (UETA). This law states that electronic documents and signatures created and used in an online transaction are legally valid and binding. This means that if you make a purchase online, the contract is legally valid. The second law that governs online payments and transactions is the Washington Online Privacy Protection Act. This law requires businesses to give notice to customers and obtain their consent before collecting personal information. This law also requires that businesses protect the security of customers’ personal information. The third law that governs online payments and transactions is the Washington Electronic Funds Transfer Act (EFTA). This law regulates electronic payments, such as debit and credit card payments. It requires that customers be informed of their rights and how to resolve any disputes with the merchant. Finally, the Washington Consumer Protection Act requires that businesses not engage in unfair or deceptive acts or practices when it comes to online payments and transactions. This includes ensuring that the customer is aware of fees, costs and other important information related to their purchase. In conclusion, these laws provide customers with protection and ensure that businesses are providing secure and transparent online payment options.

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What are the laws that govern online payments and transactions?

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