What is the law concerning online marketplaces?

In Indiana, the law surrounding online marketplaces applies to all businesses that are registered to do business in the state. This law includes such topics as online payment processing, consumer-protection laws, and laws about how online businesses handle customer data. For online payment processing, businesses must register with the Indiana Department of Revenue and must have a valid tax ID number. They must also comply with existing state laws such as the Electronic Funds Transfer Act, and credit card information must be securely stored. Consumer-protection laws protect buyers from being deceived by online businesses by making sure that the goods or services that are bought online are of a good quality and that the pricing of those goods or services is clearly explained. Businesses must also disclose any extra fees that customers may be charged. Finally, businesses must comply with laws regarding the handling of customer data. Companies must keep records of customer transactions and must only use customer data for legitimate business purposes. They must also take steps to ensure the protection of customer data, such as through encryption and limiting access to customer data to authorized personnel. By understanding and following the applicable laws for online marketplaces, businesses in Indiana can ensure that their customers have a safe and secure online shopping experience.

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What is the law concerning online marketplaces?

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