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Can I collect PayPal information from participants in Oregon? What are the requirements?

Requirements for Collecting PayPal Information from Participants in Oregon

To collect PayPal information from participants in Oregon, you must comply with the state’s data privacy laws. Oregon has a data breach notification law that requires businesses to notify individuals if their personal information has been compromised [1]. Additionally, Oregon has a Consumer Identity Theft Protection Act that requires businesses to implement reasonable safeguards to protect personal information [3].

If you are collecting PayPal information from participants in Oregon, you must ensure that you have implemented reasonable safeguards to protect their personal information. This includes using secure methods to collect and store the information, such as encryption and password protection [3].

Furthermore, you must obtain the consent of the participants before collecting their PayPal information. This can be done through a consent form or agreement that clearly outlines the purpose of the collection, how the information will be used, and who will have access to it [3].

It is important to note that PayPal also has its own data privacy policies and requirements that must be followed when collecting and storing PayPal information [4].

Requirements for Online Applications in Oregon

If you are collecting PayPal information through an online application in Oregon, you must comply with the state’s eLicensing system requirements [3]. This includes verifying that you are eligible for the license you are applying for prior to submitting your application and paying all fees through the eLicensing system, which is non-refundable [3].

Additionally, you must review the “What License do I Need?” section to ensure that you are applying for the correct license [3].

Conclusion

To collect PayPal information from participants in Oregon, you must comply with the state’s data privacy laws, obtain consent, and implement reasonable safeguards to protect personal information. If you are collecting PayPal information through an online application, you must also comply with the state’s eLicensing system requirements.

Source(s):
Jurisdiction

Oregon