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

Requirements for Collecting PayPal Information in Rhode Island

If you are collecting PayPal information from participants in Rhode Island, you may need to comply with certain requirements. Here are some things to consider:

  • Rhode Island has a law called the “Rhode Island Currency Transmission Law” that requires businesses transmitting money for customers to obtain a license [4]. If you are collecting PayPal information for the purpose of transmitting money, you may need to obtain a license.
  • If you are collecting personal information from Rhode Island residents, you may need to comply with the state’s data breach notification law [5]. This law requires businesses to notify affected individuals if their personal information is compromised in a data breach.
  • Additionally, if you are collecting personal information from Rhode Island residents, you may need to comply with the state’s privacy laws. Rhode Island has a law called the “Rhode Island Identity Theft Protection Act” that requires businesses to take certain steps to protect personal information [5].

It is important to note that this is not an exhaustive list of requirements, and you should consult with a legal professional to ensure that you are complying with all applicable laws and regulations.

[4]: RHODE ISLAND CURRENCY TRANSMISSION LAW FREQUENTLY … [5]: File a Consumer Complaint | Rhode Island Attorney General’s Office

Source(s):
Jurisdiction

Rhode Island