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

Collecting PayPal Information from Participants in Tennessee

According to the Model Financial Policy for School Support Organizations (SSO) in Tennessee, a payment method such as PayPal can only be used if the account is established in the name of the organization ^[1]. Therefore, if you are a school support organization in Tennessee, you can collect PayPal information from participants as long as the PayPal account is established in the name of the organization.

However, it is important to note that there may be additional requirements for collecting and storing personal information, including PayPal information, depending on the nature of your organization and the applicable laws and regulations. We recommend consulting with a legal professional to ensure compliance with all relevant requirements.

In summary, you can collect PayPal information from participants in Tennessee if your organization meets the requirements outlined in the Model Financial Policy for School Support Organizations (SSO) ^[1].

Source(s):

• [1] Model Financial Policy for School Support Organizations (SSO)

Jurisdiction

Tennessee

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