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Can I use third-party payment processors on my website in Louisiana? What are the requirements?

Yes, you can use third-party payment processors on your website in Louisiana. However, any business operating in Louisiana must comply with the state’s laws and regulations regarding business registration and operation [1.1]. To operate a business in Louisiana, including an online business that uses third-party payment processors, the provider must register with the Secretary of State and remain in good standing [1.1]. The application for initial registration with the Secretary of State includes providing a listing of all officers, directors, and owners of ten percent or more of the business, as well as a copy of its basic organizational documents [1.1].

There are no specific requirements or regulations in Louisiana that prohibit the use of third-party payment processors on a website. However, licensees engaging in virtual currency business activity in Louisiana are expected to adopt and implement appropriate policies and procedures as part of the required books, records, and accounts, as determined by policy by the commissioner [4.1].

Furthermore, Louisiana law provides that a payment order received by the receiving bank is the authorized order of the person identified as sender if that person authorized the order or is otherwise bound by it under the law of agency [2.1]. If a bank and its customer have agreed that the authenticity of payment orders issued to the bank in the name of the customer as sender will be verified pursuant to a security procedure, a payment order received by the receiving bank is effective as the order of the customer, whether or not authorized, if the security procedure is a commercially reasonable method of providing security against unauthorized payment orders [2.1].

In summary, while there are no specific requirements or regulations in Louisiana that prohibit the use of third-party payment processors on a website, businesses must comply with the state’s laws and regulations regarding business registration and operation. Additionally, licensees engaging in virtual currency business activity in Louisiana are expected to adopt and implement appropriate policies and procedures, and payment orders received by the receiving bank are authorized if the sender authorized the order or is otherwise bound by it under the law of agency [1.1][2.1][4.1].

Source(s):
Jurisdiction

Louisiana