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

To use third-party payment processors on your website in Utah, you must comply with the Payment Provider Standards outlined in UTAC R25-21-3 [1.1] and be an approved payment provider listed on finance.utah.gov/cannabispaymentproviders [1.2]. The requirements for payment providers include providing documentation associated with the payment provider, certification from the bank of first deposit, compliance with regulatory requirements, compliance with National Automated Clearing House Association Rules and Operating Guidelines, and adherence to the Payment Card Industry Data Security Standards (PCI-DSS) [1.1]. Additionally, payment providers must supply detailed records of cash transfers to Utah MRBs and their respective banks, provide written policies and procedures that demonstrate that the payment provider adequately protects the safety of Utah MRB employees and the payment provider’s drivers, and supply data sufficient for Suspicious Activity Report for cash transfers to bank of first deposit [1.1].

It is important to note that these requirements are specific to Utah MRBs and may not apply to all businesses in Utah. However, if your business falls under the category of Utah MRBs, you must comply with these requirements to use third-party payment processors on your website.

Furthermore, depending on the nature of your business, you may need to comply with additional requirements. For example, if you are a third-party administrator, you must satisfy the character requirements under Section 31A-25-204, satisfy the financial responsibility requirement under Section 31A-25-205, and comply with criminal background check requirements under Subsection 51-7-3(26) [2.1]. If you are a third-party tester, you must meet certain requirements for application, certification, and renewal of certification, including maintaining a current business license required by the municipality or county, having at least one qualified and approved Third-party Examiner, and submitting a fingerprint card and a check or money order to the division for a criminal history background check and FBI check [3.2].

In summary, to use third-party payment processors on your website in Utah, you must ensure that your payment provider is an approved payment provider listed on finance.utah.gov/cannabispaymentproviders and comply with the Payment Provider Standards outlined in UTAC R25-21-3. Additionally, depending on the nature of your business, you may need to comply with additional requirements such as those for third-party administrators or third-party testers.

Source(s):
Jurisdiction

Utah