E-Commerce Website Rules and Regulations

If you are planning to make an e-commerce website you need to consider its rules and regulations to take online payment. Lets take a look into E-Commerce Rules and Regulations.

E-Commerce-Rules-and-Regulations

Piracy:

If any consumer is trusting your website with their private information then he FTC regulations has “brought a number of cases to enforce the promises in corporate privacy statements, including promises about the security of consumers’ personal information. As result, any corporate privacy policy related to e-commerce activity may be subject to enforcement by the FTC.”

Sales Tax:

There are various sales taxes for particular region you are living; therefore there are some traditional methods for accepting money. And when it comes to paying taxes, things get little complicated and therefore you must collect taxes according the region you store is.

If are planning to sell only good and service thru online then you need not collect sales taxes, as the business.gov says that if the business has physical state then it will referred to nexus.

“Each state defines nexus differently, but all agree that if you have store or office of some sort, a nexus exists. If you are uncertain, whether or not your business qualifies as a physical presence, contact your state’s revenue agency. If you do not have a physical presence in a state, you are not required to collect sales taxes from customers in that state.” To look into more of this click this link.

International Sales:

An online site can be seen all over the world and therefore, E-Commerce site owners should know that they would be doing money transactions even from outside States. Therefore knowing the laws of importing, customs, duties, taxes, consumer protection and everything related to international online selling is must.

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