![]() ![]() INFORMATION DESCRIBED - The information described in this subparagraph is the following: in the order confirmation message or other document or communication made to the consumer after the purchase is finalized and in the consumer’s account transaction history.on the product listing page (including via hyperlink) or. ![]() TL DR: If you have $20,000+ in gross annual sales, marketplaces are required to disclose your name or company name, physical address, and contact information (phone, email, or other means of electronic messaging) - with some exceptions.ĭISCLOSURE REQUIRED - An online marketplace shall require any high-volume third-party seller with an aggregate total of $20,000 or more in annual gross revenues on such online marketplace, and that uses such online marketplace’s platform, to provide the information described in subparagraph (B) to the online marketplace and disclose the information described in subparagraph (B) to consumers in a clear and conspicuous manner While marketplaces are required to verify the information of all "high-volume third-party sellers", the INFORM act sets a different threshold for when and how that information must be disclosed to consumers. We'll have to wait and see exactly how the marketplaces will implement this part, but my guess is they probably go by the condition option the seller selects when listing an item.ĭisclosing Seller Contact Info to Consumers Resellers and consumer sellers using marketplaces to get rid of personal items are likely breathing a sigh of relief about the new vs used distinction. The term ‘‘high-volume third-party seller’’ means a participant on an online marketplace’s platform who is a third-party seller and, in any continuous 12-month period during the previous 24 months, has entered into 200 or more discrete sales or transactions of new or unused consumer products and an aggregate total of $5,000 or more in gross revenues. If you have 200 sales of new/unused items, totaling $5,000 or more in a continuous 12 month period - you're considered a high-volume third-party seller. So, what exactly is a "high-volume third-party seller?" WORKING EMAIL AND PHONE NUMBER - A current working email address and phone number for such seller. TAX ID.-A business tax identification number, or, if such seller does not have a business tax identification number, a taxpayer identification number. ![]() A copy of a valid government-issued record or tax document that includes the business name and physical address of such seller.A copy of a valid government-issued identification for an individual acting on behalf of such seller that includes the individual’s name.With respect to a high-volume third-party seller that is not an individual, one of the following forms of contact information: With respect to a high-volume third-party seller that is an individual, the individual’s name. To a payment processor or other third party contracted by the online marketplace to maintain such information, provided that the online marketplace ensures that it can obtain such information within 3 business days from such payment processor or other third party.ĬONTACT INFORMATION - Contact information for such seller as follows:.PROVISION OF INFORMATION - The bank account or payee information required may be provided by the seller in the following ways: TL DR: If you fit the definition of a "high-volume third-party seller", marketplaces are required to collect and verify your government-issued ID, tax ID, bank account, email and phone number.Īn online marketplace shall require any high-volume third-party seller on such online marketplace’s platform to provide, not later than 10 days after qualifying as a high-volume third-party seller on the platform, the following information to the online marketplace:īANK ACCOUNT - A bank account number, or, if such seller does not have a bank account, the name of the payee for payments issued by the online marketplace to such seller. □Ĭollecting and Verifying Seller ID and Contact Info Or just keep reading for excerpts and a breakdown of what this new law may mean for sellers. ![]()
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