Big Tech market platforms now required to prevent thieves from reselling goods

  • 📰 dcexaminer
  • ⏱ Reading Time:
  • 55 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 25%
  • Publisher: 94%

대한민국 뉴스 뉴스

대한민국 최근 뉴스,대한민국 헤드 라인

Online retailers and Big Tech giants, including Amazon, are now required to implement rules to stop thieves from reselling old merchandise on their platforms at the risk of steep fines.

The Integrity, Notification, and Fairness in Online Retail Marketplaces for Consumers Act goes into law Tuesday. The law, which Congress passed last summer, will require third-party sellers to provide personal identifying information if they regularly sell products on an online marketplace, such as Amazon or Facebook. It will also require retailers to boot sellers from their platform if they do not receive the relevant information and to provide tools for reporting suspicious behavior.

“We strongly support legislative efforts to stop bad actors from harming consumers, including increasing penalties against online criminals and providing greater resources for law enforcement,” Amazon wrote in a blog post. "We are fully prepared to comply with the new law, and we thank the bipartisan congressional sponsors for their leadership in passing the INFORM Act,” an eBay spokesperson told the Washington Examiner.

The INFORM Consumers Act will specifically affect high-volume third-party sellers who conduct 200 or more transactions valued at $5,000 or more over a 12-month period. Affected sellers must provide identifying information, including bank accounts, identification, tax info, and contact info. Marketplaces that fail to comply could face civil penalties of up to $50,120 per violation.The new law is intended to counter reports of rising organized retail crime.

The surge in crime has led stores to try to counter theft by putting more products behind glass. Others have closed stores in more populated areas, citing rampant theft.

이 소식을 빠르게 읽을 수 있도록 요약했습니다. 뉴스에 관심이 있으시면 여기에서 전문을 읽으실 수 있습니다. 더 많은 것을 읽으십시오:

 /  🏆 6. in KR
 

귀하의 의견에 감사드립니다. 귀하의 의견은 검토 후 게시됩니다.

대한민국 최근 뉴스, 대한민국 헤드 라인

Similar News:다른 뉴스 소스에서 수집한 이와 유사한 뉴스 기사를 읽을 수도 있습니다.

Amazon is the latest big tech company to invest in Central OhioThe 'Silicon heartland' beats stronger as another nearly $8-billion dollars is coming to Central Ohio.Ohio Gov. Mike DeWine on Monday announced that Amazon Web
출처: wsyx6 - 🏆 444. / 53 더 많은 것을 읽으십시오 »