Iowa § 554F.2 Collection of information

Iowa Statutes

§ 554F.2 — Collection of information

Iowa § 554F.2

Title XIIICOMMERCE

Ch. 554FONLINE MARKETPLACE TRANSACTIONS

This text of Iowa § 554F.2 (Collection of information) is published on Counsel Stack Legal Research, covering Iowa primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.

Bluebook

Iowa Code § 554F.2 (2026).

Text

1.An online marketplace shall require any high-volume third-party seller on an online marketplace platform to provide, not later than ten days after qualifying as a high-volume third-party seller on the platform, the following:

a.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.

b.The seller’s contact information.

c.A business tax identification number, or, if such seller does not have a business tax §554F.2, ONLINE MARKETPLACE TRANSACTIONS 2 identification number, a taxpayer identification number. Any information contained in such document shall be presumed to be verified as of the date of issuance of such document.

d.A current working email address and phone number for such sell

Free access — add to your briefcase to read the full text and ask questions with AI

1. An online marketplace shall require any high-volume third-party seller on an online
marketplace platform to provide, not later than ten days after qualifying as a high-volume
third-party seller on the platform, the following:
a. 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.
b. The seller’s contact information.
c. A business tax identification number, or, if such seller does not have a business tax
§554F.2, ONLINE MARKETPLACE TRANSACTIONS 2
identification number, a taxpayer identification number. Any information contained in such
document shall be presumed to be verified as of the date of issuance of such document.
d. A current working email address and phone number for such seller.
2. The bank account or payee information required under this section may be provided
by the seller as follows:
a. To the online marketplace.
b. 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 on demand from such payment processor or other third party.
3. Acceptable forms of seller contact information include the following:
a. With respect to a high-volume third-party seller that is an individual, the individual’s
name.
b. With respect to a high-volume third-party seller that is not an individual, one of the
following forms of contact information:
(1) A copy of a valid government-issued identification for an individual acting on behalf
of such seller that includes the individual’s name.
(2) Acopyofavalidgovernment-issuedrecordortaxdocumentthatincludesthebusiness
name and physical address of such seller. Any information contained in such document shall
be presumed to be verified as of the date of issuance of such document.
4. Anonlinemarketplaceshallverifytheinformationcollectedunderthissectionnotlater
than ten days after collection.