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Town of Elon Town Council MeetingAGENDA ITEMS August 8, 2023 104 S. Williamson Avenue Elon, NC 27244 6:00 PMI. Call to Order. Pledge of Allegiance. Motion to Approve by Reference the Items Listed
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Online payment services are platforms that allow individuals and businesses to make and accept payments over the internet securely and conveniently.
Businesses that receive payments for goods or services through online payment systems are required to file online payment services, particularly if they meet certain revenue thresholds.
To fill out online payment services, users typically need to provide relevant account information, transaction details, and ensure compliance with applicable regulations and guidelines.
The purpose of online payment services is to facilitate secure, fast, and efficient electronic transactions between buyers and sellers, enhancing the shopping and payment experience.
Information that must be reported includes transaction amounts, dates, payer details, and the nature of the goods or services provided.
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