Purpose:
To regulate online sellers and ensure transparency in electronic trade transactions.
Key Highlights:
Online sellers must clearly display:
• Business name
• Registration number (if applicable)
• Contact information
• Product descriptions
• Full price (including additional charges)
• Terms and conditions, refund policies
• Delivery timelines
• Payment methods
Other requirements include:
• Providing a proper acknowledgment for every order.
• Maintaining transaction records for at least 2 years.
• Prohibiting online fraud and misleading information.
Why it matters for businesses:
Compliance builds trust and credibility, reduces risks of disputes, and avoids penalties by enforcement agencies.
DSA Corporate Secretarial Services Sdn Bhd 202001018475 (1374795-M)
15-17, Menara Mutiara Central, 2, Jalan Desa Aman 1, Cheras Business Centre, 56000 Cheras, Wilayah Persekutuan Kuala Lumpur, Malaysia.