What is the primary compliance consideration regarding business information provided during Walmart Seller Center account setup?
The primary compliance consideration regarding business information provided during Walmart Seller Center account setup is ensuring accuracy and consistency with official government records. This means the business name, address, tax identification number (TIN), and banking details provided to Walmart must precisely match the information registered with the Internal Revenue Service (IRS) or relevant government agencies in your country or state. Any discrepancy, even a minor one such as an abbreviation or formatting difference, can lead to delays in account approval, suspension of selling privileges, or withholding of payouts. Walmart uses this information to verify your business's legitimacy and comply with tax and regulatory requirements. For example, if your registered business name with the IRS is 'ABC Company, Inc.' but you enter 'ABC Co.' on the Walmart application, this inconsistency can trigger a verification issue. Providing accurate information is crucial for maintaining a compliant and operational Walmart Seller account.