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2013•Value EngineeringRequires access

Study on the Legal Issues Related to Third-party Payment

Zheng Ming Qian

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Abstract

Third-party payment solved the security of funds and goods and the credit about buyers and sellers in the online shopping process,which restricts development of online shopping.But there are also many problems,such as the nature,the legal status of the third party payment,what kind of legal relations with other parties,deposit funds and its fruits of attribution and preservation issues;laws do not make explicit provision for these issues.Regulation in place restricts the development of third-party payment,so this article provides an analysis on these issues.

About this research paper

What this paper is about

Third-party payment solved the security of funds and goods and the credit about buyers and sellers in the online shopping process,which restricts development of online shopping.But there are also many problems,such as the nature,the legal status of the third party payment,what kind of legal relations with other parties,deposit funds and its fruits of attribution and preservation issues;laws do not make explicit provision for these issues.Regulation in place restricts the development of third-party payment,so this article provides an analysis on these issues.

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Available abstract

Third-party payment solved the security of funds and goods and the credit about buyers and sellers in the online shopping process,which restricts development of online shopping.But there are also many problems,such as the nature,the legal status of the third party payment,what kind of legal relations with other parties,deposit funds and its fruits of attribution and preservation issues;laws do not make explicit provision for these issues.Regulation in place restricts the development of third-party payment,so this article provides an analysis on these issues.

Key concepts: Third party, Payment, Business, Law and economics, Payment service provider, Attribution, Commerce, Internet privacy

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