Third-party Payment Platform Regulatory Issues

The emergence of third-party payment, to some extend, alleviates the problem of e-business over it's current mode of payment. However, though it does help the development of e-business, the third-party payment puts forward a new question for discussion to the designment of new market orders and the rule of operation.This dissertion contains four parts. The first part mainly introduces three mode of payment of the third-party payment. The second part, on the basis of the first one, analyses the reason to supervise third-party payment: a third-party payment provides the service of "agency of payment and acceptance" which has no legal basis. 1) third-party payment may cause risks of payment and moral due to the lack of the curreny management while obtaining lots of capital; 2) the consumer is under the risk of no security of his personal formation and capital; and 3) the uncertainty of the legal validity for the third-party payment and the severity of illegal financial activities. Therefore, the supervision of the third-party payment shall be reinforced.The third part describes the experience of supervision on the third-party payment in the United States and the European Union, and through the comparision of the bussiness of company PayPal in these two regions, further analyzed the differences thereof between the regions. To conlude, with the development of e-business, it is a urgent matter to strengthen the financial supervion of the third-party payment as to constitute a good environment of online payment. In the fourth part, concerning the practice of our state, the sugesstions of supervision of the third-party payment are made.