The Risk In Third-party Payment And Its Prevention

As technology advances,the development of internet is also growing fast,and the contact of the world is closer and closer. The transactions from all over the world, that is known for dealing face to face, developing into a E-commerce, which is used by consumers to do payments online and the seller deliver goods directly. The generation of third-party payment changed our way of living and the consumption concept in a great degree. Currently,the third-party payment market is very concentrated. Its business scope is expanding. However, the supervision of third-party payment has been difficultly to keep up with its pace of development. "Public innovation and entrepreneurship" and "Internet +" strategy is inseparable from the third-party payment market innovation and development and improvement. Therefore,under the new situation,how to establish feasible and effective risk prevention mechanism to monitor third-party payment services and control the risks that may arise is particularly important.This paper objectively starts from the current situation of the third-party payment of our country, analyzing the third party payment’s connotation, features and possible risks. Then taking China’s largest third-party payment mechanism- Alipay for example, analyze the risk which may exist in its third-party payment platform. Through analyzing the experience of risk prevention of the third-party payment in Europe and the United States, propose pertinent advices to deal with the risks in the third-party payment which are mentioned in this paper. Thus provide a healthy environment for the third-party payment’s development and ensure its sustainable development.