A Study On The Legal Mechanism Of Risk Prevention In Micro - Payment

This paper takes the legal risks existing in the Wechat Pay as the research object to explore the existing risks within Wechat Pay models and respectively have them analyzed.Then further measurements will be offered by the author. The article is divided into five parts. In the first part the author puts forward the significance of this topic that is nowadays there do exist some risks in Wechat Pay and few studies have dealt with this topic, so it is necessary to do some researches and put forward some practical solutions for this current issue. In the second part, the author starts with the concept of Wechat Pay to acknowledge the readers of the exact meaning of Wechat Pay and presents the possible risks within the current payment models of Wechat Pay. In the third part, the author illustrates the mains risks of Wechat Pay, for instance, the credit guarantee risk, login authentication risk,regulatory risk, fraud risk, then with the help of some specific cases, the author tries to respectively analyze these risks and existing problems. In the fourth part, the author puts forward some solutions for the above problems from the aspects of legislation,administrative regulation and judicial, meanwhile, to better solve these risks, relevant experiences on online payments are also learnt from the United States, the European Union,Japan.The innovation of this article lies with the introduction of credit guarantee risk within Wechat Pay. By comparison with other payment platforms, the author has managed to realize the legal risks existing within the unique payment models of Wechat Pay.