Research On Legal Risk And Prevention Of The Third Party Payment Platform

With the rapid development of Internet,Internet finance is quietly changing people's traditional way of life,of which the third party payment platform as an newly-rising Internet financial products not only provides a convenient transfer of funds channels for the electronic commerce,but also brings a revolution to the traditional real economy.In recent years,the third party payment market is like all flowers bloom together in support of national policy,the transaction scale grows rapidly year by year.However,due to online payment started late in China,the relevant laws and regulations have not kept pace with the development of Internet finance,and the existing regulatory system is not perfect,coupled with the Internet environment perplexing,at the time when the third party payment platform facilitate people's lives,it also bring many legal risks,such as credit card cash,money laundering,tax evasion etc.If these risks are not effectively guard against,not only will harm the interests of consumers,and even threaten the stability of the overall financial order of the community.Compared with the third party payment in China,foreign business started earlier,the corresponding regulatory system with the business development has been relatively mature,especially in developed countries such as the United States and EU,from legislation to regulatory measures are unique,and has more reference value for consumer protection,anti money laundering and other aspects.Looking back to legislative system and regulatory system,China's third party payment platform norms still have many deficiencies,the protection of consumers need to be strengthened.This paper intends to analyze operation model and legal risk of the third party payment in order to divide the risk into two categories according to the risk source.Through case analysis,this paper makes an in-depth study about the legal risk characteristics,causes of third party payment and precautionary measures.At the same time,this paper analyze the third party payment legislation in our country,and elaborately analyze related legislation and regulatory measures of United States,European Union and other countries and regions,so as to provide suggestion to our country's legislative system and regulatory measures.