Payment Methods for Consumer-to-Consumer Online Transactions

Sorkin, David

Abstract

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Payment Methods for Consumer-to-Consumer Online Transactions

David E. Sorkin

The John Marshall Law School

Akron Law Review, Vol. 35, No. 1, pp. 1-30, 2001

Abstract:
Participants in eBay online auctions and other types of online transactions involving private individuals increasingly use PayPal or online payment services that enable individuals to make credit card payments to one another, generally with the payment service acting as an intermediary. Relatively little attention has been paid to the risks and potential liabilities that such services involve for buyers and sellers. This Article compares online payment systems and similar intermediary services to traditional payment mechanisms in that context. The Article concludes that making chargeback rights available for credit card-based online payments would help balance transaction risks between buyers and sellers.

Number of Pages in PDF File: 30

Keywords: payment, consumer protection, PayPal, eBay, credit cards, e-commerce, Internet

JEL Classification: K12

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Date posted: December 8, 2007

Suggested Citation

Sorkin, David E., Payment Methods for Consumer-to-Consumer Online Transactions. Akron Law Review, Vol. 35, No. 1, pp. 1-30, 2001. Available at SSRN: http://ssrn.com/abstract=1057521

Contact Information

David E. Sorkin (Contact Author)

The John Marshall Law School ( email )

315 South Plymouth Court
Chicago, IL 60604
United States
312-987-2387 (Phone)

HOME PAGE: http://www.sork.com/