Payment Methods for Consumer-to-Consumer Online Transactions

30 Pages Posted: 8 Dec 2007

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.

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

JEL Classification: K12

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: https://ssrn.com/abstract=1057521

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/

Do you have negative results from your research you’d like to share?

Paper statistics

Downloads
1,040
Abstract Views
5,372
Rank
39,719
PlumX Metrics