This presentation will tell about the various risks involved in paying through internet. Internet is a medium of delivering goods and services all around the world to the customers who are far away..so it includes various types of risks

1. E-COMMERCE
RISKS INVOLVED IN
E-PAYMENT

2. CONTENTS
2) Why to use e-payments?
1) What is e-payment ?
3) Risks involved in E-payment
Payment conflicts
Impulse buying
Dishonest merchants and financial providers
Stolen passwords credentials and passwords

3. What is e-payment ?
• It is financial exchange
that takes place
electronically between
buyer and the seller.

4. Why to use e-payments?
• Helps to sell the items faster and more conveniently for both buyer
and the seller.
• E-payment system enables faster order processing & delivery.
• Online presence creates a stronger company
profile and yield access to new local and foreign
market.

5. Risks involved in E-payment
Stolen payment
credentials and
password
Impulse buying
Dishonest
merchants &
financial
providers
Payment
conflicts
Lack of
anonymity

6. • Payment conflict often arise because payments are not
done manually but done by an automated system that can
cause error.
• This is especially common when payment is done on a regular
basis to many recipients.
A) Payment conflicts

7. • Impulse buying means – sudden buying
• e-payment systems encourage impulse buying ,
especially online.
• Impulse buying leads to disorganized budgets.
B) Impulse Buying.

8. • Sometimes, some ecommerce website are fake and if
the customers does any transaction from that website
then it becomes a fraudulent activity for that
customer.
• There are fake merchants who provoke the customers
to buy the goods.
C) Dishonest merchants and financial providers

9. • Sometimes whatever transaction takes place, it is not safe.
There are different modes of electronic mode like credit
cards, debit card, e-cash etc.
• There are highly chance of passwords being hacked by the
middle men.
D) Stolen payment credentials and passwords

10. • The information about all the transactions are stored in the
database of the payment system.
• Simply means the intelligence agency has an access to this
information.
E) Lack of anonymity.