Online payment is one of the biggest fears of any consumer. Giving sensitive information such as debit card details and passwords make the consumer vary of such online deals. Transactions between strangers have grown at a tremendous rate in recent years, largely as a result of the popularity of eBay and other Internet auction sites.' Internet auctions are an international phenomenon. Most online transactions occur without a hitch, but the opportunities for mischief and mistake, together with the tremendous volume of transactions, inevitably result in a significant number of problems.[1]

It is however one of the safest and most secured systems out of the various apprehensions that consumers have. This is because these online transactions are not facilitated by these e-retail websites rather they are co-ordinated by designated high security service providers such as PayPal, PaisaPay, RuPay etc which have secure connections with banks for such transaction.[2]

The E-Retail websites also educate the consumer as to the methods and processes of the transaction and walk them through the transaction. They also make it clear not divulge any information via email to anybody, not even eBay itself. All the security codes are hence required only on the merchant website i.e. PayPal which moves the money from the buyer to eBay’s account which is subsequently forwarded to the seller once the item is received by the buyer.[3]