“…e-Commerce is like marriage; both have to get some benefit out of it to work…’” Consultant The aim of this paper is to present an interpretation of the risk issues currently concerning e-Procurement. In seeking to explore a developing area of theory, the current perception of practitioners has been investigated and reconciled with existing related literature. This was approached through in-depth interviews with a variety of stakeholders in organisations that have embarked upon e-Procurement. After developing a literature-based taxonomy, current perceptions and practices were reviewed and refined, providing a foundation for the further development of a system for classification of key risks in e-Procurement, and a guide towards identification of risks and best practice.