Quote from: gweedo on February 25, 2013, 08:40:47 PM

Quote from: yellowdog213 on February 25, 2013, 08:01:53 PM

This may be a stupid question, but I'm not always very good at understanding things when I read them, so I apologize if this is stupid.

What is the purpose of having a linked paypal account? Is it simply another way for lenders to see who is reliable and such? Or will late payments be made using paypal? I have never used paypal so I am not sure how it works and such...

Again, sorry if this is a stupid question, but it would be great if someone could clear up my confusion for me!! Thank you!

https://www.paypal.com/us/webapps/mpp/security/verification-faq

BTCJam only accept verified paypal which is that paypal has done the hard work of making sure they say who they are.

Right, I understand this. But it does not mean that BTCJam will take money from paypal in order to pay overdue loans, correct? I understand that borrowers who have verified paypal are likely to be much more reliable, but things happen (people forget to pay on time, etc) and I am just wondering if paypal is being used as a back-up money supply for overdue payments on BTCJam.