Patent ID: 7627528

Claim:
A method for effecting at least one payment for a user of an electronic auction web site maintained by an electronic auction system, said method comprising the steps of: providing the user via a graphical user interface with an option to enable loaning of funds for at least one transaction conducted via the electronic auction web site; receiving authorization by a payment system from the user of the electronic auction web site in response to the option to loan funds thereto for effecting the at least one payment; enabling the display to the user of at least two payment sources for effecting the at least one payment, wherein one of the at least two payment sources is a payment account corresponding to the user and one of the at least two payment sources is a loaning funds payment source; loaning funds by the payment system via at least the loaning funds payment source for effecting the at least one payment if authorization from the user in response to the option has been received, wherein the payment system is in operative communication with the electronic auction system and maintains a payment segment of the electronic auction system and a plurality of payment accounts, including the payment account corresponding to the user; and enabling access to the payment account corresponding to the user and maintained by the payment system via at least one web page of the electronic auction web site.