Patent ID: 8255325

Claim:
A computer-implemented method for facilitating online payment transactions in a network-based transaction facility, the method comprising: using one or more computer processors for receiving payment option information from a first user, the payment option information identifying a selection of at least one of a plurality of payment instruments; determining that the first user is qualified to accept the at least one of the plurality of payment instruments, the determination being based on a risk management operation; evaluating a risk level of an online payment transaction between the first user and a second user using at least feedback information retrieved from memory, the feedback information pertaining to the second user and including information provided by peers of the second user in the network-based transaction facility, the risk level used to determine that the second user is qualified to use a payment instrument selected by the second user from the at least one of the plurality of payment instruments acceptable to the first user; and processing the online payment transaction based on the risk level evaluation.