Quote:
Originally Posted by housenuts
i'm curious what the settlement mechanism is. says it's done daily, but doesn't specify via how. maybe the parties are meant to communicate between each other and determine how they want to settle.
This is correct from how I understand it. There isn't any exchange of funds on part of the website but is done person to person. The problem is there is no recourse if someone doesn't pay except banning from site from my understanding.
I think the site / App can't ever be in charge of holding or transferring funds because that would make it illegal
Edit: not sure if above is correct but my understanding