I don't see a connection between pay and the interview process. Should the company also make their chairs one-third the height? Have one third the whiteboard marker colors? Feed you one-third of a lunch?
My willingness to jump through hoops is proportionate to how much I want to work with you. If you pay me well and treat me well, I want to work with you. If you're trying to hire me for 50% of market, my tolerance is much lower.
