SETTLEMENT SYSTEMS AND METHODS WHEREIN A BUYER TAKES POSSESSION AT A RETAILER OF A PRODUCT PURCHASED USING A COMMUNICATION NETWORK
First Claim
1. A method of operating a purchasing system, comprising:
- arranging through a communication network for a buyer to (i) purchase a product from a seller at a first price, and (ii) take possession of the product at a retailer, different from the seller, that offers the product for sale at a second price;
receiving from the buyer a payment of an amount based on the first price; and
arranging for the retailer to receive payment of an amount based on a settlement price in exchange for providing the product to the buyer.
10 Assignments
0 Petitions
Accused Products
Abstract
Settlement systems and methods are provided wherein a buyer takes possession of a product at a retailer. In one embodiment, a purchasing system arranges through a communication network for a buyer to purchase a product from a seller at a first price. The purchasing system also arranges for the buyer to take possession of the product at a retailer that offers the product for sale at a second price. Payment of an amount based on the first price is received from the buyer, and the purchasing system arranges for the retailer to receive payment of an amount based on a settlement price in exchange for providing the product to the buyer.
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Citations
102 Claims
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1. A method of operating a purchasing system, comprising:
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arranging through a communication network for a buyer to (i) purchase a product from a seller at a first price, and (ii) take possession of the product at a retailer, different from the seller, that offers the product for sale at a second price;
receiving from the buyer a payment of an amount based on the first price; and
arranging for the retailer to receive payment of an amount based on a settlement price in exchange for providing the product to the buyer. - View Dependent Claims (2, 3, 4, 5, 6, 7, 8, 9, 10, 11, 12, 13, 14, 15, 16, 17, 18, 19, 20, 21, 22, 23, 24, 25, 26, 27, 28, 29, 30, 31, 32, 33, 34, 35, 36, 37, 38, 39, 40, 41, 42, 43, 44, 45, 46, 47, 48, 49, 50, 51, 52, 53, 54, 55, 56, 57, 58, 59, 60, 61, 66, 67, 68, 69, 70, 71, 72, 73, 74, 75, 76, 77, 78, 79, 80, 81, 82, 83)
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62. A method of operating a purchasing system, comprising:
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receiving, from a buyer through a communication network, information about a product to be purchased from a seller at a first price;
receiving payment based on the first price from the buyer;
arranging for the buyer to take possession of the product at a retailer, different from the seller, that offers the product for sale at a second price;
sending to the retailer verification information enabling the retailer to authorize the buyer to take possession of the product; and
arranging for the retailer to receive payment of a settlement price in exchange for providing the product to the buyer. - View Dependent Claims (63, 64, 65, 84)
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85. A method of operating a purchasing system, comprising:
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receiving, from a buyer through a communication network, a buyer offer, including information about a product to be purchased, a fist price and a payment identifier;
determining if the buyer offer will be accepted by evaluating at least one of;
the first price, a settlement price to be paid to a retailer in exchange for providing the product to the buyer, a seller price to be paid to a seller of the product, a subsidy amount to be paid by a subsidy provider, a commission amount to be paid by a commission provider, and a minimum acceptable price;
receiving from the buyer payment of the first price using the payment identifier;
sending a pseudo payment identifier to the buyer;
receiving the pseudo payment identifier from the retailer;
sending to the retailer a verification authorizing the buyer to take possession of the product; and
arranging for the retailer to receive payment of the settlement price. - View Dependent Claims (86)
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87. A purchasing system device, comprising:
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a processor; and
a storage device coupled to said processor and storing instructions adapted to be executed by said processor to;
arrange through a communication network for a buyer to (i) purchase a product from a seller at a first price, and (ii) take possession of the product at a retailer, different from the seller, that offers the product for sale at a second price;
receive from the buyer a payment of an amount based on the first price; and
arrange for the retailer to receive payment of an amount based on a settlement price in exchange for providing the product to the buyer.
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88. A purchasing system apparatus, comprising:
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means for arranging through a communication network for a buyer to (i) purchase a product from a seller at a first price, and (ii) take possession of the product at a retailer, different from the seller, that offers the product for sale at a second price;
means for receiving from the buyer a payment of an amount based on the first price; and
means for arranging for the retailer to receive payment of an amount based on a settlement price in exchange for providing the product to the buyer.
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89. A medium storing instructions adapted to be executed by a processor to perform a method for operating a purchasing system, said method comprising:
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arranging through a communication network for a buyer to (i) purchase a product from a seller at a first price, and (ii) take possession of the product at a retailer, different from the seller, that offers the product for sale at a second price;
receiving from the buyer a payment of an amount based on the first price; and
arranging for the retailer to receive payment of an amount based on a settlement price in exchange for providing the product to the buyer.
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90. A method of using a purchasing system, comprising:
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arranging with the purchasing system, through a communication network, to purchase a product from a seller at a first price;
paying an amount based on the first price to the purchasing system;
receiving redemption information from the purchasing system;
providing the redemption information to a retailer that offers the product for sale at a second price; and
taking possession of the product at the retailer.
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91. A method of providing products to buyers using a purchasing system, comprising:
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arranging to provide a product in exchange for a settlement price;
receiving redemption information from a buyer;
sending the redemption information to the purchasing system;
receiving from the purchasing system a verification authorizing the buyer to take possession of the product;
providing the product to the buyer; and
receiving payment of the settlement price.
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92. A method of selling a product using a purchasing system, comprising:
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arranging with the purchasing system to sell a product to a buyer at a seller price;
receiving from the purchasing system information related to a buyer purchase; and
exchanging a seller amount with the purchasing system such that the product has been provided to the buyer in exchange for the seller price.
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93. A method of operating a purchasing system, comprising:
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arranging through a communication network for a buyer to purchase a product from a seller at a first price;
arranging for the buyer to take possession of the product at a retailer that offers the product for sale at a second price;
arranging for the buyer to provide a payment to the retailer based on the first price; and
arranging for the retailer to receive a payment, in exchange for providing the product to the buyer, based on the difference between a settlement price and the first price.
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94. A method of operating a purchasing system, comprising:
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arranging through a communication network for a buyer to purchase a product from a seller at a first price;
arranging for the buyer to take possession of the product at a retailer that offers the product for sale at a second price;
arranging for the buyer to provide a payment to the retailer based on the second price; and
arranging for the buyer to receive a payment based on the difference between the first price and the second price.
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95. A method of operating a purchasing system, comprising:
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arranging through a communication network for a buyer to purchase a product from a seller at a first price;
arranging for the buyer to take possession of the product at a retailer that offers the product for sale at a second price; and
arranging for the retailer to receive payment of a settlement price in exchange for providing the product to the buyer. - View Dependent Claims (96, 97, 98, 99, 100)
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101. A method of operating a purchasing system, comprising:
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arranging through a communication network for a buyer to (i) purchase a product from a seller at a first price, and (ii) take possession of the product at a retailer, different from the seller, that offers the product for sale at a second price;
arranging for the buyer to provide to the retailer a payment of an amount based on the first price; and
arranging for the retailer to receive payment of an amount based on a difference between the first price and a settlement price in exchange for providing the product to the buyer.
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102. A method of operating a purchasing system, comprising:
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arranging through a communication network for a buyer to (i) purchase a product from a seller at a first price, and (ii) take possession of the product at a retailer, different from the seller, that offers the product for sale at a second price;
determining if the second price is less than the first price; and
if the second price is less than the first price, arranging for the buyer to purchase the product from the seller at no more than the second price.
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Specification