Process and product for determining an amount of posting payment

• US 20030083979A1
• Filed: 07/02/2002
• Published: 05/01/2003
• Est. Priority Date: 04/02/1999
• Status: Active Grant

• Current Assignee: PayPal, Inc. (PayPal Holdings, Inc.)
• Original Assignee: Walker Digital LLC (Walker Innovation Inc. (f/k/a Patent Properties, Inc.))
• Inventors: OʼShea, Deirdre, Van Luchene, Andrew S., Gelman, Geoffrey M., Alderucci, Dean P., Walker, Jay S.
• Granted Patent: US 7,251,620 B2
• Time in Patent Office: Days
• US Class Current: 705/37
• CPC Class Codes: G06Q 20/00 Payment architectures, schemes or protocols apparatus for performing or posting payment transactions G07F7/08, G07F19/00; electronic cash registers G07G1/12
• CPC Class Codes: G06Q 20/02 involving a neutral party, e.g. certification authority, notary or trusted third party [TTP]
• CPC Class Codes: G06Q 20/04 Payment circuits
• CPC Class Codes: G06Q 20/10 specially adapted for electronic funds transfer [EFT] systems; specially adapted for home banking systems
• CPC Class Codes: G06Q 20/12 specially adapted for electronic shopping systems
• CPC Class Codes: G06Q 20/24 Credit schemes, i.e. "pay after"
• CPC Class Codes: G06Q 20/40 Authorisation, e.g. identification of payer or payee, verification of customer or shop credentials; Review and approval of payers, e.g. check credit lines or negative lists
• CPC Class Codes: G06Q 20/403 Solvency checks
• CPC Class Codes: G06Q 30/00 Commerce
• CPC Class Codes: G06Q 30/02 Marketing; Price estimation or determination; Fundraising
• CPC Class Codes: G06Q 30/0207 Discounts or incentives, e.g. coupons or rebates
• CPC Class Codes: G06Q 30/0214 Referral reward systems
• CPC Class Codes: G06Q 30/0215 Including financial accounts
• CPC Class Codes: G06Q 30/0217 involving input on products or services in exchange for incentives or rewards
• CPC Class Codes: G06Q 30/0275 Auctions
• CPC Class Codes: G06Q 30/0277 Online advertisement
• CPC Class Codes: G06Q 30/0283 Price estimation or determination
• CPC Class Codes: G06Q 30/04 Billing or invoicing
• CPC Class Codes: G06Q 30/06 Buying, selling or leasing transactions
• CPC Class Codes: G06Q 30/0601 Electronic shopping [e-shopping]
• CPC Class Codes: G06Q 30/0609 : Buyer or seller confidence or verification
• CPC Class Codes: G06Q 30/0613 : Third-party assisted
• CPC Class Codes: G06Q 30/0641 : Shopping interfaces
• CPC Class Codes: G06Q 30/08 : Auctions
• CPC Class Codes: G06Q 40/04 : Trading; Exchange, e.g. stocks, commodities, derivatives or currency exchange

Abstract

Products and processes are provided in which information is received about a post for an item to be sold. The information may include, e.g., the class and type of item being sold, the reputation of a seller, a floor price below which the item will not be sold, a condition of the item and peripherals included with the item. Based on the received information, a posting payment amount is determined.

Claims

1. A method comprising:

receiving data indicating an item for sale by an owner;

posting the item for sale;

receiving a bid amount for the item; and

paying the owner more than the bid amount in exchange for the item.

2. The method of claim 1, in which the step of receiving data comprises:

receiving the data via a Web page.

3. The method of claim 1, in which the step of posting the item for sale comprises:

generating a Web page indicating the item; and

making the Web page accessible for display.

4. The method of claim 1, in which the step of paying the owner more than the bid amount comprises:

forwarding the bid amount from a third party to the owner; and

paying the owner an additional amount.

5. The method of claim 1, further comprising:

displaying a minimum sale price for the item.

6. The method of claim 1, in which the step of paying the owner more than the bid amount comprises:

crediting an account of the owner.

7. The method of claim 6, in which the step of crediting an account of the owner comprises:

crediting the account by a minimum sale price in one transaction.

8. A method comprising:

receiving first data indicating a purchase of an item by a buyer for a purchase price;

determining an expected difference between

the purchase price and

a subsequent selling price of the item;

offering to the buyer a posting payment amount in exchange for posting the item if the difference exceeds a predetermined threshold;

receiving second data indicating a post of the item for sale by the buyer;

posting the item for sale; and

providing the posting payment amount to the buyer.

9. The method of claim 8, in which the step of receiving first data comprises:

receiving the first data via a Web page.

10. The method of claim 8, in which the step of providing the posting payment amount to the buyer is performed before the step of posting the item for sale.

11. The method of claim 8, further comprising:

receiving a command from the buyer to post the item for sale,

in which the step of receiving a command is performed before the step of posting the item for sale.

12. The method of claim 8, in which the step of posting the item for sale comprises:

generating a Web page indicating the item; and

making the Web page accessible for display.

13. A method comprising:

receiving data indicating an item for sale by an owner;

determining a posting payment amount based on a novelty of the item;

posting the item for sale; and

paying the owner the posting payment amount.

14. The method of claim 13, in which the step of determining a posting payment amount comprises:

determining a number of previously-sold siilar items.

15. A method comprising:

displaying a first Web page that indicates an item for sale,

in which the Web page includes at least one button;

receiving data that indicates actuation of the button;

determining a posting payment amount for the item; and

displaying the posting payment amount on a second Web page.