Method of selling items using a computer and a communication network

• US 20030130932A1
• Filed: 01/07/2003
• Published: 07/10/2003
• Est. Priority Date: 01/08/2002
• Status: Abandoned Application

• Current Assignee: Wondoe, Inc.
• Original Assignee: Wondoe, Inc.
• Inventors: Wong, Kwok D.
• Application Number:
  US10/337,803
• Publication Number:
  US 20030130932A1
• Time in Patent Office: Days
• US Class Current: 705/37
• CPC Class Codes: G06Q 30/08 Auctions
• CPC Class Codes: G06Q 40/04 Trading; Exchange, e.g. stocks, commodities, derivatives or currency exchange
• CPC Class Codes: G07F 17/0042 for hiring of objects

Abstract

A method of selling an item using a computer and a communications network comprises the steps of registering a seller of the item to be sold and registering a bidder with a facilitator, listing the item to be sold with the facilitator, and specifying an ask amount and a minimum amount, wherein a trading zone is defined as the range between the minimum amount and the ask amount. When the bidder makes a high bid at a price which equals or exceeds the ask amount, the high bid is accepted and processed for payment. When the bidder makes a low bid at a price which is less than the minimum amount, the facilitator automatically rejects the bidder'"'"'s low bid. When the bidder makes a bid at a price which is greater than or equal to the minimum amount and less than the ask amount, the seller can choose to accept the bid, reject the bid, or make a counter-offer to the bid. The bidder can preferably make bids for all of the item to be sold, a portion of the item to be sold, or more than the item to be sold. The seller is capable of receiving essentially simultaneously bids corresponding to multiple bidders, and the facilitator may not reveal the bid of a separate bidder to any other bidder.

Claims

1. A method of selling an item using a computer and a communications network comprising in combination, the steps of:

registering a seller of the item to be sold and registering a bidder with a facilitator;

listing the item to be sold with the facilitator; and

specifying an ask amount and a minimum amount, wherein a trading zone is defined as a range between the minimum amount and the ask amount;

wherein when the bidder makes a high bid at a price which equals or exceeds the ask amount, the high bid is automatically accepted;

wherein when the bidder makes a low bid at a price which is less than the minimum amount, the facilitator automatically rejects the bidder'"'"'s low bid; and

wherein when the bidder makes a bid at a price which is greater than or equal to the minimum amount and less than the ask amount, the seller is capable of choosing to accept the bid, to reject the bid, or to make a counter-offer to the bid.

2. The method of selling the item of claim 1 wherein the seller is capable of withdrawing the item from sale at any time prior to submission of a bid at a price acceptable to the seller.

3. The method of selling the item of claim 1 further comprising the step of:

closing the sale of the item upon successful processing of payment information and identification information.

4. The method of selling the item of claim 3 wherein payment information comprises a credit card number of a credit card account, and identification information comprises a shipping address to ship the item to.

5. The method of selling the item of claim 1 further comprising the step of:

allowing the bid to expire after a period of time, wherein the period of time is determined by one of the facilitator and the seller.

6. The method of selling the item of claim 1 wherein in response to an accepted bid the facilitator refuses any other bids from other bidders.

7. The method of selling the item of claim 1 wherein the seller pays the facilitator a success fee upon successful closing of the sale of the item.

8. The method of selling the item of claim 1 wherein the facilitator comprises a networked web site where both the seller and the bidder can register.

9. The method of selling the item of claim 1 further comprising the step of:

having the facilitator provide for a safe keeping account, holding a payment from the bidder to the seller until completion of an additional event, and upon completion of the additional event, releasing the payment to the seller.

10. A method of selling an item using a computer and a communications network comprising in combination, the steps of:

registering a seller of the item to be sold and a plurality of bidders with a facilitator; and

listing the item to be sold with the facilitator;

wherein the seller is capable of receiving essentially simultaneously a plurality of bids each corresponding to a separate bidder, and the facilitator does not reveal the bid of any bidder to any other bidder.

11. The method of selling the item of claim 10 wherein the facilitator does not reveal to any bidder how many other bidders are bidding on the item.

12. The method of selling the item of claim 10 wherein the seller can choose which of the plurality of bids to accept, if any, and can make a counter bid to any of the plurality of bidders.

13. The method of selling the item of claim 12 wherein in the event that one of the plurality of bidders makes a bid which meets or exceeds a predetermined amount set by the seller, then the seller automatically accepts that bidder'"'"'s bid, and any other bids and counter bids are rejected.

14. The method of selling the item of claim 10 wherein the seller registers by providing identification information and payment information.

15. The method of selling the item of claim 10 wherein the bidder registers by providing identification information and payment information.

16. The method of selling the item of claim 10 wherein acceptance by the seller of one of the plurality of bids rejects the other of the plurality of bids and automatically ends all additional bidding on the item.

17. A method of selling an item using a computer and a communications network comprising in combination, the steps of:

registering a seller of the item to be sold and registering a bidder with a facilitator;

wherein the bidder is only able to bid on the item to be sold upon providing payment information to the facilitator;

listing the item to be sold with the facilitator; and

permitting the bidder to bid directly with the seller;

wherein the item can comprise a lot of items, and the bidder is capable of bidding at least one of a portion of the lot of items, and more than the lot of items.

18. A method of selling an item using a computer and a communications network comprising in combination, the steps of:

registering a seller of the item to be sold and registering a bidder with a facilitator;

wherein the bidder is only able to bid on the item to be sold upon providing payment information to the facilitator; and

listing the item to be sold with the facilitator;

wherein the seller is capable of receiving a bid from the bidder and is capable of sending a counter bid to the bidder.

19. The method of selling an item of claim 18 wherein the registration of the seller comprises the seller providing the facilitator with payment information.

20. The method of claim 18 wherein upon acceptance of the bid by the seller or acceptance of a counter bid by the bidder, the bidder'"'"'s payment information is processed and, if approved, the facilitator will send a message informing both the bidder and the seller of the approval of the bidder'"'"'s payment information.