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Method and system for improved online auction

  • US 20030182222A1
  • Filed: 03/25/2002
  • Published: 09/25/2003
  • Est. Priority Date: 03/25/2002
  • Status: Active Grant
First Claim
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1. A method of facilitating auction-based online commerce, comprising:

  • providing a rate engine for determining the cost of shipping an item from a location designed by a seller to a location designed by a buyer, the rate engine comprising an insurance rate calculator, a carrier rate calculator, and a packaging calculator;

    providing a retrieval application for retrieving auction data via a communication network; and

    providing a calculation module for automatically determining a shipping cost for the item, based on data from the rate engine and the retrieval application.

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