Ecommerce methods and systems

• US 20060085276A1
• Filed: 05/09/2005
• Published: 04/20/2006
• Est. Priority Date: 10/15/2004
• Status: Abandoned Application

• Current Assignee: 8020 Group Co.
• Original Assignee: 8020 Group Co.
• Inventors: Vatistas, Paul, Hoech, Johannes
• Application Number:
  US11/124,886
• Publication Number:
  US 20060085276A1
• Time in Patent Office: Days
• US Class Current: 705/26
• CPC Class Codes: G06Q 30/06 Buying, selling or leasing transactions
• CPC Class Codes: G06Q 30/0613 Third-party assisted

Abstract

A method of conducting business transactions on a networked system includes receiving buyer registration information from a prospective buyer, including information describing a purchasing interest. Seller information is also received which includes information describing an offer being proffered by a prospective seller. At least some of the buyer information describing the purchasing interest and at least some of the seller information describing the offer being proffered are selectively matched. In response to a match, an executable message is transmitted to the prospective buyer with the description of the offer and which allows the prospective buyer to accept or decline the offer.

Claims

1. A method of conducting business transactions on a networked system comprising:

receiving buyer information from a prospective buyer describing a purchasing interest;

receiving seller information from a prospective seller describing an offer being proffered by the prospective seller;

selectively matching at least some of the buyer information describing the purchasing interest and at least some of the seller information describing the offer being proffered; and

in response to matching, transmitting an executable message to the prospective buyer with the description of the offer; and

allowing the prospective buyer to accept or decline the offer.

2. The method of claim 1, further comprising:

receiving an executable message from the prospective buyer accepting the offer;

automatically debiting the prospective buyer through a payment option provided as part of the buyer information; and

notifying the prospective seller that a sale has been made.

3. The method of claim 1, wherein selectively matching comprises:

entering the buyer information on a buyer list including buyer information from plurality of prospective buyers;

entering the seller information on a seller list including seller information from a plurality of prospective sellers; and

comparing the buyer list and the seller list to match the prospective buyer and the prospective seller.

4. The method of claim 3, wherein the buyer information entries on the buyer list include a maximum acceptable purchase price and the seller information entries on the seller list include a minimum acceptable sales price and comparing the buyer and seller lists comprises comparing the maximum acceptable purchase prices and the minimum acceptable sales prices to match the prospective seller and the prospective buyer.

5. The method of claim 4, further comprising:

ranking entries on the buyer list by maximum acceptable purchase price;

ranking entries on the seller list by minimum acceptable sales price; and

comparing the rankings of the buyer and seller lists to match a prospective buyer having the highest maximum acceptable purchase price with a prospective seller having the highest minimum acceptable sales price.

6. The method of claim 3 wherein a selected buyer information entry on the buyer list includes an identification of order type selected from the group consisting of market, limit, precision, interested, and confirmed orders.

8. The method of claim 1, wherein the executable message comprises an instant message transmitted across the networked system.

9. The method of claim 1, wherein a portion of the networked system is wireless.

13. The system of claim 10, wherein the system if further operable to:

in response to a match of a maximum buy price included in corresponding buyer information and a minimum sell price included in the corresponding seller information, check the buyer information for conditions on closing the sale; and

selectively automatically close the sale between the matching prospective buyer and the matching prospective seller when allowed by the conditions on closing the sale.

14. The system of claim 13, wherein the system selectively automatically closes the sale when the maximum buy price is a prevailing market price.

15. The system of claim 13, wherein the system selectively automatically closes the sale when the minimum selling price is at or below the maximum buy price.

7. The method of 3, further comprising:

allowing the prospective seller to view the buyer list; and

receiving new seller information from the prospective buyer for entry on the seller list in response.

10. A transaction system for implementing online sales between prospective buyers and sellers and operable to:

receive buyer information from the prospective buyers describing purchasing interests;

receive seller information describing offers being made by the prospective sellers;

categorize the purchasing interests and the offers;

selectively match purchasing interests of the prospective buyers and offers of the prospective sellers by category; and

in response to a match in a category, selectively match prospective buyers and sellers within the matching category by a maximum buy price included in the corresponding buyer information and a minimum sell price included in the corresponding seller information.

11. The system of claim 10, wherein the system is further operable in response to a match by price, to transmit an executable instant message to a matching prospective buyer with the description of the offer from a matching prospective seller.

12. The system of claim 11, wherein the system if further operable in response to the executable instant message to receive an acceptance from the matching prospective buyer and automatically initiate a sale between the prospective buyer and the matching prospective seller.

16. The method of claim 11, further comprising:

receiving in response to the instant message a counteroffer from the matching prospective buyer; and

transmitting the counteroffer to the matching prospective seller.

17. The method of claim 11, further comprising receiving a request for additional information from the matching prospective buyer in response to the executable instant message.

18. The method of claim 11, further comprising automatically debiting the matching buyer utilizing a payment method authorized in the corresponding buyer information.

19. The method of claim 11, further comprising automatically debiting the matching seller a commission for closing the transaction.