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Methods and systems for facilitating bids on products and services

  • US 20070083437A1
  • Filed: 09/23/2005
  • Published: 04/12/2007
  • Est. Priority Date: 09/23/2005
  • Status: Active Grant
First Claim
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1. A method of using a computer system to process bids, comprising:

  • identifying for sale an item having a floor price;

    displaying, using the computer, the item for bidding by at least one bidder;

    suppressing, during the displaying, the floor price such that the floor price is not available to the at least one bidder;

    limiting the at least one bidder to a predetermined number of bids on the item;

    receiving from the at least one bidder at least one bid on the item, the bid within the predetermined number of bids, the bid including a bid price;

    comparing on the computer the bid price to the floor price; and

    if the bid price for the item is at least equal to the floor price, then substantially immediately notifying the at least one bidder of the success of the at least one bid.

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