METHOD AND SYSTEM FOR TRANSACTING A PURCHASE USING A CREDIT CARD FROM THE SELLER
First Claim
1. A method for transacting a purchase between a buyer and a seller using a computer-implemented purchasing system in which the buyer and seller access an intermediary application, the method comprising:
- a) offering an item for sale through an auction manager, said auction manager residing on a first computing device interconnected to a network;
b) receiving at least one acceptable bid on said item from a potential buyer;
c) determining a winning bid on said item by said auction manager, thereby identifying a buyer for said item;
d) issuing a debit card to the seller, the debit card being issued by the intermediary application; and
e) transacting a purchase between the buyer and the seller using the debit card of step d).
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Accused Products
Abstract
A method is provided for transacting a purchase between a buyer and a seller over the Internet. The method comprises the steps of: (a) offering an item for sale through the use of a purchase transaction manager, where the purchase transaction manager resides on a computing device interconnected to the Internet; (b) providing credit account information from the seller of the item to the purchase transaction manager; (c) receiving at least one acceptable bid on the item from a potential buyer, where each acceptable bid includes credit account information for the potential buyer; (d) determining a winning bid on the item, thereby identifying a buyer for the item; and (e) transacting a purchase between the buyer and the seller using the credit account information from the buyer and the seller.
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Citations
10 Claims
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1. A method for transacting a purchase between a buyer and a seller using a computer-implemented purchasing system in which the buyer and seller access an intermediary application, the method comprising:
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a) offering an item for sale through an auction manager, said auction manager residing on a first computing device interconnected to a network;
b) receiving at least one acceptable bid on said item from a potential buyer;
c) determining a winning bid on said item by said auction manager, thereby identifying a buyer for said item;
d) issuing a debit card to the seller, the debit card being issued by the intermediary application; and
e) transacting a purchase between the buyer and the seller using the debit card of step d). - View Dependent Claims (2, 3, 4, 5, 6, 7, 8, 9)
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10. A computer-implemented purchasing system for transacting a purchase between a buyer and a seller, the purchasing system comprising:
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a) an auction manager residing on a first computing device 4 interconnected to a network, the auction manager operable to;
offer a seller'"'"'s item for sale;
receiving at least one acceptable bid on said item from a potential buyer;
determine a winning bid on said item thereby identifying a buyer for said item;
transact a purchase between the buyer and the seller; and
b) an intermediary application operable to issue a debit card to the seller after the winning bid is determined, the debit card being used to transact the purchase.
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Specification