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SERVICE TRANSACTION FACILITATION SYSTEMS AND METHODS

  • US 20070233510A1
  • Filed: 03/14/2007
  • Published: 10/04/2007
  • Est. Priority Date: 03/17/2006
  • Status: Abandoned Application
First Claim
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1. A method for facilitating a transaction for a delivery of a service by a service provider to a service buyer, the method comprising:

  • listing a service work order from a service buyer in an auction for bidding by one or more service providers;

    selecting a service provider from one or more service providers that submitted a bid for the service work order listed at the auction;

    causing a payment from the service buyer to be escrowed, the payment being responsive to the bid submitted by the selected service provider;

    providing the selected service provider with data relating to the escrowed payment and the service buyer;

    providing an escrowed payment release authorization to the service buyer; and

    allowing transfer of at least a portion of the escrowed payment to the selected service provider in response to receipt of the escrowed payment release authorization.

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