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ESCROW PAYMENT TO FACILIATE ON-LINE TRANSACTIONS

  • US 20090327099A1
  • Filed: 11/11/2008
  • Published: 12/31/2009
  • Est. Priority Date: 06/30/2008
  • Status: Active Grant
First Claim
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1. A method of facilitating an on-line transaction, comprising:

  • receiving a secret from a seller;

    receiving a request from a potential buyer to transfer funds from a funding account to an on-line holding account, wherein the funds are at least a partial payment for on-line goods or services;

    transferring the funds to the holding account;

    receiving a request from the potential buyer to release the funds to a user account if the on-line transaction is to be completed;

    transferring the funds from the holding account to the user account; and

    transmitting a confirmation comprising the secret to the seller when the funds are transferred to an account of the seller.

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