Online Transaction Method and System Using a Payment Platform and a Logistics Company
First Claim
1. An online transaction method for conducting a merchandise transaction between a merchant and a user, the method comprising:
- (a) allowing the user to purchase a product of the merchant through an intermediary transaction platform, and receiving from the user a transaction request including at least a mode of payment selected by the user;
(b) sending a request for pickup service to a logistics company;
(c) receiving a first transaction status indicating that the merchant has shipped the product;
(d) receiving a second transaction status indicating that the user has confirmed receiving the product;
(e) conducting a first fund settlement between a payment platform and the logistics company, the first fund settlement including receiving funds from the logistics company into the payment platform; and
(f) conducting a second fund settlement between the payment platform and the merchant, the second fund settlement including transferring funds from the payment platform to the merchant.
2 Assignments
0 Petitions
Accused Products
Abstract
The disclosed online transaction method and system uses payment platform acting as an intermediary agent between the merchant and the shipping company to handle the payment. While the payment platform receives payment from the shipping company, the merchant receives payment from the payment platform. The method and system do not require buyers to use the payment method provided by an intermediary transaction platform to make a payment. Instead, the buyer may pay directly to the shipping company. Unlike conventional transaction method based on COD, however, the disclosed online transaction method and system centrally manage a logistics platform or multiple logistics operations run by logistics companies. The merchant does not receive the payment from the logistics company, but rather receive the payment from a centralized payment platform to ensure secure and fast payment.
25 Citations
16 Claims
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1. An online transaction method for conducting a merchandise transaction between a merchant and a user, the method comprising:
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(a) allowing the user to purchase a product of the merchant through an intermediary transaction platform, and receiving from the user a transaction request including at least a mode of payment selected by the user; (b) sending a request for pickup service to a logistics company; (c) receiving a first transaction status indicating that the merchant has shipped the product; (d) receiving a second transaction status indicating that the user has confirmed receiving the product; (e) conducting a first fund settlement between a payment platform and the logistics company, the first fund settlement including receiving funds from the logistics company into the payment platform; and (f) conducting a second fund settlement between the payment platform and the merchant, the second fund settlement including transferring funds from the payment platform to the merchant. - View Dependent Claims (2, 3, 4, 5, 6, 7, 8, 9, 10, 11)
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12. An online transaction system for conducting a merchandise transaction between a merchant and a user, the online transaction system comprising an intermediary transaction platform and a payment platform, the intermediary transaction platform and the payment platform being programmed to perform the following:
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(a) allowing the user to purchase a product of the merchant through the intermediary transaction platform, and receiving from the user a transaction request including at least a mode of payment selected by the user; (b) sending a request for pickup service to a logistics company; (c) receiving a first transaction status indicating that the merchant has shipped the product; (d) receiving a second transaction status indicating that the user has confirmed receiving the product; (e) conducting a first fund settlement between the payment platform and the logistics company, the first fund settlement including receiving funds from the logistics company into the payment platform; and (f) conducting a second fund settlement between the payment platform and the merchant, the second fund settlement including transferring funds from the payment platform to the merchant. - View Dependent Claims (13, 14, 15, 16)
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Specification