Conditional Partial Refund Based on Units Sold

• US 20120215615A1
• Filed: 05/03/2012
• Published: 08/23/2012
• Est. Priority Date: 08/29/2011
• Status: Abandoned Application

• Current Assignee: Triggerback LLC
• Original Assignee: Triggerback LLC
• Inventors: Moredock, Isaac
• Application Number:
  US13/462,990
• Publication Number:
  US 20120215615A1
• Time in Patent Office: Days
• US Class Current: 705/14.31
• CPC Class Codes: G06Q 30/0207 Discounts or incentives, e.g. coupons or rebates

Abstract

The disclosed technology provides a method for granting partial refunds (post-payment discounts) to purchasers of a product only if a pre-determined/pre-defined number of sales has been met to purchasers signing up to be part of a partial-refund program for the product. In this manner, the purchasers have the incentive to spread information about the partial refund to their friends, such as via social networking, and “advertising” on the part of the seller, who then makes more sales. If the sales threshold is met, the partial refund is issued.

Claims

1. A method of issuing a partial refund to each purchaser in an opt-in group of purchasers of a product, comprising the steps of:

setting a pre-determined sales threshold for sales of said product to said opt-in group before selling to a purchaser in said opt-in group;

setting a pre-determined partial refund amount before selling to a purchaser in said opt-in group;

advertising a first purchase price, said sales threshold, and said pre-determined partial refund amount;

receiving a request from and certifying each purchaser into said opt-in group before selling said product to each said purchaser;

selling said product at said first purchase price to a plurality of purchasers;

determining if said pre-determined sales threshold has been met; and

providing said pre-determined partial refund to said plurality of certified purchasers.

2. The method of claim 1, wherein potential purchasers are polled to determine which product is selected for use with said steps of setting and selling.

3. The method of claim 2, wherein said pre-determined partial refund is based on a number of votes in said polling for a said product.

4. The method of claim 2, wherein any potential purchaser in said poll meets said criteria for said certifying.

5. The method of claim 1, wherein said partial refund is in the form of a credit card refund.

6. The method of claim 5, wherein said step of selling is carried out by a first party and said refund is carried out by a third party, said first party paying a fee to said third party for each said refund.

7. The method of claim 1, wherein said sales threshold is limited by sales over a pre-determined period of time.

8. The method of claim 7, wherein said sales threshold is further limited by a fixed quantity of items sold.

9. The method of claim 7, wherein said product includes all products of a model, make, style, or type of service offering.

10. The method of claim 1, wherein a said product is selected for said steps of setting and selling, automatically, when inventory of said product rises above a pre-defined threshold.

11. The method of claim 10, wherein a product is further selected when sales fall below a pre-defined threshold per unit time.

12. An in-store item counter comprising a visual display, wherein:

said visual display exhibits said advertising of claim 1 for at least one said product and further exhibits a count of how many more purchases within said opt-in group are necessary to receive said discount.

13. A method of processing refunds for a vendor of products, comprising the steps of:

advertising a partial refund for a product purchase if a pre-determined threshold of sales is established for said product, wherein said threshold of sales is exhibited as part of said advertising;

certifying each purchaser that purchases said product as being part of a group of purchasers suitable for receiving said partial refund;

receiving information comprising data indicating that said pre-determined threshold of sales has been met; and

issuing said partial refund to each said purchaser in said group of purchasers.

14. The method of claim 13, wherein said partial refund is to a credit card or debit card.

15. The method of claim 14, wherein said partial refund is exhibited on a statement associated with said credit card or debit card as a loyalty credit.

16. The method of claim 13, wherein said certifying is based, at least in part, on matching identifying data of a purchaser provided by said vendor, with identifying data provided to an entity carrying out said method of processing refunds.

17. The method of claim 16, wherein said identifying data comprises a billing address and credit card number of a said purchaser.

18. The method of claim 13, wherein said purchase is non-refundable if said threshold of sales is not reached and the purchaser is part of said group.

19. The method of claim 13, wherein a single non-vendor entity carries out said step of advertising, certifying, receiving, and issuing on behalf of said vendor.

20. The method of claim 13, wherein after said threshold of sales is reached, additional purchasers join said group and are certified up to a pre-determined upper-limit threshold of purchasers in said group.

21. A system of providing partial refunds after purchase, comprising:

receiving data comprising the number of sales of a product to purchasers indicating a desire to receive a partial refund if the number of sales to said purchasers exceeded a pre-determined amount;

determining if said number of sales to said purchasers is above said pre-determined amount;

issuing said partial refund to said purchasers.