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Systems and Methods for Setting Up Sale Transactions for an Online Auction

  • US 20180025418A1
  • Filed: 07/20/2017
  • Published: 01/25/2018
  • Est. Priority Date: 07/20/2016
  • Status: Abandoned Application
First Claim
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1. A method for setting up one or more sale transactions on an auction system, the method comprising:

  • receiving information of a plurality of auction entries from one or more sellers of a plurality of sellers through a user interface of the one or more sellers, wherein the information includes a lot size of an auction entry of the plurality of auction entries;

    selecting at least one auction entry from the plurality of auction entries for one or more buyers of a plurality of buyers being logged into the auction system;

    receiving one or more bids from at least one buyer of the one or more buyers through a user interface of the at least one buyer for the at least one selected auction entry;

    selecting one or more bids among the one or more received bids for the at least one selected auction entry;

    generating one or more sale transactions for the at least one selected auction entry between a corresponding buyer of the plurality of buyers and a corresponding seller of the plurality of sellers; and

    informing the corresponding buyer and the corresponding seller of the at least one selected auction entry of the generated one or more sale transactions.

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