Method and apparatus for providing a benefit during a transaction for use during a later transaction

• US 7,376,580 B1
• Filed: 06/13/2000
• Issued: 05/20/2008
• Est. Priority Date: 06/13/2000
• Status: Expired due to Term

• Current Assignee: PayPal, Inc. (PayPal Holdings, Inc.)
• Original Assignee: Walker Digital LLC (Walker Innovation Inc. (f/k/a Patent Properties, Inc.))
• Inventors: Mik, Magdalena, Walker, Jay S., Wolinsky, Scott, Bemer, Keith, Golden, Andrew P., Lasater, Miles, Gelman, Geoffrey M., Kobayashi, Michiko, Sammon, Russell P., Palmer, Timothy A.
• Primary Examiner(s): Borissov, Igor N
• Application Number:
  US09/592,618
• Time in Patent Office: 2,898 Days
• Field of Search: 705/1, 705/500, 705/14, 705/26, 705/27, 705/34, 705/35, 705/37, 705/39, 705/16
• US Class Current: 705/14.36
• CPC Class Codes: G06Q 10/0637 Strategic management or analysis, e.g. setting a goal or target of an organisation; Planning actions based on goals; Analysis or evaluation of effectiveness of goals
• CPC Class Codes: G06Q 20/20 Point-of-sale [POS] network systems
• CPC Class Codes: G06Q 30/02 Marketing; Price estimation or determination; Fundraising
• CPC Class Codes: G06Q 30/0222 During e-commerce, i.e. online transactions
• CPC Class Codes: G06Q 30/0236 Incentive or reward received by requiring registration or ID from user
• CPC Class Codes: G06Q 30/0247 Calculate past, present or future revenues

Abstract

A method and apparatus for allowing a customer to purchase or otherwise receive a benefit during a first transaction that will be redeemed by the customer or provided to the customer at a later time or during a future transaction for the purchase, rental, lease, etc. of one or more products and/or services. The price to the customer for the benefit may be a monetary amount, a non-monetary amount, a commitment by the customer to complete or perform some obligation or qualifying action. The value of the benefit to the customer may be based on one or more aspects or characteristics of the first transaction.

Claims

1. A method for conducting a transaction, comprising:

determining at least one product being purchased by a customer during a first transaction;

determining a first transaction price for said at least one product being purchased during said first transaction;

offering said customer an opportunity to purchase said at least one product during a second transaction for a second transaction price that is equivalent to said first transaction price;

receiving an acceptance of said offer from said customer;

receiving, from said customer, a payment for the opportunity, wherein the payment comprises a price that is different than the first or second transaction prices; and

allowing said customer to purchase said product during said second transaction for said second transaction price.

2. The method of claim 1, further comprising:

providing said customer a benefit identifier associated with said at least one product.

3. The method of claim 2, further comprising:

receiving said benefit identifier during said second transaction.

4. The method of claim 3, further comprising:

determining a benefit based on said benefit identifier.

5. A method for conducting a transaction, comprising:

determining at least one product being purchased by a customer during a first transaction;

determining a first transaction price for said at least one product being purchased during said first transaction;

providing said customer a benefit during said first transaction, wherein said benefit allows said customer to purchase said at least one product during a second transaction for a second transaction price that is equivalent to said first transaction price;

charging said customer for a cost of the benefit, wherein the charging is for an amount that is different than the first or second transaction prices; and

allowing said customer to purchase said product during said second transaction for said second transaction price.

6. A method for conducting a transaction, comprising:

determining at least one product being purchased by a customer during a first transaction;

determining a first price for said at least one product being purchased during said first transaction;

providing said customer a benefit for a second price during said first transaction, wherein said benefit allows said customer to purchase said at least one product during a second transaction for an amount equivalent to said first price;

charging the second price for the benefit to the customer, wherein the second price is different than the first price; and

allowing said customer to purchase said product during said second transaction for said amount equivalent to said first price.

7. A method, comprising:

determining a first price for which a first unit of a product is being purchased as part of a first transaction at a point of sale terminal;

determining a benefit, in which the benefit comprises a guarantee that no more than the first price for a second unit of the product will be charged if the second unit of the product is purchased as part of a second transaction;

outputting, at the point of sale terminal, an offer to sell the benefit for a second price, wherein the second price is different than the first price; and

charging a customer that is purchasing the first unit of the product for the second price if the customer accepts the offer.

8. The method of claim 7, further comprising:

outputting, to the customer, a document that entitles the customer to be charged the first price for a second unit of the product.

9. The method of claim 8, further comprising:

receiving the document from the customer during a second transaction.

10. The method of claim 9, further comprising:

determining a current shelf price for the second unit of the product; and

charging the customer, for the second unit of the product, the lesser of the current shelf price and the first price.

11. A method, comprising:

determining a purchase total for a first transaction being conducted at a point of sale terminal, the transaction including a plurality of products;

determining a benefit, in which the benefit comprises a guarantee that an amount that is not greater than the purchase total will be charged for the plurality of products during a second transaction;

outputting, at the point of sale terminal, an offer to sell the benefit for a price, wherein the price is different than the purchase total; and

charging the price to a customer participating in the first transaction if the customer accepts the offer.

12. A method comprising:

determining a purchase total for a first transaction being conducted at a point of sale terminal;

determining an amount of savings received by a customer participating in the first transaction;

determining a benefit, in which the benefit comprises a guarantee that no less than the savings will be received by the customer during a second transaction;

outputting, at the point of sale terminal, an offer to sell the benefit for a price, wherein the price is different than the purchase total; and

charging the price to the customer if the customer accepts the offer.

13. The method of claim 12, wherein the guarantee comprises a guarantee that no less than the savings will be received by the customer during a second transaction if the customer purchases the same products in the second transaction as are included in the first transaction.

14. An apparatus, comprising:

a processor; and

a storage device in communication with said processor and storing instructions, wherein said processor is adapted to execute said instructions to;

determine at least one product being purchased by a customer during a first transaction;

determine a first transaction price for said at least one product being purchased during said first transaction;

offer said customer an opportunity to purchase said at least one product during a second transaction for a

receive an acceptance of said offer from said customer;

receive, from said customer second transaction price that is equivalent to said first transaction price;

a payment for the opportunity, wherein the payment comprises a price that is different than the first or second transaction prices; and

allow said customer to purchase said product during said second transaction for said second transaction price.

15. A computer-readable medium storing instructions adapted to be executed by a processor, which when executed by said processor cause said processor to implement a method, comprising:

determining at least one product being purchased by a customer during a first transaction;

determining a first transaction price for said at least one product being purchased during said first transaction;

offering said customer an opportunity to purchase said at least one product during a second transaction for a second transaction price that is equivalent to said first transaction price;

receiving an acceptance of said offer from said customer;

receiving, from said customer, a payment for the opportunity, wherein the payment comprises a price that is different than the first or second transaction prices; and

allowing said customer to purchase said product during said second transaction for said second transaction price.

16. An apparatus, comprising:

a processor; and

a storage device in communication with said processor and storing instructions, wherein said processor is adapted to execute said instructions to;

determine at least one product being purchased by a customer during a first transaction;

determine a first transaction price for said at least one product being purchased during said first transaction;

provide said customer a benefit during said first transaction, wherein said benefit allows said customer to purchase said at least one product during a second transaction for a second transaction price that is equivalent to said first transaction price;

charge said customer for a cost of the benefit, wherein the charging is for an amount that is different than the first or second transaction prices; and

allow said customer to purchase said product during said second transaction for said second transaction price.

17. A computer-readable medium storing instructions adapted to be executed by a processor, which when executed by said processor cause said processor to implement a method, comprising:

determining at least one product being purchased by a customer during a first transaction;

determining a first transaction price for said at least one product being purchased during said first transaction;

providing said customer a benefit during said first transaction, wherein said benefit allows said customer to purchase said at least one product during a second transaction for a second transaction price that is equivalent to said first transaction price;

charging said customer for a cost of the benefit, wherein the charging is for an amount that is different than the first or second transaction prices; and

allowing said customer to purchase said product during said second transaction for said second transaction price.

18. A method, comprising:

determining a product being purchased by a customer during a first transaction;

determining a product price associated with the customer'"'"'s purchase of the product during the first transaction;

providing a benefit to the customer during the first transaction, wherein the benefit allows the customer to purchase the product during a second transaction for a second price that is equivalent to the first price;

charging the customer for the benefit, wherein the charging is for an amount that is different than the first or second prices;

determining, during the second transaction and on behalf of the customer, that a current price of the product is less then or equal to the second price; and

providing an indication, based on the determining that the current price of the product is less then or equal to the second price, that the benefit should be saved for a future transaction.