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Systems and methods for automatic bid solicitation during transaction process

  • US 8,160,938 B2
  • Filed: 05/29/2008
  • Issued: 04/17/2012
  • Est. Priority Date: 05/29/2008
  • Status: Active Grant
First Claim
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1. A method of automatically generating a bid solicitation during a purchase, comprising:

  • receiving, via a transaction server, a selection of at least one product or service from a user for purchase from a vendor at defined purchase terms, wherein the selection is offered for purchase through an electronic commerce website;

    determining a plurality of vendors that have registered with the electronic commerce website to provide a bid action on the selection;

    transmitting a notification of the selection to the plurality of registered vendors;

    receiving before completion of the purchase a set of bid options from the plurality of registered vendors, wherein the set of bid options comprises a plurality of alternative terms to complete the purchase from at least one of the plurality of registered vendors; and

    presenting the set of bid options and the selection to the user before completing the purchase.

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