Identifier-based charge on delivery transaction
First Claim
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1. A system comprising:
- a memory storing information about user accounts, wherein the information comprises at least one identifier associated with at least one transaction between a buyer and a seller; and
one or more processors configured forreceiving purchase data for the transaction from a marketplace;
generating an identifier associated with the transaction and providing a first partial identifier to a buyer and a second partial identifier to a seller, wherein the identifier associated with the transaction comprises the first and second partial identifiers;
determining the buyer has committed funds for the transaction, wherein the funds are held pending resolution of the transaction;
receiving the first partial identifier from the buyer;
receiving the second partial identifier from the seller;
comparing the received first partial identifier and the received second partial identifier with the generated identifier associated with the transaction; and
releasing funds held from an account of the buyer to an account of the seller when the comparing results in a positive match between the generated identifier associated with the transaction and the received first and second partial identifiers.
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Abstract
Guaranteed funds from a buyer are held until a delivery to the buyer is confirmed by a payment provider. The funds are then released to the seller immediately upon confirmation. Confirmation may be accomplished by the buyer entering an identifier upon delivery or some other confirmation by the shipper, where the identifier was provided to the buyer during the transaction with the seller. In other embodiments, the identifier generated by the payment provider is provided partially to the buyer and partially to the seller. Upon receiving a match of the identifier from the buyer and seller on delivery, buyer funds are released to the seller.
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Citations
21 Claims
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1. A system comprising:
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a memory storing information about user accounts, wherein the information comprises at least one identifier associated with at least one transaction between a buyer and a seller; and one or more processors configured for receiving purchase data for the transaction from a marketplace; generating an identifier associated with the transaction and providing a first partial identifier to a buyer and a second partial identifier to a seller, wherein the identifier associated with the transaction comprises the first and second partial identifiers; determining the buyer has committed funds for the transaction, wherein the funds are held pending resolution of the transaction; receiving the first partial identifier from the buyer; receiving the second partial identifier from the seller; comparing the received first partial identifier and the received second partial identifier with the generated identifier associated with the transaction; and releasing funds held from an account of the buyer to an account of the seller when the comparing results in a positive match between the generated identifier associated with the transaction and the received first and second partial identifiers. - View Dependent Claims (2, 3, 4, 5, 6, 7)
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8. A non-transitory computer-readable medium containing instructions that cause a purchase provider facilitating purchase transactions over a network to perform a method comprising:
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receiving purchase data for the purchase transaction from a marketplace; generating an identifier associated with the purchase transaction and providing a first partial identifier to a buyer and a second partial identifier to a seller, wherein the identifier associated with the purchase transaction comprises the first and second partial identifiers; determining the buyer has committed funds for the transaction, wherein the funds are held pending resolution of the transaction; receiving the first partial identifier from the buyer; receiving the second partial identifier from the seller; comparing the received first partial identifier and the received second partial identifier with the generated identifier associated with the transaction; and releasing funds held from an account of the buyer to an account of the seller when the comparing results in a positive match between the generated identifier associated with the purchase transaction and the received first and second partial identifiers. - View Dependent Claims (9, 10, 11, 12, 13)
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14. A method comprising:
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receiving, at the payment provider, purchase data for the transaction from a marketplace; generating, by a processor of the payment provider, an identifier associated with the transaction and providing a first partial identifier to a buyer and a second partial identifier to a seller, wherein the identifier associated with the transaction comprises the first and second partial identifiers; determining the buyer has committed funds for the transaction, wherein the funds are held pending resolution of the transaction; receiving the first partial identifier from the buyer; receiving the second partial identifier from the seller; comparing the received first partial identifier and the received second partial identifier with the generated identifier associated with the transaction; and releasing funds held from an account of the buyer to an account of the seller when the comparing results in a positive match between the generated identifier associated with the transaction and the received first and second partial identifiers. - View Dependent Claims (15, 16, 17, 18, 19, 20, 21)
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Specification