Online transaction method and system using a payment platform and a logistics company
First Claim
1. An online transaction method for conducting a merchandise transaction between a merchant and a user, the method comprising:
- under control of one or more computing systems comprising memory and one or more processors,allowing the user to purchase a product of the merchant through an intermediary transaction platform;
receiving from the user a transaction request including at least a mode of payment selected by the user;
sending a request for pickup service to a logistics company;
receiving a first transaction status indicating that the merchant has shipped the product;
tracking occasions indicating unsuccessful pick-up of goods received from the logistics company;
applying a punitive measure on the merchant according to a pre-determined rule if an accumulative number of the occasions is greater than a threshold;
receiving a second transaction status indicating that the user has confirmed receiving the product;
conducting a first fund settlement between a payment platform and the logistics company, the first fund settlement including receiving funds from the logistics company into the payment platform; and
conducting a second fund settlement between the payment platform and the merchant, the second fund settlement including transferring funds from the payment platform to the merchant.
2 Assignments
0 Petitions
Accused Products
Abstract
The disclosed online transaction method and system uses payment platform acting as an intermediary agent between the merchant and the shipping company to handle the payment. While the payment platform receives payment from the shipping company, the merchant receives payment from the payment platform. The method and system do not require buyers to use the payment method provided by an intermediary transaction platform to make a payment. Instead, the buyer may pay directly to the shipping company. Unlike conventional transaction method based on COD, however, the disclosed online transaction method and system centrally manage a logistics platform or multiple logistics operations run by logistics companies. The merchant does not receive the payment from the logistics company, but rather receive the payment from a centralized payment platform to ensure secure and fast payment.
-
Citations
17 Claims
-
1. An online transaction method for conducting a merchandise transaction between a merchant and a user, the method comprising:
under control of one or more computing systems comprising memory and one or more processors, allowing the user to purchase a product of the merchant through an intermediary transaction platform; receiving from the user a transaction request including at least a mode of payment selected by the user; sending a request for pickup service to a logistics company; receiving a first transaction status indicating that the merchant has shipped the product; tracking occasions indicating unsuccessful pick-up of goods received from the logistics company; applying a punitive measure on the merchant according to a pre-determined rule if an accumulative number of the occasions is greater than a threshold; receiving a second transaction status indicating that the user has confirmed receiving the product; conducting a first fund settlement between a payment platform and the logistics company, the first fund settlement including receiving funds from the logistics company into the payment platform; and conducting a second fund settlement between the payment platform and the merchant, the second fund settlement including transferring funds from the payment platform to the merchant. - View Dependent Claims (2, 3, 4, 5, 6, 7, 8, 9, 10)
-
11. Non-transitory memory encoded with instructions that, when executed by a processor of a computing device, perform acts comprising:
-
receiving a transaction request for an item from a device associated with a user, the transaction request including a mode of payment selected by the user; transmitting a delivery request to a device associated with a logistics company based on the transaction request; receiving a first transaction status indicating that the item is shipped; determining that the item is not successfully picked up; generating or updating a failure record for a merchant associated with the item; determining that a number of failure occasions indicated by the failure record is greater than a predetermined number; taking a punitive measure against the merchant based on a predetermine rule; receiving a second transaction status indicating that the user receives the item; and conducting a first fund settlement between a payment platform and the logistics company, the first fund settlement including receiving funds from the logistics company into the payment platform. - View Dependent Claims (12, 13, 14)
-
-
15. A system for online transactions, the system comprising:
-
one or more processors; and memory to maintain a plurality of components executable by the one or more processors, the plurality of components comprising; a user processing unit configured to receive a transaction request for an item from a device associated with a user, a logistics processing unit configured to; transmit a delivery request to a device associated with a logistics company based on the transaction request, determine that the item is shipped, and determine that the user receives the item, and a transaction processing unit configured to; conduct a first fund settlement between a payment platform and the logistics company, the first fund settlement including receiving funds from the logistics company into the payment platform, conduct a second fund settlement between the payment platform and a merchant that ships the item, the second fund settlement including transferring funds from the payment platform to the merchant, wherein the merchant is applied a punitive measure based on a predetermined rule if an accumulative number of occasions indicating unsuccessful pick-up of goods received from the logistics company is greater than a predetermined threshold. - View Dependent Claims (16, 17)
-
Specification