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System and method for threshold billing for returned goods

  • US 8,645,232 B1
  • Filed: 12/31/2009
  • Issued: 02/04/2014
  • Est. Priority Date: 12/31/2009
  • Status: Active Grant
First Claim
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1. A computer implemented method for billing a product vendor for returned items, comprising:

  • establishing and storing in a computer memory a plurality of billing threshold rules, each of the plurality of billing threshold rules being associated with at least one of a plurality of returned items and being comprised of a billing threshold amount;

    identifying a returned item via a computer processor and storing in the memory an identity of the returned item;

    determining via the computer processor a billing threshold rule associated with the returned item;

    assigning via the processor the returned item to a container based on the billing threshold rule associated with the returned item;

    storing in the memory an indication of the container to which the returned item has been assigned;

    determining via the processor when the billing threshold amount for the returned item has been reached;

    when the billing threshold amount for the returned item has been reached, determining via the processor a status of the container to which the returned item has been assigned;

    after the billing threshold amount for the returned item has been reached, generating and transmitting to a reclamation facility via the processor a notification to physically close the container; and

    generating via the processor an invoice to the product vendor for the returned items for which the billing threshold amount has been reached.

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