Conducting commerce between individuals
First Claim
1. A method of integrating the shipping of goods with the purchase of the goods on an auction site, the method comprising:
- facilitating a transaction between an individual seller and an individual buyer on a transaction server connected to a network, the transaction server recording a purchase price of the goods, a first account for the buyer and a second account for the seller, wherein the individual buyer and the individual seller participate in an online auction;
receiving an indication of a chosen shipping method by which to ship the goods from the seller to the buyer;
receiving information regarding the goods to be shipped;
calculating a shipping price for the goods based on the chosen shipping method and the received information regarding the goods to be shipped; and
debiting the first account of the buyer and crediting the second account of the seller to complete the purchase transaction, wherein the method further comprisescreating a transaction record for the transaction, the transaction record including a weight of the goods.
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Abstract
Receiving payment includes the establishment, at a first server, a transaction record including information identifying a payment amount, a first account to be credited by the payment amount, and a second account to be debited by a debit amount. A financial authorization network performs an authorization analysis on at least the second account. The second account is debited if the authorization analysis is successfully completed, and the first account is directly credited by the payment amount to conclude the transaction. Risk analysis may be performed for each individual. Payment is integrated with shipping.
112 Citations
17 Claims
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1. A method of integrating the shipping of goods with the purchase of the goods on an auction site, the method comprising:
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facilitating a transaction between an individual seller and an individual buyer on a transaction server connected to a network, the transaction server recording a purchase price of the goods, a first account for the buyer and a second account for the seller, wherein the individual buyer and the individual seller participate in an online auction; receiving an indication of a chosen shipping method by which to ship the goods from the seller to the buyer; receiving information regarding the goods to be shipped; calculating a shipping price for the goods based on the chosen shipping method and the received information regarding the goods to be shipped; and debiting the first account of the buyer and crediting the second account of the seller to complete the purchase transaction, wherein the method further comprises creating a transaction record for the transaction, the transaction record including a weight of the goods. - View Dependent Claims (2, 3, 4, 5, 6, 7, 8, 9)
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10. A transaction server comprising:
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a storage device; and a processor connected to the storage device; the storage device storing a program for causing the processor to implement a method comprising; facilitating a transaction between an individual seller and an individual buyer on a transaction server connected to a network, the transaction server recording a purchase price of the goods, a first account for the buyer and a second account for the seller, wherein the individual buyer and the individual seller participate in an online auction; receiving an indication of a chosen shipping method by which to ship the goods from the seller to the buyer; receiving information regarding the goods to be shipped; calculating a shipping price for the goods based on the chosen shipping method and the received information regarding the goods to be shipped; and debiting the first account of the buyer and crediting the second account of the seller to complete the purchase transaction, wherein the method further comprises creating a transaction record for the transaction, the transaction record including a weight of the goods. - View Dependent Claims (11, 12, 13, 14, 15, 16, 17)
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Specification