System and method for purchasing a prepaid debit account
First Claim
1. A method comprising:
- receiving a prepaid debit account for sale from an owner of the prepaid debit account;
determining, via a processor, a face value for the prepaid debit account;
based on the face value, establishing a floor price;
offering the prepaid debit account for sale via an auction, wherein the prepaid debit account is offered for sale at an initial price above the floor price and up to and including the face value, and wherein the initial price is decremented at time intervals to yield a decremented price; and
if no purchaser purchases the prepaid debit account before the decremented price is below a threshold based on the floor price, purchasing the prepaid debit account from the owner for the floor price.
1 Assignment
0 Petitions
Accused Products
Abstract
Disclosed herein are systems, methods, and non-transitory computer-readable storage media for auctioning gift cards on the secondary market. The system can receive a prepaid debit account for resale from an owner and determine a face value for the prepaid debit account. The system can establish a floor price and offer the prepaid debit account for sale via an auction, starting at an initial price above the floor price and up to and including the face value, and can decrement the sale price at regular time intervals. The system can end the auction when a purchaser purchases the prepaid debit account at the decremented price. However, if no purchaser purchases the prepaid debit account before the decremented price is below the floor price, the system can purchase the prepaid debit account from the owner for the floor price. The system can store the prepaid debit account in an inventory for resale.
-
Citations
18 Claims
-
1. A method comprising:
-
receiving a prepaid debit account for sale from an owner of the prepaid debit account; determining, via a processor, a face value for the prepaid debit account; based on the face value, establishing a floor price; offering the prepaid debit account for sale via an auction, wherein the prepaid debit account is offered for sale at an initial price above the floor price and up to and including the face value, and wherein the initial price is decremented at time intervals to yield a decremented price; and if no purchaser purchases the prepaid debit account before the decremented price is below a threshold based on the floor price, purchasing the prepaid debit account from the owner for the floor price. - View Dependent Claims (2, 3, 4, 5, 6)
-
-
7. A system comprising:
-
a processor; and a computer-readable computer medium storing instructions which, when executed by the processor, cause the processor to perform operations comprising; receiving a prepaid debit account for sale from an owner of the prepaid debit account; determining a face value for the prepaid debit account; based on the face value, establishing a floor price; offering the prepaid debit account for sale via an auction, wherein the prepaid debit account is offered for sale at an initial price above the floor price and up to and including the face value, and wherein the initial price is decremented at time intervals to yield a decremented price; and if no purchaser purchases the prepaid debit account before the decremented price is below a threshold based on the floor price, purchasing the prepaid debit account from the owner for the floor price. - View Dependent Claims (8, 9, 10, 11, 12)
-
-
13. A computer-readable computer storage device storing additional instructions which, when executed by processor, cause the processor to perform operations comprising:
-
receiving a prepaid debit account for sale from an owner of the prepaid debit account; determining a face value for the prepaid debit account; based on the face value, establishing a floor price; offering the prepaid debit account for sale via an auction, wherein the prepaid debit account is offered for sale at an initial price above the floor price and up to and including the face value, and wherein the initial price is decremented at time intervals to yield a decremented price; and if no purchaser purchases the prepaid debit account before the decremented price is below a threshold based on the floor price, purchasing the prepaid debit account from the owner for the floor price. - View Dependent Claims (14, 15, 16, 17, 18)
-
Specification