SYSTEM AND METHOD FOR PROVIDING TRANSACTION-BASED PROFIT SOLUTIONS

• US 20100094739A1
• Filed: 10/14/2008
• Published: 04/15/2010
• Est. Priority Date: 10/14/2008
• Status: Abandoned Application

• Current Assignee: MindBody
• Original Assignee: MindBody
• Inventors: ELLIS, PETER, Lizio-Katzen, Daniel
• Application Number:
  US12/250,838
• Publication Number:
  US 20100094739A1
• Time in Patent Office: Days
• US Class Current: 705/35
• CPC Class Codes: G06Q 30/06 Buying, selling or leasing transactions
• CPC Class Codes: G06Q 40/00 Finance; Insurance; Tax strategies; Processing of corporate or income taxes

Abstract

A method and system for generating profit having a partner transaction module configured to charge a partner transaction fee for a transaction performed by a partner, and receive, from a partner, payment for the partner transaction fee when the partner performs a transaction, a base transaction module configured to pay, in the event the partner performs a transaction through a third party, a base transaction fee to the third party, wherein the base transaction fee is equal to or lesser than the partner transaction fee, and a profit module configured to receive a profit on the transaction, wherein the profit is the difference between the partner transaction fee and the base transaction fee.

Claims

1. A method for generating profit, comprising:

charging a partner transaction fee for a transaction performed by a partner;

receiving, from a partner, payment for the partner transaction fee when the partner performs a transaction;

paying, in the event the partner performs a transaction through a third party, a base transaction fee to the third party, wherein the base transaction fee is equal to or lesser than the partner transaction fee; and

receiving a profit on the transaction, wherein the profit is the difference between the partner transaction fee and the base transaction fee.

2. The method of claim 1, wherein the partner transaction fee is based on at least one of a periodic, per-item, and percentage basis.

3. The method of claim 1, wherein the partner transaction fee is determined by the partner'"'"'s business volume.

4. The method of claim 1, wherein the partner transaction fee is determined by multiplying a negotiated fee percentage with at least one of a total paid orders and total uncancelled orders.

5. The method of claim 1, wherein the base transaction fee is based on an interchange fee at one or more credit car merchants.

6. The method of claim 5, wherein the interchange fee is based on at least one of a negotiated fee and a standard fee schedule.

7. The method of claim 1, wherein payment is at least one of direct payment, automatic payment, periodic payment, and batch payment.

8. The method of claim 1, wherein the base transaction fee is based on one or more referral fees.

9. A computer readable media comprising code to perform the acts of the method of claim 1.

10. A system for generating profit, comprising:

a partner transaction module configured to charge a partner transaction fee for a transaction performed by a partner, and receive, from a partner, payment for the partner transaction fee when the partner performs a transaction;

a base transaction module configured to pay, in the event the partner performs a transaction through a third party, a base transaction fee to the third party, wherein the base transaction fee is equal to or lesser than the partner transaction fee; and

a profit module configured to receive a profit on the transaction, wherein the profit is the difference between the partner transaction fee and the base transaction fee.

11. The system of claim 10, wherein the partner transaction fee is based on at least one of a periodic, per-item, and percentage basis.

12. The system of claim 10, wherein the partner transaction fee is determined by the partner'"'"'s business volume.

13. The system of claim 10, wherein the partner transaction fee is determined by multiplying a negotiated fee percentage with at least one of a total paid orders and total uncancelled orders.

14. The system of claim 10, wherein the base transaction fee is based on an interchange fee at one or more credit car merchants.

15. The system of claim 14, wherein the interchange fee is based on at least one of a negotiated fee and a standard fee schedule.

16. The system of claim 10, wherein payment is at least one of direct payment, automatic payment, periodic payment, and batch payment.

17. The system of claim 10, wherein the base transaction fee is based on one or more referral fees.

18. A method for generating profit, comprising:

charging a partner transaction fee for a transaction performed by a partner, wherein the partner transaction fee is based on at least one of a periodic, per-item, and percentage basis and wherein the partner transaction fee is determined by the partner'"'"'s business volume;

receiving, from a partner, payment for the partner transaction fee when the partner performs a transaction;

paying, in the event the partner performs a transaction through a third party, a base transaction fee to the third party, wherein the base transaction fee is equal to or lesser than the partner transaction fee and based on an interchange fee at one or more credit car merchants such that the interchange fee is based on at least one of a negotiated fee and a standard fee schedule; and

receiving a profit on the transaction, wherein the profit is the difference between the partner transaction fee and the base transaction fee.