Method and system for conducting an online transaction that allows the seller and bidder to negotiate

• US 6,704,716 B1
• Filed: 09/08/2000
• Issued: 03/09/2004
• Est. Priority Date: 09/08/2000
• Status: Expired due to Fees

• Current Assignee: BDO USA LLP (BDO LLP)
• Original Assignee: Mindpepper, LLC
• Inventors: Force, Joseph
• Primary Examiner(s): Cosimano, Edward R.
• Application Number:
  US09/657,814
• Time in Patent Office: 1,278 Days
• Field of Search: 705/1, 705/26, 705/27, 705/37, 705/80
• US Class Current: 705/80
• CPC Class Codes: G06Q 30/08 Auctions
• CPC Class Codes: G06Q 40/04 Trading; Exchange, e.g. stocks, commodities, derivatives or currency exchange
• CPC Class Codes: G06Q 50/188 Electronic negotiation

Abstract

A method and system for conducting an online transaction that allows a seller and a bidder to negotiate a final sale price. The system displays information about the item. An offer is received from at least one bidder. The system enables the seller and bidder to negotiate by allowing each party a predetermined number of responses. After the predetermined number of responses is met without a sale, the system enables the seller and a subsequent bidder to negotiate.

Claims

1. A method for conducting an online auction that allows a seller and a bidder to negotiate a transaction, comprising:

displaying information about an item for auction;

receiving multiple offers from one or more bidders;

storing said offers;

presenting one offer at a time to the seller;

enabling the seller and only one bidder to negotiate by allowing the seller and the bidder each a predetermined number of responses; and

enabling the seller and a subsequent bidder to negotiate, after the predetermined number of responses is met without a sale.

2. The method of claim 1, further comprising the step of ending the online transaction, when the seller and a bidder successfully negotiate a selling price for the item.

3. The method of claim 1, further comprising the step of ending the online transaction after a predetermined length of time.

4. The method of claim 1, wherein the item may be for sale, lease, or exchange.

5. The method of claim 1, wherein the information about the item includes at least one of a description, a picture, a video, or a sound file.

6. The method of claim 1, wherein receiving multiple offers from one or more bidders includes receiving a comment from the bidder.

7. The method of claim 1, wherein the offer from at least one bidder is confidential.

8. The method of claim 1, wherein enabling the seller and only one bidder to negotiate by allowing the seller and the bidder each a predetermined number of responses is confidential.

9. The method of claim 1, wherein enabling the seller and only one bidder to negotiate by allowing the seller and the bidder each a predetermined number of responses further comprises the step of preventing the seller from negotiating with more than one buyer at a time.

10. The method of claim 1, wherein presenting one offer at a time to the seller includes sending an e-mail to the seller.

11. The method of claim 1, wherein storing said offers includes storing one or more subsequent offers while the seller is negotiating.

12. The method of claim 1, wherein presenting one offer at a time to the seller includes presenting the offers to the seller in the order in which they were received.

13. The method of claim 1, further comprising the step of displaying information about the seller.

14. The method of claim 13, wherein the information about the seller includes at least one of the seller'"'"'s geographic location, online transaction rating, or selling history.

15. The method of claim 1, wherein displaying information about an item for auction includes displaying information regarding the status of the item.

16. The method of claim 15, wherein the status of the item includes whether there is one or more pending offers.

17. The method of claim 15, wherein the status of the item includes an indication of the number of pending offers.

18. The method of claim 1, wherein the information about the item includes the terms of the transaction.

19. The method of claim 18, wherein the terms of the transaction include the seller'"'"'s asking price.

20. The method of claim 18, wherein the terms of the transaction include the seller'"'"'s shipping terms.

21. The method of claim 18, wherein the terms of the transaction include the seller'"'"'s payment methods.

22. The method of claim 1, further comprising the step of receiving information from the seller.

23. The method of claim 22, wherein receiving information from the seller includes receiving information about the item.

24. The method of claim 23, wherein information about the item includes at least one of a description, a picture, a video, or a sound file.

25. The method of claim 22, wherein receiving information from the seller includes receiving information regarding the terms of the transaction.

26. The method of claim 25, wherein the terms of the transaction includes at least one of a seller'"'"'s asking price, shipping terms, or payment methods.

27. The method of claim 1, wherein enabling the seller and only one bidder to negotiate by allowing the seller and the bidder each a predetermined number of responses further comprises:

enabling the seller to respond to the offer;

enabling the bidder to submit a second offer; and

enabling the seller to respond to the second offer.

28. The method of claim 27, wherein enabling the seller to respond to the offer includes enabling the seller to reject the offer, accept the offer, or make a counter-offer.

29. The method of claim 27, wherein enabling the seller to reject the offer terminates the negotiation.

30. The method of claim 27, wherein the counter-offer includes a comment.

31. The method of claim 27, wherein the step of enabling the seller to respond to the second offer includes enabling the seller to reject or accept the offer.

32. The method of claim 31, wherein enabling the seller to reject the offer terminates the negotiation.

33. The method of claim 27, wherein the step of enabling the bidder to submit a second offer includes enabling the bidder to reject the counter-offer, accept the counter-offer, or make a second offer.

34. The method of claim 33, wherein enabling the bidder to reject the counter-offer terminates the negotiation.

35. The method of claim 33, wherein the second offer includes a comment.

36. A computer-implemented system for implementing an online auction that enables a seller and a user to negotiate the sale of an item, comprising:

a display component for displaying item information that is accessible to a plurality of users;

an input system that receives multiple confidential offers from the plurality of users; and

a negotiation system which provides a one-on-one format for the seller and each user that has made an offer to negotiate, the negotiation system includes a seller'"'"'s interface for informing the seller of the offer and for receiving the seller'"'"'s response, and a user interface for informing the user of the seller'"'"'s response to the offer, whereby the seller and each user that has made an offer negotiate the terms of the item for sale.

37. The computer-implemented system of claim 36, wherein the display component includes a Web site accessible via the Internet.

38. The computer-implemented system of claim 36, wherein the item information includes at least one of a description, a picture, a video, and a sound file.

39. The computer-implemented system of claim 36, wherein the negotiation system enables the seller to negotiate with one user at a time.

40. The computer-implemented system of claim 36, wherein the negotiation system enables the seller to concurrently negotiate with each user that has made an offer.

41. The computer-implemented system of claim 36, wherein each concurrent negotiation is confidential.

42. The computer-implemented system of claim 36, wherein the item includes one or more of a product and a service.

43. A computer-implemented system for implementing an online auction that enables a seller and a user to negotiate the sale of an item, comprising:

a server computer hosting the online auction accessible via client computers;

wherein the server computer provides a user interface for displaying item information and includes input controls for receiving offers from multiple users; and

wherein the server computer provides a seller interface for displaying one offer at a time to the seller in the order in which the offers were received from the users and includes input controls for responding to the offer, whereby the user interface displays the seller'"'"'s response, thereby enabling the seller and user to negotiate the sale price of the item.

44. The computer-implemented system of claim 43, wherein the online auction system is accessible via the Internet.

45. The computer-implemented system of claim 43, wherein the item includes one or more of a product and a service.