System and method for providing transaction-based profit solutions

US11651399B2 · kind B2 · utility

Assignee

• MindBody, Inc. · US

Inventors

• Peter Ellis · Indian Wells, US
• Daniel Lizio-Katzen · New York, US

Key dates

• Filing date: Jul 23, 2021
• Grant date: May 16, 2023
• Expiry date: Jul 23, 2041

Classification

• Technology area (CPC G): Physics
• CPC primary: G06Q40/00
• WIPO field: IT methods for management
• WIPO sector: Electrical engineering

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.