Product exchange system including product condition based pricing in electronic marketplace and related methods
US11816690B1 · kind B1 · utility
Assignee
Inventors
Key dates
| Filing date | Feb 3, 2022 |
| Grant date | Nov 14, 2023 |
| Priority date | — |
| Expiry date | Feb 3, 2042 |
Classification
- Technology area (CPC G)Physics
- CPC primaryG06Q30/0239
- WIPO fieldIT methods for management
- WIPO sectorElectrical engineering
Abstract
A product exchange system may include a first purchaser device associated with a first purchaser, and a second purchaser device associated with a second purchaser having a shipping address. The system may also include a product exchange server configured to obtain image data of a purchased product for return from the first purchaser device, and determine, using a machine learning algorithm, a product condition of the purchased product for return based upon the obtained image data. The server may also determine, using the machine learning algorithm, a resale price of the purchased product for return based upon the determined product condition, and operate an electronic marketplace for resale of the purchased product for return at the resale price. The server may also communicate the shipping address to the first purchaser device based upon a purchase of the purchased product for return by the second purchaser in the electronic marketplace.
Source: USPTO / EPO open patent data. Objective bibliographic and citation counts.