Method and system for transacting a purchase using a credit card from the seller

US7739191B2 · kind B2 · utility

Inventors

• David Sutton · Monroe, US
• Douglas Blasiman · Bowling Green, US

Key dates

• Filing date: Oct 10, 2006
• Grant date: Jun 15, 2010
• Expiry date: Apr 4, 2028

Classification

• Technology area (CPC G): Physics
• CPC primary: G06Q40/04
• WIPO field: IT methods for management
• WIPO sector: Electrical engineering

Abstract

A method is provided for transacting a purchase between a buyer and a seller over the Internet. The method comprises the steps of: (a) offering an item for sale through the use of a purchase transaction manager, where the purchase transaction manager resides on a computing device interconnected to the Internet; (b) providing credit account information from the seller of the item to the purchase transaction manager; (c) receiving at least one acceptable bid on the item from a potential buyer, where each acceptable bid includes credit account information for the potential buyer; (d) determining a winning bid on the item, thereby identifying a buyer for the item; and (e) transacting a purchase between the buyer and the seller using the credit account information from the buyer and the seller.