On-line price negotiation system
US8417582B1 · kind B1 · utility
Assignee
Inventors
Key dates
| Filing date | Jun 25, 2012 |
| Grant date | Apr 9, 2013 |
| Priority date | — |
| Expiry date | Jun 25, 2032 |
Classification
- Technology area (CPC G)Physics
- CPC primaryG06Q30/08
- WIPO fieldIT methods for management
- WIPO sectorElectrical engineering
Abstract
An on-line price negotiation method includes submitting a bid from a buyer (buyer's bid) for a selected item/service offered for sale on a website via the internet to an on-line computing device that controls operations at the website. The computing device automatically responds to the buyer's bid, including creating an exclusive interaction for a maximum period of time between the buyer and website for the buyer to negotiate a price for the item/service, setting a minimum accept price for the item/service; and comparing the buyer's bid to the minimum accept price. Based on the comparing, the buyer is notified of accepting the buyer's bid (deal) or not accepting the buyer's bid (no-deal). A deal allows the buyer an option to purchase the item/service, or to update the buyer's bid and repeat submitting with an updated bid. no deal allows the buyer an option to update the buyer's bid and repeat submitting an updated bid.
Source: USPTO / EPO open patent data. Objective bibliographic and citation counts.