Fees and foreign currency exchange calculation

US8831986B2 · kind B2 · utility

Assignee

• eBay Inc. · US

Inventors

• Vinit Agarwal · Sunnyvale, US
• Steven Black · Tecate Mission Road, US
• Ravi Devesetti · Fremont, US
• Tyler C. Grant · East Palo Alto, US
• Nicholas K. Peddy · Mountain View, US
• Kristian Widjaja · Union City, US

Key dates

• Filing date: Jun 30, 2010
• Grant date: Sep 9, 2014
• Expiry date: Mar 22, 2032

Classification

• Technology area (CPC G): Physics
• CPC primary: G06Q40/06
• WIPO field: IT methods for management
• WIPO sector: Electrical engineering

Abstract

Various methods, apparatus, and systems are disclosed for calculating a fee linked to an online financial transaction. In one embodiment, a method includes receiving a fee calculation request linked to an online financial transaction associated with a fee type, a country code, and a client identifier; and then selecting, using a microprocessor, an initial base fee from either a default base fee determined by the fee type and the country code or from an overriding base fee associated with the financial transaction, wherein the initial base fee includes a transaction percentage and a fixed amount. The method further includes applying, using the microprocessor, at least one adjustment to the initial base fee to calculate a final fee, the at least one adjustment being applied when an associated condition set is determined to be true.