Method of Buying and Selling Goods and/or Services
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United States of America Patent
Stats
-
N/A
Issued Date -
May 14, 2009
app pub date -
Aug 28, 2007
filing date -
Aug 28, 2007
priority date (Note) -
Abandoned
status (Latency Note)
Importance
Abstract
A method of buying and selling goods. A system administrator maintains an inventory of goods offered by participating merchants. A purchaser selects an item from the inventory and places an order for the selected item with an agent. The agent reports the order to the administrator and a unique transaction number is allocated to the order. The purchaser makes a payment for the item to the agent and the administrator debits a sum for the item from the agent. The administrator passes the order and transaction number to a merchant who makes the item available to a recipient, against the transaction number. The administrator credits the merchant with a sum for the item when it has been acquired by the recipient.
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