System and method for executing a payment transaction over a computer network
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United States of America Patent
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N/A
Issued Date -
N/A
app pub date -
Mar 12, 2003
filing date -
Jun 25, 2002
priority date (Note) -
Abandoned
status (Latency Note)
Importance
Abstract
A system and method for executing a payment transaction over a computer network are provided. Users of an electronic marketplace are able to place bids on items for sale or to sell items at an offer price. seller the user's bid or offer is accepted, a payment transaction is automatically completed whereby the seller receives payment for the item they are selling and the buyer is charged for the item they are buying. In addition, a marketplace transaction fee is exacted as part of the payment transaction.
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