Method and system for transacting a purchase using a credit card from the seller
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United States of America Patent
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Jun 15, 2010
Issued Date -
N/A
app pub date -
Oct 10, 2006
filing date -
Oct 18, 1999
priority date (Note) -
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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.
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