Purchase-transaction-settled online consumer referral and reward service using real-time specific merchant sales information
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United States of America Patent
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N/A
Issued Date -
Dec 13, 2007
app pub date -
Mar 30, 2007
filing date -
Mar 31, 2006
priority date (Note) -
Abandoned
status (Latency Note)
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Abstract
A purchase-transaction-settled online consumer referral and reward system and method using real-time specific merchant sales information is provided. The system offers merchants a one-stop place for freely publishing of their real-time and specific sales offers and offers a risk-free service to merchants to use, who will be charged only after a referred purchase occurs and a revenue income is made. The system also allows merchants to determine how much they pay to the service provider for each referred purchase transaction, based on their profit margin and market competitiveness and the system serves all merchants, online or offline, big or small, and regardless of buy, sell, and payment settlement technologies in use. The system also offers consumers a one-stop place for finding matching sales offers specifically meeting their needs, refers consumers to merchants to buy at existing merchant establishments and rewards consumers with each purchase transaction led from the service provider.
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