METHOD AND SYSTEM FOR PAYMENT DISTRIBUTION FOR CONSIGNED ITEMS
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United States of America Patent
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N/A
Issued Date -
Mar 5, 2015
app pub date -
Aug 27, 2013
filing date -
Aug 27, 2013
priority date (Note) -
Abandoned
status (Latency Note)
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Abstract
A method for distributing payment for a consigned item includes receiving a notification of a purchase of the consigned item, identifying a consignor of the consigned item purchased, obtaining a sales fee agreement of the consigned item, calculating, using the sales fee agreement by a computer processor, a consignor fee from the purchase using the sales fee agreement, calculating, using the sales fee agreement by the computer processor, a consignee fee from the purchase, crediting a consignor financial account for the purchase with the consignor fee, and crediting a consignee financial account for the purchase with the consignee fee.
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