SYSTEM AND METHODS FOR DISCOUNT RETAILING

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United States of America Patent

APP PUB NO 20150127435A1
SERIAL NO

14527189

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ATTORNEY / AGENT: (SPONSORED)

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Abstract

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A system and methods to mutually satisfy a consumer with a discount and a vendor with a minimum number of sales by establishing a tipping point associated with an offer for a good or service. If the tipping point is met, the sale of the good or service is executed and the consumer is charged and receives an indication of the discounted sale, such as a certificate. If the tipping point is not met, the discount offer is abandoned and the consumer is not charged. Once the tipping point is established, the vendor receives a payment, even before the consumer uses the certificate. The system and methods also include a reward or loyalty program, an exchange or secondary market for the purchased deals, and a matching algorithm that matches customers to relevant goods or services.

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Patent Owner(s)

Patent OwnerAddress
GROUPON INC600 WEST CHICAGO AVENUE SUITE 620 CHICAGO IL 60654

International Classification(s)

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Inventor(s)

Inventor Name Address # of filed Patents Total Citations
Mason, Andrew Chicago, US 40 1363

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