Dynamic pricing system and method for electronic stores
Number of patents in Portfolio can not be more than 2000
United States of America Patent
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Aug 29, 2006
Grant Date -
N/A
app pub date -
Oct 2, 2000
filing date -
Oct 2, 2000
priority date (Note) -
Expired
status (Latency Note)
Importance
Abstract
A system and method for conducting electronic commerce, includes electronically visiting, by a customer interested in shopping for an item, a comparison shopping site ('CompShop'), and inquiring about the item and comparative prices thereof, running, by the 'CompShop', a query on all a plurality of electronic stores it is aware of asking for a price of the item, and selectively determining, by at least one of the electronic stores, an offer price of the item and selectively returning one of a static price and a modified price. The modified price results from the at least one of the electronic stores learning the best (e.g., lowest or highest depending upon the embodiment) offer price received by the CompShop from all of the electronic stores.
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