System and method for submitting an offer to purchase over a network-based commerce facility
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United States of America Patent
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May 22, 2007
Grant Date -
Jul 8, 2004
app pub date -
May 22, 2003
filing date -
Jan 7, 2003
priority date (Note) -
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status (Latency Note)
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Abstract
A system and method to facilitate a transaction in a network-based commerce facility is provided. The method includes presenting a plurality of listings to a user, and monitoring selection of one of the plurality of listings by the user. Thereafter, the user is provided with an indication of an equivalent periodic payment of a plurality of periodic payments associated with an offer to purchase. In one embodiment, the user is provided with an option to conclude the transaction for the selected listing based on a plurality of periodic payments. In certain embodiments, the network-based commerce facility is a web-based auction facility where the offers are in the form of bids. Accordingly, in this embodiment, the periodic payment may be a monthly payment and the products are movable goods such as motor vehicle, motorcycles, watercraft, or the like.
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