Method, medium, and apparatus of agreeing to provide a product prior to selecting a vendor to provide the product
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United States of America Patent
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Aug 17, 2010
Grant Date -
Aug 2, 2007
app pub date -
Feb 2, 2006
filing date -
Feb 2, 2006
priority date (Note) -
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status (Latency Note)
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Abstract
According to some embodiments, a transaction entity may determine historical pricing information associated with a plurality of vendors and a plurality of products. The transaction entity may also receive, from a remote customer, purchasing information associated with a requested product. A first price may be automatically calculated based at least in part on the purchasing information and the historical pricing information. Moreover, the transaction entity may agree to provide a selected product to the customer in exchange for payment of an amount based on the first price. It may also be automatically arranged for a remote selling vender to ship a sold product to the customer in exchange for payment of a second price from the transaction entity to the vendor.
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