Retail system for selling products based on a flexible product description

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United States of America Patent

PATENT NO 8150735
SERIAL NO

11746714

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Abstract

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According to one described embodiment, a method is provided in which transaction information is determined. The transaction information is associated with (i) a buyer who has arranged to purchase a product from a central controller at a first price established between the buyer and the central controller and (ii) a merchant that offers the product for sale at a second price, different from the first price, without offering the product for sale to buyers at the first price. Information is transmitted that facilitates the acquisition of the product by the buyer, in exchange for payment provided by the buyer to the central controller. An amount based on the second price is provided to the merchant.

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Patent Owner(s)

Patent OwnerAddress
BYTEDANCE INC12655 WEST JEFFERSON BOULEVARD SIXTH FLOOR SUITE NO 137 LOS ANGELES CA 90066

International Classification(s)

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Inventor(s)

Inventor Name Address # of filed Patents Total Citations
Bemer, Keith New York, US 66 3044
Golden, Andrew P New York, US 99 3750
Jorasch, James A Stamford, US 1157 99708
Kim, Peter Stamford, US 144 4166
Mik, Magdalena Greenwich, US 146 14485
Mueller, Raymod J Weston, US 7 341
Sammon, Russell Pratt Stamford, US 67 2375
Tedesco, Daniel E Westport, US 537 30814
Van, Luchene Kathleen Norwalk, US 15 298
Walker, Jay S Ridgefield, US 1531 124413

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