System and method for effecting auction item payments through a network portal
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United States of America Patent
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Nov 5, 2013
Grant Date -
Jul 3, 2008
app pub date -
Dec 27, 2006
filing date -
Dec 27, 2006
priority date (Note) -
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status (Latency Note)
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Abstract
A merchant/seller portal enables sellers of auction items on Internet auction sites to obtain cash payments from buyers identified only by their buyer pseudonyms. The portal includes an open network interface, a seller database in which data associated with a seller are stored, a buyer manager for verifying auction purchase data received from a merchant terminal, an auction site manager for verifying auction transaction data with an auction site server, and an auction payment manager for communicating data messages with an auction payment server to transfer funds for a verified auction transaction.
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