US 12,749,108 B2Granted

Determining pricing information from merchant data

AssigneeBlock, Inc.

InventorsAbhay Kumar, Mason Ng, Rong Yan, Gian Perrone, Mai Leduc

Life of this patent

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Abstract

A service provider may receive item price information and/or point of sale (POS) transaction information from a plurality of merchant devices associated with a plurality of merchants. The service provider may categorize the plurality of merchants according to the types of items offered by the respective merchants, and may further categorize the merchants according to the locations at which they conduct business. The service provider may subsequently determine a price recommendation or other pricing information for a particular item offered by a particular merchant. A merchant device of the particular merchant may present the pricing information in a user interface that enables the merchant to view projected sales at various different price points. Further, the merchant may be able to specify one or more factors used for determining the recommend price, such as a desired business model, a desired clientele, a desired profit margin, or the like.

Claims20

Dependent claims

A method comprising:

receiving, by a merchant device of a merchant and from one or more servers of a payment processing service (PPS), pricing information for an item;
causing presentation, via a first user interface of a display associated with the merchant device, of information associated with the item;
receiving, via the first user interface, first input indicating a request for a pricing recommendation for the item;
based at least in part on the pricing information, determining first estimated sales of the item in a period at a first price;
causing presentation of a second user interface overlaid onto the first user interface, wherein the second user interface is temporarily available for a predetermined amount of time and displays one or more interactive graphic elements, the one or more interactive graphic elements indicating at least the first price of the item and the first estimated sales;
receiving, via the second user interface, second input to at least one of the one or more interactive graphic elements, wherein the second input changes one or more parameters associated with the item to updated parameters, and wherein the one or more parameters comprise buyer characteristics including demographics or shopping habits;
responsive at least in part to receiving the second input and based at least in part on the pricing information, determining second estimated sales of the item in the period at a second price;
causing presentation, via the second user interface of the one or more interactive graphic elements, the one or more interactive graphic elements indicating at least the second price and the second estimated sales;
receiving, via the second user interface, third input to at least one of the one or more interactive graphic elements indicating a selection of the first price or the second price;
reconfiguring the first user interface to cause a price associated with the item to update;
sending, by the merchant device and to the one or more servers of the PPS, an indication of the selection of the first price or the second price;
in response to the indication, updating pricing information associated with the item by the one or more servers of the PPS;
and
automatically closing the second user interface after an elapse of the predetermined amount of time.

11 more elements

A system comprising:

one or more processors;
and
one or more non-transitory computer-readable media storing instructions, that when executed by the one or more processors, cause the one or more processors to perform operations comprising:
receiving, by a merchant device of a merchant and from one or more servers of a payment processing service (PPS), information for an item;
causing presentation, via a first user interface of a display associated with the merchant device, of the information associated with the item;
receiving, via the first user interface, first input indicating a request for a pricing recommendation for the item;
based at least in part on the information, determining first estimated sales of the item at a first price;
causing presentation of a second user interface overlaid onto the first user interface, wherein the second user interface is temporarily available for a predetermined amount of time and displays one or more interactive graphic elements, the one or more interactive graphic elements indicating at least the first price of the item and the first estimated sales;
receiving, via the second user interface, second input to at least one of the one or more interactive graphic elements, wherein the second input changes one or more parameters associated with the item to updated parameters, and wherein the one or more parameters comprise buyer characteristics including demographics or shopping habits;
responsive at least in part to receiving the second input and based at least in part on the information, determining second estimated sales of the item at a second price;
causing presentation, via the second user interface, of the one or more interactive graphic elements, the one or more interactive graphic elements indicating at least the second price and the second estimated sales;
receiving, via the second user interface, third input to at least one or the one or more interactive graphic elements indicating a selection of the first price or the second price;
reconfiguring the first user interface to cause a price associated with the item to update;
sending, by the merchant device and to the one or more servers of the PPS, an indication of the selection of the first price or the second price;
in response to the indication, updating pricing information associated with the item by the one or more servers of the PPS;
and
automatically closing the second user interface after an elapse of the predetermined amount of time.

14 more elements

One or more non-transitory computer-readable media maintaining instructions that, when executed by one or more processors, program the one or more processors to perform operations including:

receiving, by a merchant device of a merchant and from one or more servers of a payment processing service (PPS), information for an item;
causing presentation, via a first user interface of a display associated with the merchant device, of the information associated with the item;
receiving, via the first user interface, first input indicating a request for a pricing recommendation for the item;
based at least in part on the information, determining first estimated sales of the item at a first price;
causing presentation of a second user interface overlaid onto the first user interface, wherein the second user interface is temporarily available for a predetermined amount of time and displays one or more interactive graphic elements, the one or more interactive graphic elements indicating at least the first price of the item and the first estimated sales;
receiving, via the second user interface, second input to at least one of the one or more interactive graphic elements, wherein the second input changes one or more parameters associated with the item to updated parameters, and wherein the one or more parameters comprise buyer characteristics including demographic s or shopping habits;
responsive at least in part to receiving the second input and based at least in part on the information, determining second estimated sales of the item at a second price;
causing presentation, via the second user interface, of the one or more interactive graphic elements, the one or more interactive graphic elements indicating at least the second price and the second estimated sales;
receiving, via the second user interface, third input to at least one or the one or more interactive graphic elements indicating a selection of the first price or the second price;
reconfiguring the first user interface to cause a price associated with the item to update;
sending, by the merchant device and to the one or more servers of the PPS, an indication of the selection of the first price or the second price;
in response to the indication, updating pricing information associated with the item by the one or more servers of the PPS;
and
automatically closing the second user interface after an elapse of the predetermined amount of time.

11 more elements

Dependencies are inferred from the claim text.

Facts

Application: 18/611,611Filed 20 Mar 2024 · continuation
Priority: 24 Mar 2014
Published: US 2024/0232984 A111 Jul 2024
Granted: 29 Sep 2026
Term ends: Not estimatedThe source records don’t support an estimate.

Classification9 codes

G06Q 30/0631
Electronic shopping [e-shopping]: recommending goods or services
G06Q 20/20
Payment architectures: point-of-sale [POS] network systems
G06Q 30/0205
Market segmentation: based on location or geographical consideration
G06Q 30/0206
Market modelling; Market analysis; Collecting market data: price or cost determination based on market factors

Family

Application61/969,720Us provisional application · filed 24 Mar 2014
Application14/289,467Parent of this continuation · filed 28 May 2014
Application16/431,671Parent of this continuation · filed 4 Jun 2019
US 10,339,548 B1Parent of this continuation · filed 2 Jul 2019
Application17/559,779Parent of this continuation · filed 22 Dec 2021
US 11,210,725 B2Parent of this continuation · filed 28 Dec 2021
US 2024/0232984 A1Pre-grant publication · published 11 Jul 2024
US 11,966,961 B2Parent of this continuation
US 2019/0287125 A1Published application
US 2022/0222731 A1Published application
US 12,749,108 B2This patent

From the US filing history. Foreign family members aren’t listed.