Method for trading goods or services over a network

A method to sell a product using an Internet based service entity, wherein the service entity offers a plurality of transactions to execute the sell, the method comprising the steps of:

• accessing said service entity utilizing the Internet;
• selecting a smart-sell transaction available from said service entity;
• receiving a request from said service entity for information related to said smart-sell transaction;
• providing said service entity with said requested information;
• and
• said service entity executing said smart-sell transaction.

A method to purchase a product using an Internet based service entity, wherein the service entity offers a plurality of transactions to execute the purchase, the method comprising the steps of:

• accessing said service entity utilizing the Internet;
• selecting a smart-buy transaction available from said service entity;
• receiving a request from said service entity for information related to said smart-buy transaction;
• providing said service entity with said requested information;
• and
• said service entity executing said smart-buy transaction.

A system for exchanging a first product for a second product over a global network, the system comprising:

• a trading entity;
• a service entity;
• a database communicatively coupled to said service entity;
• the trading entity being operative to:
• send a tradeup request to said service entity;
• in response to receiving a request for a first product information and a second product information for said service entity, the first product information representing a product to be traded and the second product information representing a product to be acquired, providing said first product information and said second product information;
• in response to receiving an Instant Quote from said service entity, confirming the execution of said tradeup;
• the service entity being operative to:
• in response to receiving said trade request, provide said first product information request and said second product information request to said trading entity;
• in response to receiving said first product information and said second product information, accessing said database to identify pricing information for said first product and said second product, said pricing information being used to generate said Instant Quote and providing said Instant Quote to said trading entity;
• and
• in response to receiving a confirmation of the tradeup from said trading entity, executing the tradeup.

A service system, wherein said service system is a computer system for exchanging a first product for a second product over a global network, the computer system comprising:

• an input for receiving information from a trading entity, wherein said information is related to a first product, a second product, and a tradeup request, the first product information representing a product to be traded and the second product information representing a product to be acquired;
• a central processing unit for processing said first product information, said second product information, and said tradeup request, wherein said processing comprises:
• comparing a database for information that correlates to said first product information and said second product information;
• if said comparison identifies a correlation to said product information, utilizing said product information located in a product database in providing an Instant Quote price for said product;
• if a correlation is not identified, utilizing said product information available at said remote product web site to provide said Instant Quote price for said product;
• executing said tradeup request;
• and
• an output for providing results of said processing to said trading entity.