System and method for online auction
AssigneeYasfA, Inc.
InventorPhuoc-Chau Nguyen
Life of this patent
Estimating the term…
Abstract
A method for on-line commercial transactions (i.e., “electronic commerce” or “e-commerce”) creates a community in which the on-line commercial transactions are conducted among registered members. In one embodiment, a new member may be referred by an existing member, and the existing member's account is credited an amount which equals a predetermined percentage of the value of each on-line commercial transaction brought by the new member. After a predetermined time has elapsed, the existing member may cash out his credited earnings, donate the earnings to his designated charity, or instruction disposition by a combination of both. The on-line commercial transaction may be, for example, an on-line auction.
Claims15
A method for creating a community based on on-line commercial transactions, comprising:
- registering a new member who is introduced to the community by an existing member;
- conducting an on-line commercial transaction as to which the new member is a principal;
- crediting to an account assigned to the existing member an amount which equals a predetermined percentage of a valuation of the on-line commercial transaction;
- after a predetermined time, allowing the existing member to transfer a portion of the amount to a charity designated by the existing member.
Dependencies are inferred from the claim text.