Profit-Sharing Incentive System For Account Vendors
OwnerP. Tom Sullivaninventor
Life of this patent
Estimating the term…
Loading patent…
OwnerP. Tom Sullivaninventor
Estimating the term…
A profit-sharing incentive system for account vendors is described. In one implementation, systems and methods estimate an up-front profit share incentive to be paid to a merchant for opening a merchant account that enables credit card payments. The up-front profit share is estimated from parameters such as the merchant's transaction volume and a discount rate. At the beginning of each new profit sharing period, the up-front profit share may be renewed. An online system for marketing merchant accounts can advertise and electronically transfer the up-front profit share amount that is customized for the merchant. The merchant can initiate the process online using a system website. A user interface displays numerous parameters and monetary values associated with a given merchant account, including monthly profit flowing to a processing entity and a current commodity value of the merchant account.
A method, comprising:
A system, comprising:
A system, comprising:
A method, comprising:
A system, comprising:
Dependencies are inferred from the claim text.