System and Method for Rebate Queue Management

A rebate queue management system, comprising:

• a seller end to:
• communicate with sellers via the Internet;
• and receive data on transaction details and discount rates sent from said sellers;
• a buyer end to:
• communicate with buyers via the Internet;
• a payment module end to:
• communicate with payment modules with online banking capability via the Internet;
• a transaction extraction unit coupled to said seller end to:
• extract a transaction total from an invoice;
• a discount extraction unit coupled to said seller end to:
• extract a discount rate associated with said transaction total;
• a rebate calculation unit coupled to said transaction extraction unit and said discount extraction unit to:
• calculate a rebate total based on said transaction total and said discount rate;
• a sorting unit coupled to said rebate calculation unit to:
• sort said rebate total into numerical digits by subunits of a currency;
• a queue unit coupled to said sorting unit to:
• enqueue said numerical digits to a queue set;
• respective queues grouped according to said subunits of said currency;
• at least 0 queue numbers and a cycle number comprised in said respective queues;
• value of said numerical digits equals said queue numbers enqueued to said respective queues;
• and
• a rebate unit coupled to said queue unit to:
• release a rebate to a buyer associated with an nth queue number once said queue number accumulates to n times of said cycle number of said respective queues, wherein n is a natural number.