Back to results
US 2014/0207543 A1Published application
System and Method for Price Determination
OwnerBinyamin-Yefet SONOVANIinventor
Life of this patent
Estimating the term…
Abstract
The current method allows for the operator of an online site or an actual store to profit by means of determining a using a sale-price determining mechanism. This mechanism utilizes concepts of a base price, a market price, and a sale price. If the sale price is below the base price, the purchaser is credited this amount. If the sale price is above the market price, the user is debited for the amount, which is then credited towards future purchases.
Claims20
A method for allowing a user to purchase of a discounted goods or services comprising the steps:
- determining a market price A for said discounted good;
- determining a base sale price B for said discounted good;
- determining an actual sale price C for said discounted good by use of price-determining means;
- charging said user with any amount C;
- crediting said user for any amount C-A>0 towards future purchases;
- wherein variable pricing is employed to allow said user to purchase at a discount from said market price and simultaneously allowing a seller to sell at a premium to said base price.
3 more elements
A system for allowing a user to purchase of a discounted goods or services comprising:
- means for determining a market price A for said discounted good;
- means for determining a base sale price B for said discounted good;
- means for determining an actual sale price C for said discounted good by use of price-determining means;
- means for crediting said user with any amount B-C>0;
- means for charging said user for any amount C-A>0, which is then credited towards future purchases;
- wherein variable pricing is employed to allow said user to purchase at a discount from said market price and simultaneously allowing a seller to sell at a premium to said market price.
3 more elements
Dependencies are inferred from the claim text.