Multi currency exchanges between participants
AssigneePaypal, Inc.
InventorsGiacomo Digrigoli, George Lee
Life of this patent
Estimating the term…
Abstract
A method and apparatus for facilitating payment transactions in multiple currencies between participants is provided. In one embodiment, an option is provided to a user to select a currency in which to make a payment. An indication of the selected currency in which to make the payment is received. A determination is made as to whether the selected currency is a primary currency of an account of the user. Based on the selected currency being different from the primary currency of the account of the user, the payment is converted to the selected currency.
Claims20
A method comprising:
- providing an option to a user to select a currency in which to make a payment, the option including a primary currency of the user and a currency of a recipient, the primary currency of the user and the currency of the recipient being different;
- receiving an indication of the selected currency in which to make the payment;
- determining, using a processor of a machine, whether the selected currency is the primary currency of the user or the currency of the recipient;
- and
- based on the selected currency being the currency of the recipient, causing funding of the payment to the recipient in the selected currency by converting the payment to the selected currency prior to an expiration time of an exchange rate.
A system comprising:
- one or more hardware processors;
- and
- at least one payment module to
- provide an option to a user to select a currency in which to make a payment, the option including a primary currency of the user and a currency of a recipient, the primary currency of the user and the currency of the recipient being different,
- receive an indication of the selected currency in which to make the payment, and
- determine, using the one or more hardware processors, whether the selected currency is the primary currency of the user or the currency of the recipient, and
- based on the selected currency being the currency of the recipient, cause funding of the payment to the recipient in the selected currency by converting the payment to the selected currency prior to an expiration time of an exchange rate.
A machine-readable storage medium having no transitory signals and storing instructions which, when executed by at least one processor of a machine, cause the machine to perform operations comprising:
- providing an option to a user to select a currency in which to make a payment, the option including a primary currency of the user and a currency of a recipient, the primary currency of the user and the currency of the recipient being different;
- receiving an indication of the selected currency in which to make the payment;
- determining whether the selected currency is the primary currency of the user or the currency of the recipient;
- and
- based on the selected currency being the currency of the recipient, causing funding of the payment to the recipient in the selected currency by converting the payment to the selected currency using an exchange rate, prior to an expiration time of the exchange rate.
Dependencies are inferred from the claim text.