US 2015/0149348 A1 · TRANSACTION COST MIRROR

Abstract

Methods and apparatus may include a calculator for use in determination of a cost of acceptance associated with a purchase and/or group of purchases. The calculator may determine one or more surcharge attributes based on input provided by a transaction participant and one or more transaction fee rules. Apparatus and methods may include a device for dynamically adjusting the transaction cost based on a change in a surcharge attribute. Apparatus and methods may include determining a transaction cost by obtaining authorization services from one interchange provider and final settlement with a second interchange provider. Apparatus and methods may implement a secondary market for trading bundled transactions associated with specified surcharge attributes.

Claims24

Dependent claims

A system for determining a cost of accepting a payment instrument, the system comprising one or more computer-readable media storing computer-executable instructions which, when executed by a processor on a computer system determine the cost, the instructions comprising instructions for:

receiving a request from a merchant for a cost-quote, the request comprising a transaction record;
when the transaction record comprises a first surcharge attribute, transmitting to the merchant a first cost;
and
when the transaction record comprises a second surcharge attribute, transmitting to the merchant a second cost;
wherein:
the first cost corresponds to a cost associated with a merchant that does not impose a surcharge;
and
the second cost corresponds to a cost associated with a merchant that does impose the surcharge.

5 more elements

Dependencies are inferred from the claim text.

Transaction cost mirror

Life of this patent

Transaction cost mirror

Life of this patent

Abstract

Claims24