System and method for purchasing a prepaid debit account

A system comprising:

• a processor;
• and
• a computer-readable computer medium storing instructions which, when executed by the processor, cause the processor to perform operations comprising:
• receiving a prepaid debit account for sale from an owner of the prepaid debit account;
• determining a face value for the prepaid debit account;
• based on the face value, establishing a floor price;
• offering the prepaid debit account for sale via an auction, wherein the prepaid debit account is offered for sale at an initial price above the floor price and up to and including the face value, and wherein the initial price is decremented at time intervals to yield a decremented price;
• and
• if no purchaser purchases the prepaid debit account before the decremented price is below a threshold based on the floor price, purchasing the prepaid debit account from the owner for the floor price.

A computer-readable computer storage device storing additional instructions which, when executed by processor, cause the processor to perform operations comprising:

• receiving a prepaid debit account for sale from an owner of the prepaid debit account;
• determining a face value for the prepaid debit account;
• based on the face value, establishing a floor price;
• offering the prepaid debit account for sale via an auction, wherein the prepaid debit account is offered for sale at an initial price above the floor price and up to and including the face value, and wherein the initial price is decremented at time intervals to yield a decremented price;
• and
• if no purchaser purchases the prepaid debit account before the decremented price is below a threshold based on the floor price, purchasing the prepaid debit account from the owner for the floor price.