Patent ID: 7499876
Filing Date: 2009-03-03
Classification: G06Q

Abstract:
1. A method of configuring a bid adjustment mechanism in an online auction, the method comprising: displaying a bid adjustment mechanism configuration interface including the bid adjustment mechanism that allows a bidder to specify an adjustment for a bid without entering an amount of the bid; setting the bid adjustment mechanism to a bid adjustment value specified by the bidder using the configuration interface; and adjusting a bid in the online auction by the bid adjustment value set in the configuration interface in the event that the bid adjustment mechanism is actuated by the bidder; wherein the bid adjustment mechanism configuration interface is configured to allow a bidder to specify a first and a second adjustment for a bid, and wherein the bid adjustment mechanism is a first bid adjustment mechanism set to the first adjustment value, and further comprising setting a second bid adjustment mechanism to a second bid adjustment value, and wherein adjusting a bid in the online auction includes determining which bid adjustment mechanism is actuated by the bidder.