Patent ID: 8719154
Filing Date: 2014-05-06
Classification: G06Q

Abstract:
1. A system of a network-based marketplace, comprising: a web or API server including an interface to receive a request to conduct a remittance transaction including a transfer of a first value from a first party to an account of an intermediary party, and by the intermediary party to transfer at least a portion of the first value to a third party; and an application server including: a reputation determination module to access reputation data associated with the intermediary party; and a fee determination module to determine, based on the reputation data, an intermediary fee chargeable by the intermediary party for the transfer of at least the portion of the first value to the third party, the reputation data including a value of remittance transactions previously conducted by the intermediary party over a predetermined amount of time, wherein the more the value of remittance transactions previously conducted by the intermediary party, the more the intermediary fee.