Patent ID: 8370210
Filing Date: 2013-02-05
Classification: G06Q

Abstract:
1. A method for processing a cash payment for an online purchase, comprising the steps of: identifying an item of goods or services selected by an online shopper; identifying a unilateral contract for the sale of the item by a payee at a price, wherein the contract is time-sensitive so that the performance by the shopper must be accomplished within a timeframe wherein the timeframe varies according to the demand of the item; generating a unique identifier for the contract; populating a database with a first data set signifying at least one term of the contract, said first data set associated with a second data set signifying the unique identifier; receiving a physical representation of the unique identifier from the online shopper at a geographic location; querying the database from the geographic location with the unique identifier and observing the data associated therewith; prompting a cash payment for the price from the shopper; receiving the cash as performance of the contract by the shopper; generating via computer hardware with software installed thereon, a third data set signifying receipt of the cash and populating the database with the third dataset in association with the second dataset; and, delivering to the payee an equivalent of all or a portion of the cash.