Patent ID: 7849006
Filing Date: 2010-12-07
Classification: G06Q

Abstract:
1. A method of paying for an auction item at least partially using an online payment system by a payor to compensate a payee, the method comprising: an auction site providing confirmation to the payor that the payor won an electronic auction; the auction site receiving a selection from the payor to settle the auction via a transaction that is staged online, wherein the transaction being staged online comprises payment information being provided by the payor online, but settlement by the payor occurring at a retail location; the auction site providing to the online payment system payment information relating to the transaction, wherein the payment information comprises at least a payee identifier, a first payment amount, and an auction identifier, wherein the auction identifier relates to the auction won by the payor; in response to receiving the payment information, the online payment system creating a transaction identifier relating to the transaction for use in identifying the transaction with a money transfer service provider having associated retail locations; the online payment system presenting to the payor an auction settlement screen, wherein the screen has been pre-populated with at least the payee identifier, the first payment amount, the auction identifier and the transaction identifier; thereafter, at the retail location, receiving a payment and using the transaction identifier to relate the payment to the transaction, wherein the retail location is one of the retail locations associated with the money transfer service provider; making a second payment amount available to the payee based on the payment; in response to making the second payment amount associated with the transaction identifier available to the payee, notifying the online payment system that the payor has remitted payment in the transaction associated with the transaction identifier.