Patent ID: 7634440
Filing Date: 2009-12-15
Classification: G06Q

Abstract:
1. A computer implemented method for facilitating a trade between a buyer and a seller of a product, said method comprising the steps of: offering a product for sale on at least one computer by said seller at a predetermined price; committing to purchase on at least one computer said product by said buyer in an amount equal to said predetermined price; determining on at least one computer if said buyers account has monies available in an amount greater than or equal to said predetermined price to provide a sufficient currency status or insufficient currency status, messaging by at least one computer said seller the shipping address of said buyer; requiring said seller to verify on at least one computer the date of receipt of said monies from said buyer's account in an amount equal to said predetermined price; requesting said seller to send off, hand over or exchange said product; requesting said seller to verify the shipping status on at least one computer of said product for sale or said exchange product within a shipping confirmation response time frame, wherein said shipping status may be shipped, not shipped, negligently shipped or no response; requesting said buyer to receive said product or said exchange product; requesting said buyer to verify the receipt status on at least one computer of said product for sale or said exchange product within a receipt confirmation response time frame, wherein said receipt status is selected from the group consisting of may be received/accepted, received/not accepted/final return, received/not accepted/exchange, not received and no response; requesting said seller to receive said returned product; requesting said seller to verify the return receipt status on at least one computer of said returned product within a receipt confirmation response time frame, wherein said return receipt status is selected from the group consisting of received/accepted, received/accepted/exchange available, received/accepted/exchange not available, received/not accepted, not received and no response; requesting said buyer to send off or hand over said returned product; requesting said buyer to verify on at least one computer said return shipping status of said returned product within a shipping confirmation response time frame, wherein said return shipping status may be shipped, not shipped, negligently shipped or no response; automatically assigning a computer generated conduct value on at least one computer to said seller based upon said shipping status and said sellers confirmation thereof and said return receipt status and said sellers confirmation thereof; automatically assigning a computer generated conduct value on at least one computer to said buyer based upon said receipt status and said buyers confirmation of said receipt status, said return shipping status and said buyers confirmation of said return shipping status.