Patent ID: 7110978
Filing Date: 2006-09-19
Classification: G06Q

Abstract:
1. A method of purchasing a money order from a money order system via the Internet for the purchase of goods purchased from an Internet-based auction transaction, wherein the money order is guaranteed by a third party other than a seller or a buyer in the auction transaction, the method including the steps of: awarding a bid to a buyer for goods to be purchased from a seller from an auction process conducted between said buyer and seller via the Internet on an Internet auction site; contacting an Internet site for said money order system via the Internet by said buyer with a computing device after said bid is awarded to said buyer by the Internet auction site; providing a hyper-link in the auction site to the money order system site; transmitting information to said money order system via the Internet to purchase said money order for said sale of said goods won during the auction process with the Internet auction site, said information including at least said buyer's identification, an identification of said seller and a financial amount for the money order, wherein: transmitting credit card information associated with said buyer to said money order system Internet site; electronically processing said credit card information to make available funds needed for said purchase of said money order by said buyer in said money order system site; printing a money order from said money order system with a money order dispensing apparatus upon receipt of said transmitted information from said buyer; initiating physical delivery of said generated money order from the money order system to said seller, whereby the money order can be used to pay the seller for the purchase of the goods; initiating physical delivery of said goods from said seller to buyer after said money order is printed; and generating a message from the money order system to at least one of said buyer or seller stating that said money order has been sent to said seller.