Patent ID: 11915283

Abstract:
A Cost Sharing Method and Platform that uses scrapping API technology to collect and project key categories of items available for sale on multiple sites on the internet is disclosed herein. As disclosed, the Cost Sharing Method and Platform (hereinafter “System” aka Splitcart) allows the user to pay for that item or share the cost of the item with other people. Payments are recorded through the system and with payments processed upon finalization of the Splitcart as defined by the organizer. As configured, the organizer is able to choose how many splitters (contributors) there will be and decide if he/she wants to cover the cost difference if funds are not met and/or convert total funds collected to a gift card. The SplitCart may have social media contacts and or connections enabled to allow for a user to use their social media platform to recruit “splitters” and recipients to a cost sharing opportunity.