Patent ID: 8046265

Claim:
A method, comprising: receiving buyer information indicative of a product desired to be purchased by a buyer; searching, by a controller, through a plurality of seller database records associated with products offered for sale by sellers, for a seller database record that corresponds to the buyer information; determining, based on the searching, that no seller database record corresponds to the buyer information; receiving, after the determination that no seller database record corresponds to the buyer information, additional buyer information defining a commitment of the buyer to purchase the desired product, wherein the additional buyer information is indicative of: a quality associated with the desired product; and a maximum price that the buyer commits to pay for the desired product; creating, after the receiving of the additional buyer information, a new seller database record associated with a specific product offered for sale by a specific seller; determining, by the controller, upon the occurrence of a pre-determined event, that the additional buyer information corresponds to the new seller database record; and automatically charging the buyer for the specific product.