Patent ID: 8595108

Claim:
A method for providing contingent payments, comprising: receiving, by a system provider device from a first user through a user device over a network, a contingent payment request that identifies a single product and includes at least one contingent payment factor that identifies a desired price below which the single product should be purchased; storing the contingent payment request in a database using the system provider device; providing, using the system provider device, a contingent payment intent that identifies the single product and includes the at least one contingent payment factor for display on a user profile of a social network that is associated with the first user, wherein the providing the contingent payment intent for display on the user profile results in the contingent payment intent being displayed to a plurality of other users of the social network; monitoring the user profile by the system provider device and, in response, determining by the system provider device that the at least one contingent payment factor in the contingent payment request has been satisfied by a second user of the plurality of other users of the social network providing a contingent payment intent response that is displayed on the user profile and that provides a coupon that allows for the purchase of the single product below the desired price; and transferring funds from a user account associated with the first user to a merchant account by the system provider device in order to purchase the single product according to the coupon in response to determining by the system provider device that the at least one contingent payment factor has been satisfied by the contingent payment intent response provided by second user on the user profile.