Patent ID: 8407143

Claim:
A method for purchasing an international payment instrument from an online payment system by a payor to compensate a payee in relation to a listing on a vending site, the method comprising steps of: receiving, at a payment server, selection of a payment currency and a drawee bank nationality for the online payment system to use when issuing the international payment instrument; receiving, at the payment server, payment information from the payor comprising: a payee identifier, a payee name, a payee address, and a payment amount; debiting, by the payment server, a money handler associated with the payor and separate from the payment server for at least the payment amount; determining, by the payment server, that the drawee bank nationality is different from a payee nationality; determining, by the payment server, that a payor currency is different from a payee currency; based on the determination that the drawee bank nationality is different from the payee nationality and that the payor currency is different from the payee currency, applying, at the payment server, a service fee to the payor, wherein the service fee is split into two separate fees including a first fee associated with the difference in nationality and a second fee associated with the difference in currency; determining, by the payment server, an exchange rate between the payor currency and the payee currency; causing, by the payment server, generation of the international payment instrument payable to the payee name for the payment amount, wherein: the payment instrument is based on the received payment currency, the drawee bank nationality, first service fee, second service fee, and exchange rate, and wherein the payor currency is different from the payee currency used by the money handler; and causing, by the payment server, delivery of the international payment instrument to the payee at a location within the country of the payee.