Patent ID: 7742985

Claim:
A method for facilitating online multi-currency payment transactions between participants of a network-based transaction facility, the method comprising: communicating to a sender via a communications network a user interface that facilitates sender input with respect to a desired currency in which a payment is to be made; receiving data identifying a sender-selected currency from the sender via the communications network; communicating to the sender via the communications network information identifying a current exchange rate for conversion between the sender-selected currency and a sender primary currency; and if receiving a confirmation of the payment in the sender-selected currency from the sender, informing a recipient via the communications network about the payment in the sender-selected currency, the informing the recipient via the communications network including communicating a user interface to the recipient, the user interface to enable a receiving of a selection from the recipient, the selection from the recipient is selected from a group consisting of an acceptance of the payment in the sender-selected currency and a denial of the payment in the sender-selected currency.