Patent ID: 7299200

Claim:
A computer implemented method for facilitating a trade over the Internet comprising the steps of: receiving input from a seller wherein said input includes a product, product information, a minimum price, a maximum price and a maximum time; offering said product for sale wherein said offer for sale starts at said minimum price and said maximum time and displays a current price and a remaining time; receiving at least one value offer for said product from at least one buyer, wherein said step of receiving at least one value offer is a first value offer; displaying said first value offer; accepting said first value offer when said first value offer results in a price greater than or equal to said minimum price and greater than or equal to said current price and results in time units to be purchased less than or equal to said remaining time; increasing said current price by a determined price amount and decreasing said remaining time by a determined time amount for each said first value offer that results in a price greater than said minimum price and greater than said current price and results in time units to be purchased less than or equal to said maximum time and less than or equal to said remaining time; and displaying said first value offer as the current price and the remaining time.