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Method and System for Providing Security Deposits in E-Commerce

IP.com Disclosure Number: IPCOM000240680D
Publication Date: 2015-Feb-18
Document File: 2 page(s) / 32K

Publishing Venue

The IP.com Prior Art Database

Related People

Evans Tseng: INVENTOR [+3]

Abstract

A method and system is disclosed for providing security deposits in e-commerce. A method and system provides a payment mode which includes security deposits in an e-commerce website for selling high price products. If a buyer selects a high price product in the e-commerce website, the buyer deposits the security deposit into the e-commerce website to confirm the transaction. The seller makes an arrangement such that the buyer can confirm the high price product in off-site. If the buyer likes the high price product in the off-site, the buyer can pay the balance amount and pick up the high price product. Finally, the buyer notifies the e-commerce site and confirms the transaction for the high price product.

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Method and System for Providing Security Deposits in E-Commerce

Abstract

A method and system is disclosed for providing security deposits in e-commerce.  A method and system provides a payment mode which includes security deposits in an e-commerce website for selling high price products.  If a buyer selects a high price product in the e-commerce website, the buyer deposits the security deposit into the e-commerce website to confirm the transaction.  The seller makes an arrangement such that the buyer can confirm the high price product in off-site.  If the buyer likes the high price product in the off-site, the buyer can pay the balance amount and pick up the high price product.  Finally, the buyer notifies the e-commerce site and confirms the transaction for the high price product.

Description

Generally, if a user wishes to purchase a high price product such as a car, the user prefers to check out the high price product in person.  Due to the preference of checking out the high price product in person, the user might generally go to a seller directly to buy the high price product.  The preference of the user potentially results in e-commerce transactions from online to offline as the seller can settle a deal with the user right on the spot.  E-commerce websites usually charge the seller fees with any transaction occurred on the system.  If there is an offline transaction, the seller may not be charged for success transactions.  Due to such offline transactions, the revenue of the e-commerce websites is dropping over time.  Additionally, sellers are also troubled as most people only look at cars without buying.

Disclosed is a method and system for providing security deposits in e-commerce.

When an e-commerce website is selling high price products, the e-commerce website provides a payment mode which includes a security deposit.  A buyer can search for the high price products in the e-commerce website.  If the buyer selects a high price product, the seller provides information and a bargain range for the high price product.  The buy...