Invention Grant
- Patent Title: Retail system for selling products based on a flexible product description
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Application No.: US14930042Application Date: 2015-11-02
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Publication No.: US09754302B2Publication Date: 2017-09-05
- Inventor: Jay S. Walker , Peter Kim , James A. Jorasch , Magdalena Mik Fincham , Daniel E. Tedesco , Russell Pratt Sammon , Andrew P. Golden , Raymond J. Mueller , Keith Bemer , Kathleen Van Luchene
- Applicant: Groupon, Inc.
- Applicant Address: US IL Chicago
- Assignee: Groupon, Inc.
- Current Assignee: Groupon, Inc.
- Current Assignee Address: US IL Chicago
- Agency: Alston & Bird LLP
- Main IPC: G06Q40/00
- IPC: G06Q40/00 ; G06Q30/06 ; G06Q20/20 ; G06Q30/02

Abstract:
According to one described embodiment, a method is provided in which transaction information is determined. The transaction information is associated with (i) a buyer who has arranged to purchase a product from a central controller at a first price established between the buyer and the central controller and (ii) a merchant that offers the product for sale at a second price, different from the first price, without offering the product for sale to buyers at the first price. Information is transmitted that facilitates the acquisition of the product by the buyer, in exchange for payment provided by the buyer to the central controller. An amount based on the second price is provided to the merchant.
Public/Granted literature
- US20160055558A1 RETAIL SYSTEM FOR SELLING PRODUCTS BASED ON A FLEXIBLE PRODUCT DESCRIPTION Public/Granted day:2016-02-25
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