The patent badge is an abbreviated version of the USPTO patent document. The patent badge does contain a link to the full patent document.
The patent badge is an abbreviated version of the USPTO patent document. The patent badge covers the following: Patent number, Date patent was issued, Date patent was filed, Title of the patent, Applicant, Inventor, Assignee, Attorney firm, Primary examiner, Assistant examiner, CPCs, and Abstract. The patent badge does contain a link to the full patent document (in Adobe Acrobat format, aka pdf). To download or print any patent click here.
Patent No.:
Date of Patent:
May. 31, 2016
Filed:
Dec. 02, 2013
Introducing a fixed-price transaction mechanism in conjunction with an auction transaction mechanism
Ebay Inc., San Jose, CA (US);
Brian Alan Grove, San Jose, CA (US);
Zachary James Edson, Campbell, CA (US);
Steve Grove, San Jose, CA (US);
Andrew Leigh Sandler, San Jose, CA (US);
eBay Inc., San Jose, CA (US);
Abstract
A method and system that introduces a fixed-price transaction mechanism in conjunction with an auction transaction mechanism. The system facilitates a network-based auction price-setting process for a listing using a fixed price-setting process. The listing includes a reserve price that is adjusted by receiving, via an interface, an adjustment to the reserve price to generate an adjusted reserve price. The system further identifies whether the adjusted reserve price is less than a proxy bid that has been received from a bidder for the listing.