Deferred payment and selective funding and payments

A funding, options technology, applied in the field of user-selectable payment options, that can solve problems such as losses, non-credit sales, lower consumer credit scores, etc., to achieve reduced checkout friction, increased flexibility and control, friction points reduced effect

Inactive Publication Date: 2013-08-28
PAYPAL INC
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  • Summary
  • Abstract
  • Description
  • Claims
  • Application Information

AI Technical Summary

Problems solved by technology

This can be disadvantageous where the consumer does not want to provide this information, resulting in no credit being issued and loss of sales
Additionally, reports to credit bureaus can lower a consumer's credit score even if the consumer decides to provide that information

Method used

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  • Deferred payment and selective funding and payments
  • Deferred payment and selective funding and payments
  • Deferred payment and selective funding and payments

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Embodiment Construction

[0026] According to various embodiments, the consumer or user may select the type of payment, payment terms, or be credited at the time of checkout prior to checkout without the consumer having to submit a social security number, and be able to change any of these choices after payment. One. Examples of payment options (pre-purchase, time-of-purchase, or post-purchase) may include deferring payment until after a certain amount of time after the transaction (at which point the consumer's funding source, such as a bank, is automatically debited on or before a specified date) ), pay in installments determined by the consumer, pay the amount within a grace period, use one or more funding sources selected by the user (e.g. credit card(s), bank, stored balance, gift cards, debit cards, coupons, etc.) to pay, etc. This gives the consumer more flexibility to pay at the time of payment and after payment (if desired) using the terms or products that best suit the consumer.

[0027] Ta...

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Abstract

A user is able to change one or more payment options after payment has already been made to a merchant. A payment provider processes a payment request during a transaction with the merchant with default or selected payment options. After the transaction with the merchant is completed and the merchant has been paid, the user may change one or more of the payment options, such as funding source(s) and terms / conditions of payment (e.g., deferment period, installment period / amount, etc.). During the transaction, the user may make a purchase through the payment provider even if the user does not have an account with the payment provider by providing user information, such as name, address, phone number, email address, and date of birth, but not a social security number or funding source information.

Description

[0001] Related application information [0002] This application is related to and claims priority from US Provisional Patent Application Serial No. 61 / 427,062, filed December 23, 2010, which is hereby incorporated by reference in its entirety. technical field [0003] The present invention relates generally to electronic payments, and more particularly to user-selectable payment options. Background technique [0004] Online or electronic shopping is becoming more and more common. This is due in part to consumers being able to easily find, pay for and complete transactions without having to go to a seller's physical location. This online shopping is primarily done from the consumer's PC or laptop, but also from the consumer's mobile device, so payment providers have developed payment Payment products for making electronic payments. [0005] However, typical payment products do not give consumers much flexibility regarding payment terms and conditions. For example, today...

Claims

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Application Information

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Patent Type & Authority Applications(China)
IPC IPC(8): G06Q20/12
CPCG06Q20/405G06Q30/0613G06Q30/0617G06Q20/10G06Q20/12
Inventor 约翰·德怀特格雷戈里·利塞斯基迈克尔·吴托马斯·怀特佛德帕里佳特·辛哈达雷尔·艾施卡罗林·乔贝布莱恩·比杰林萨杰韦·克里普兰尼索菲亚·珀格博格雷格·泽勒
Owner PAYPAL INC
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