Gift Payment Request Redirection System
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Solution Overview
Problem
Current online purchasing models do not allow customers to seamlessly redirect payment requests to willing purchasers, limiting options for individuals who want to purchase items but cannot afford them or wish to gift them to others.
Innovation Solution
A method and system that enables customers to generate and distribute a 'gift payment request' to potential purchasers, including user and purchaser information, which allows the selected purchaser to accept, decline, or ignore the request, with notifications and payment verification processes in place.
Engineering Contradictions & Design Principles
Engineering Contradiction Analysis
1Adaptability or versatility
If current self-pay purchase models are used, then transaction simplicity is maintained, but customer purchasing flexibility and accessibility are limited
Solution Approach 1:
The patent introduces a payment redirection system that acts as an intermediary between the customer and the payment processor. The system generates a unique payment request that can be shared with third parties, allowing the customer to redirect payment obligations to others without direct integration between payer and payee. This mediator approach enables purchasing flexibility while maintaining transactional simplicity through standardized payment workflows.
Solution Approach 2:
The patent segments the payment transaction into distinct components: the original purchase request, the payment redirection mechanism, and the third-party payment fulfillment. This segmentation allows each component to operate independently with standardized interfaces, enabling flexible payment arrangements without complicating the overall transaction model.
2Ease of operation
If payment redirection to third parties is enabled, then customer purchasing accessibility is improved, but transaction processing complexity increases
Solution Approach 1:
The patent implements a self-service payment redirection system where the customer independently generates and manages their own payment requests. The system automatically handles the complexity of tracking, verifying, and processing third-party payments without requiring manual intervention from merchants or payment processors. This self-service approach improves accessibility while containing processing complexity within the customer-facing interface.
Solution Approach 2:
The patent creates a copyable, shareable payment request that can be transmitted to third parties through various channels. This copied payment instruction contains all necessary information for fulfillment but requires minimal processing from the receiving party. The copying mechanism simplifies the user experience while the system backend handles the complexity of matching payments to original requests.
3Quantity of substance
If group-based offers are distributed, then marketing reach is expanded, but conversion rate decreases due to budget constraints
Solution Approach 1:
The patent makes the payment system universal by allowing any third party to fulfill payment requests, not just the original customer. This multi-functionality enables the same purchase mechanism to serve multiple purposes: personal purchases, gift buying, and group-based offers. The system accommodates various budget scenarios while maintaining a unified transaction flow, thereby improving conversion rates across different customer segments.
Solution Approach 2:
The patent introduces dynamic payment assignment where the payment obligation can be transferred to different third parties based on their willingness and ability to pay. This dynamic adjustment allows the system to adapt to varying budget constraints in real-time, maintaining high conversion rates by finding willing purchasers among the customer's network rather than relying solely on the original customer's budget.
Data Source
AI summary
A gift payment management system allows a user to redirect a payment request for selected offers to one or more potential purchasers. The gift payment management system monitors the potential purchaser's response. If the gift payment request is accepted by a potential purchaser, the gift payment management system facilitates verification of payment from the potential purchaser and notifies the user that the gift payment request was accepted. The product associated with the offers is then made available to the user. If multiple purchasers are designated, the gift payment management system further withdraws the gift payment request after the request is completed.