System, Method, and Software for Facilitating Online Auction Funding College Savings Accounts With Direct Distribution of Sales Proceeds to the College Savings Account

摘要

A system, method, and software for facilitating hosted online sale of goods and/or services includes the steps electronically presenting at least one good and/or service available for purchase online from a seller. The seller makes at least one designation of a tax-deferred and/or tax-exempt savings plan account to receive at least a portion of proceeds from the sale. When a buyer purchases the good or service online, separate purchase and transaction fees are received by the host from the buyer for purchasing the at least one good and/or service. The purchase and transaction fees are maintained in separate accounts by the host until the purchase fee is directly provided to the at least one savings plan account designated by the seller on behalf of the seller.