Systems and methods to process online monetary payments dependenton conditional triggers involving future events for online auctions and online trading exchanges involving stock exchange, commodity exchange, foreign exchange, sporting exchange, gaming exchange, file sharing exchange, andother types of online peer-to-peer exchange.

摘要

The present invention is a system to process online monetary payments between end-users whose payments are dependent on conditional triggers involving future events, such as winning bids/offers in online auctions and online trading exchanges. These methods allow end-users of online auctions and online trading exchanges to send and receive payments directly to one another via online payment processors, without the online auction or online trading exchange becoming involved in payment collection. In the system, bids and offers are backed by actual funds held in reserve, or held in a queue, enabling instantaneous payments upon the close of an event. Thus, a user's winning bid instantly triggers a payment. The auction or trading exchange is not involved as a third party collector of funds, auction sellers avoids overdue, delinquent, and/or abandoned payments, and exchange traders receive instant account settlements. The system contains methods that become the basis for online payment processor applications, online auction software applications, and online trading exchange software applications. The system also contains methods that are to be included in standalone software applications or software application modules that interact with online payment processor applications, online auction software applications, and online trading exchange software applications. A trading exchange as defined in the system is either a stock exchange, commodity exchange, foreign exchange, sporting exchange, gaming exchange, file sharing exchange, or other generic form of online person-to-person exchange.