System and method for converting an offer proposed by a buyer to a proxy bid

摘要

A commerce system and methods thereof, comprising a remote server accessible via a network by client computers utilizing client software such as browsers for interfacing with the remote server. The server provides a commerce system that enables a seller to list an item in an auction process implemented in the server. The server receives proxy bids for the item from respective bidders and a buyer-proposed offer associated with a prospective buyer indicating a fixed price the prospective buyer is willing to pay for the item. If the server determines a lack of acceptance of the buyer-proposed offer by the seller prior to the end time, the server automatically converts the buyer-proposed offer to a proxy bid for consideration against the one or more proxy bids.