Method and system of range-based floating pricing for electronic transaction

摘要

A method and system that allows users to trade items over the Internet with dynamic pricing model is disclosed. The method and system enables a seller to post an item for sale with dynamic pricing settings. The dynamic pricing settings comprise price range, pricing algorithm and price-updating interval Over the item's listing period, the method and system automatically schedule to run the pricing algorithm to update the listing price every price-updating interval and the listing price is floating within the price range. A buyer can place an order on an item and finish the transaction at anytime before the end of the listing period. A buyer can trade directly online or set up an agent to conduct trading on behalf of the buyer.