System and method for intelligent discount distribution based on subscriber tier
Abstract
A system and method for operating a bundle-type checkout system incorporating subscription tiers, comprising a subscription manager that assigns subscription tiers to merchants, an offer manager that receives price offers from consumers and analyzes offers to compute bundle offers, a threshold calculator that calculates price discount thresholds and compares price discount values to offer values, and a discount optimization manager that calculates price discounts and determines acceptability of price offers, and a system and method for weighted discount distribution among subscription tiers.
Claims
exact text as granted — not AI-modifiedWhat is claimed is:
1 . A method, comprising:
storing a plurality of product identifiers from a plurality of product providers wherein each product identifier has a corresponding least acceptable offer value, a corresponding retail price value, and a corresponding product provider identifier; receiving, from a consumer device, a set of selected product identifiers of the stored plurality of product identifiers and a bundle price offer value for the set of selected product identifiers; calculating a total available discount for the set of selected product identifiers based at least in part on corresponding least acceptable offer values and retail prices associated with each product identifier in the set of selected product identifiers; calculating a requested discount for the set of selected product identifiers based at least in part on a total retail price for the set of selected product identifiers and the bundle price offer value, wherein the total retail price for the set of selected product identifiers is the sum of the corresponding retail price associated with each product identifier in the set of selected product identifiers; assigning a weighted discount value for each selected product identifier in the set of selected product identifiers; calculating a sale price for each selected product identifier in the set of selected product identifiers based at least in part on the assigned weighted discount value; sending the sale price for each selected product identifier to an associated product provider user device of a plurality of product provider user devices, the associated product provider user device based on the corresponding product provider identifier.Join the waitlist — get patent alerts
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