Method and system of electronic bartering

Abstract

A system and method for electronic bartering where users capture an image of a tradeable item, search for other tradeable items, and make a bartering offer to another user whereby the bartering transaction is recorded. The barter transactions are analyzed for consumer habits and trends information where users may be presented information calculated from the analyzed barter transactions to determine the barter value and market value of their tradeable items and how to make best estimates when to barter their tradeable items and how to improve their bartering efficiency.

What is claimed is: 
     
         1 . An electronic bartering system comprising:
 a computing system having a non-transitory computer-readable medium comprising code, the computing system having one or more processors coupled to one or more databases over a network, the one or more processors implementing steps of:   receiving a first image of a first tradeable item from a first user on a first computing device, wherein the first image is stored in the one or more databases and associated with image information data and profile data of the first user;   classifying the first image and the image information data to the first tradeable item wherein the first tradeable item is presented on a second computing device as available for a bartering transaction;   receiving a second image of a second tradeable item from a second user on the second computing device, wherein the second image is stored in the one or more databases and associated with image information data and profile data of the second user;   classifying the second image and the image information data to the second tradeable item wherein the second tradeable item is presented on the second computing device as available for bartering;   displaying on the first computing device a selectable input graphical user interface, the selectable input graphical user interface having images of tradeable items available for bartering;   receiving from the first computing device request data for a request to receive the second tradeable item in exchange for the first tradeable item and storing the request data in the one or more databases;   transmitting the request to the second computing device as an offer for bartering;   receiving from the second computing device acceptance data for the request to receive the first tradeable item in exchange for the second tradeable item and storing the acceptance data in the one or more databases;   recording the barter transaction for the exchange of the first tradeable item and the second tradeable item;   updating the association of the profile data in the one or more databases associated with the first image and image information from the first user to the second user wherein the image is removed from a library of the first user and added to a library of the second user; and   updating the association of the profile data in the one or more databases associated with the second image and image information from the second user to the first user wherein the image is removed from a library of the second user and added to a library of the first user.   
     
     
         2 . The system of  claim 1 , the one or more processors further implementing the steps of:
 collecting real time market value data for determining a market value for the first tradeable item and the second tradeable item from one or more online marketplace third party systems;   determining the market value of the first tradeable item by retrieving a current price of the first tradeable item from the one or more online marketplace third party systems; and   determining the market value of the second tradeable item by retrieving the current price of the second tradeable item from the one or more online marketplace third party systems.   
     
     
         3 . The system of  claim 2 , the one or more processors further implementing the steps of:
 determining a barter value for the first tradeable item by a combined determined market value of tradeable items that have been exchanged for the first tradeable item over a predetermined time period.   
     
     
         4 . The system of  claim 3 , the one or more processors further implementing the steps of:
 presenting through the user interface, a barter value and the market value of the first tradeable item, the barter value of the first tradeable item presented to a subset of users with profile data associated with the first tradeable item.   
     
     
         5 . The system of  claim 3 , the one or more processors further implementing the steps of:
 calculating a barter score, the barter score calculated from subtracting the market value of the first tradeable item from the market value of the second tradeable item exchanged for the first tradeable item.   
     
     
         6 . The system of  claim 4 , the one or more processors further implementing the steps of:
 calculating a total barter value of the tradeable items of the first user; the total barter value calculated from a sum of the barter value of the tradeable items associated with the profile data of the first user; and   calculating a total market value of the tradeable items of the first user; the total market value calculated from the sum of the market value of the tradeable items associated with the profile data of the first user.   
     
     
         7 . The system of  claim 6 , the one or more processors further implementing the steps of:
 presenting through the user interface, the total barter value and the total market value of the tradeable items associated with the profile data of the first user.   
     
     
         8 . The system of  claim 7 , the one or more processors further implementing the steps of:
 storing a history of the total barter value associated with the profile data of the first user;   presenting the history of total barter value associated with the profile data of the first user;   storing a history of the barter transactions associated with the profile data of the first user; and   presenting the history of the barter transactions associated with the profile data of the first user.   
     
     
         9 . The system of  claim 4 , the one or more processors further implementing the steps of:
 comparing the barter transaction of the first tradeable item in exchange for the second tradeable item to a list including multiple barter transactions, each barter transaction of said multiple barter transactions including an exchange of the first tradeable item in the barter transaction for another tradeable item.   
     
     
         10 . The system of  claim 9 , the one or more processors further implementing the steps of:
 scoring the barter transaction from a comparison to other barter transactions, the score determined by the market value or the barter value of the another tradeable item exchanged for the first tradeable item.   
     
     
         11 . The system of  claim 9 , the one or more processors further implementing the steps of:
 displaying a score of the barter transaction and one or more ranking indicators, the one or more ranking indicators displayed based on a percentile of the score of the barter transaction in comparison to all of the scores of the multiple barter transactions.   
     
     
         12 . The system of  claim 4 , the one or more processors further implementing the steps of:
 adjusting the barter value, the market value, and a ranking for the barter transaction based on a quality of the first tradeable item and the second tradeable item.   
     
     
         13 . The system of  claim 1 , the one or more processors further implementing the steps of:
 presenting shipping options through the selectable input graphical user interface on the first computing device, the shipping options including a shipping service and a shipping insurance for receiving the second tradeable item;   performing a financial transaction for the shipping options selected between the first user receiving the second tradeable item and a delivery agent; and   subtracting, a value from the financial transaction for a referral fee.   
     
     
         14 . The system of  claim 13 , the one or more processors further implementing the steps of:
 initiating a bidding process to determine which one of a plurality of bidding eligible delivery agents will deliver the second tradeable item to the first user; and   connecting the first user to one of the plurality of delivery agents based on an outcome of the bidding process.   
     
     
         15 . The system of  claim 14 , the one or more processors further implementing the steps of:
 presenting shipping options through the selectable input graphical user interface on the first computing device, wherein the user interface displays a location of the second tradeable items being delivered to the first user by the one of the plurality of delivery agents overlaid on a virtual map corresponding to their real world location along with one or more interactive markers.   
     
     
         16 . The system of  claim 5 , the one or more processors further implementing the steps of:
 receiving a goal, the goal selected by the first user for a desired performance barter score, the desired performance barter score calculated from a sum or average of one or more barter transactions for tradeable items associated with the profile data of the first user over a predetermined time period;   presenting an indicator in response to a performance barter score reaching the desired performance barter score; and   presenting an indicator in response to the performance barter score not reaching the desired barter score, the indicator facilitating how a performance barter score can reach the desired performance barter score.   
     
     
         17 . An electronic bartering system comprising:
 a computing system having a non-transitory computer-readable medium comprising code, the computing system having one or more processors coupled to one or more databases over a network, the one or more processors implementing steps of:   receiving a first image of a first tradeable item from a first user on a first computing device, wherein the first image is stored in the one or more databases and associated with image information data and profile data of the first user;   classifying the first image and the image information data to the first tradeable item wherein the first tradeable item is presented on a second computing device as available for bartering;   receiving a second image of a second tradeable item from a second user on the second computing device, wherein the second image is stored in the one or more databases and associated with image information data and profile data of the second user;   classifying the second image and the image information data to the second tradeable item wherein the second tradeable item is presented on the second computing device as available for a bartering transaction;   displaying on the first computing device a selectable input graphical user interface, the selectable input graphical user interface having images of tradeable items available for bartering;   receiving from the first computing device request data for a request to receive the second tradeable item in exchange for the first tradeable item and storing the request data in the one or more databases;   transmitting the request to the second computing device as an offer for a bartering transaction; and   directing the second computing device to a barter modification screen wherein one or more additional tradeable items of the first user are presented for selection to add to or be modified into the bartering transaction.   
     
     
         18 . The system of  claim 17 , the one or more processors further implementing the steps of:
 receiving from the second computing device request data for a request to receive the second tradeable item in exchange for the first tradeable item and the one or more additional tradeable items or the one or more additional tradeable items and storing the request data in the one or more databases; and   directing the first computing device to the barter modification screen wherein one or more second additional tradeable items of the second user are presented for selection to add or be modified into the bartering transaction.   
     
     
         19 . An electronic bartering system comprising:
 a computing system having a non-transitory computer-readable medium comprising code, the computing system having one or more processors coupled to one or more databases over a network, the one or more processors implementing steps of:   receiving a first image of a first tradeable item from a first user on a first computing device, wherein the first image is stored in the one or more databases and associated with image information data and profile data of the first user;   translating the first image from a non-standardized format into a standardized format;   classifying the first image and the image information data to the first tradeable item wherein the first tradeable item is presented on a second computing device as available for a bartering transaction;   receiving a second image of a second tradeable item from a second user on the second computing device, wherein the second image is stored in the one or more databases and associated with image information data and profile data of the second user;   translating the second image from the non-standardized format into the standardized format;   classifying the second image and the image information data to the second tradeable item wherein the second tradeable item is presented on the second computing device as available for a bartering transaction;   displaying on the first computing device a selectable input graphical user interface, the selectable input graphical user interface having images of tradeable items available for bartering;   receiving from the first computing device, request data for a request to receive the second tradeable item in exchange for the first tradeable item and storing the request data in the one or more databases;   transmitting the request to the second computing device as an offer for bartering; and   directing the second computing device to a barter modification screen wherein one or more additional tradeable items of the first user are presented for selection to add for bartering.   
     
     
         20 . The system of  claim 19 , the one or more processors further implementing the steps of:
 using optimal character recognition to determine an object from the first image and the second image.