Invention Grant
- Patent Title: Release of funds based on criteria
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Application No.: US14257827Application Date: 2014-04-21
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Publication No.: US10223676B2Publication Date: 2019-03-05
- Inventor: Kevin John Yu , Joseph Chong , Alan Tien
- Applicant: PayPal, Inc.
- Applicant Address: US CA San Jose
- Assignee: PAYPAL, INC.
- Current Assignee: PAYPAL, INC.
- Current Assignee Address: US CA San Jose
- Agency: Maschoff Brennan
- Main IPC: G06Q40/00
- IPC: G06Q40/00 ; G06Q20/10 ; G06Q30/06 ; G06Q40/02

Abstract:
A method and system to transfer payment to a seller of a network-based commerce transaction are described herein. The method includes performing a risk evaluation based on retrieved seller-specific data, and releasing funds from a holding account to the seller based on the risk evaluation.
Public/Granted literature
- US20140229370A1 RELEASE OF FUNDS BASED ON CRITERIA Public/Granted day:2014-08-14
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