Invention Grant
- Patent Title: Systems and methods for managing direct exchange
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Application No.: US16355500Application Date: 2019-03-15
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Publication No.: US11188960B2Publication Date: 2021-11-30
- Inventor: Melodie van der Baan , Morgan Hatin Bodstrom , Damon Ciarelli
- Applicant: Swapretail, Inc.
- Applicant Address: US FL North Palm Beach
- Assignee: Swapretail, Inc.
- Current Assignee: Swapretail, Inc.
- Current Assignee Address: US FL North Palm Beach
- Agency: Wolf, Greenfield & Sacks, P.C.
- Main IPC: G06Q30/06
- IPC: G06Q30/06 ; G06Q10/08

Abstract:
According to one aspect, the system provides an automated platform for managing R2R, that preserves vendor control over of the communication between retailers. For example, according to one embodiment of the system, only authorized retailers of specific vendors are able to list, request, buy, sell and swap products on the system. In further examples, the system controls execution so that exchanges can occur anonymously, while maintaining the assurances that transactions are facilitated by authorized parties at vendor-set prices. In yet other example, the system permits authorized retailers to list non-performing goods for authorized retailers to obtain by purchase or swap at wholesale cost. In yet other example, the system permits authorized retailers to request goods at wholesale cost and display the requests in a workflow that permits providers execute fulfillment.
Public/Granted literature
- US20200294107A1 SYSTEMS AND METHODS FOR MANAGING DIRECT EXCHANGE Public/Granted day:2020-09-17
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