RELATED PARTY PAYMENT SYSTEM

摘要

Systems and methods are disclosed herein which that enable a first party, such as a child, to selected one or more items offered by an online retailer and to send a request to a second party, such as a parent or guardian, to request that the second party purchase the item or items for the first party. The systems and methods provide the second party with the ability to view requests received from the first party, to set limits on the number of requests and the amounts of the requests that the first party may make. The second party may also designate the parties to whom the first party may submit purchase requests. The child may also submit request to one or more non-parental contributors who may contribute money toward the purchase the one or more items for the child.

主权项

1. A computer-implemented method for processing a payment request with a related party payment, where one or more processors are programmed to perform steps comprising:
holding a balance of funds in an escrow account for a user, the balance of funds being supplied by a first funding source and a subsequent funding source; receiving an electronic payment request at the one or more processors from a vendor for the purchase of an item selected by the user; sending the payment request at the one or more processors for the purchase of the item selected by the user; funding a payment to the vendor from the escrow account; and maintaining a transaction history accessible to the user through a user account and to a supervisor of the user through a supervisory account.