摘要 |
An online auction system with a random rebate includes a computer having a processor, memory storing programming, and input, the computer being in network communication with the internet. The processor executes programming to receive auction item, rebate range, pool closure time, and auction time data from the computer input. The processor receives bidder registration data until pool closure, a predetermined fee, and bids from registered bidder until auction time expiration. The processor determines the highest bidder upon auction time expiration and notifies the highest bidder to make payment. A random rebate percentage is determined and sent to the bidder. Operation of the auction system enables a seller to receive a predetermined amount of auction registration fees and a winning bid amount less the random rebate. A buyer is able to purchase an auction item for less than market value and also receive a randomly assigned rebate. |