A METHOD FOR TRANSACTING A TRADE ELECTRONICALLY, AND A SYSTEM THEREFOR

摘要

A method for electronically transacting a trade between a commercial provider and a customer of a merchant. The method is also for electronically paying all of the participants involved with enabling the transaction from the payment made by the customer in consideration of the trade. The method involves entering into agreements for valuable or other consideration with (i) the commercial provider for providing a good or service to a potential customer of the merchant; and (ii) the merchant for offering the good or service of the commercial provider to its customers. Thereafter, the method involves: electronically transacting with the customer of the merchant the provision of the good or service of the commercial provider to the customer; using an electronic payment system to handle payment of a good or service of the commercial provider purchased by the customer; electronically authorising the provision of the good or service of the commercial provider upon confirmation of payment by the electronic payment system; electronically distributing the valuable consideration in respect of the payment to the commercial provider and to the merchant, in accordance with the respective agreements made. A system for performing the aforementioned method is also described.