摘要 |
Disclosed is a system and method for buyers and sellers to conduct business by utilizing an electronic marketplace. The method includes the buyer establishing an account with a service provider by providing information, assigning a fee structure and trade limit to the buyer for future purchases made based on predetermined criteria, the buyer accepting the fee structure, storing the buyer's account information, including the fee structure, the buyer viewing seller's electronic catalog which is either general or specific to the buyer, the buyer making selections of goods or services to purchase from the seller's electronic catalog, the buyer selecting payment terms for the goods or services selected, service provider or guarantor paying seller a net price for goods or services ordered by the buyer, and the buyer paying the service provider or guarantor a gross price for the goods or services ordered by the buyer.
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