METHOD FOR AN ESCROW FUNCTION DURING A TRANSACTION USING AN ELECTRONIC/PHYSICAL MAIL ADDRESS DATABASE FRAMEWORK

摘要

A method is provided for an escrow function in conjunction with providing an intermediary role between a buyer and a seller utilizing a network. First, an agreement is facilitated between a buyer and a seller to transact utilizing a network. Next, an electronic mail address is received from the buyer utilizing the network. Payment is then accepted from the buyer for goods being sold by the seller utilizing the network. Thereafter, the payment is held. The seller is then provided with the electronic mail address for shipping the parcel. In operation, the shipping entity is capable of utilizing the electronic mail address to determine a physical mail address of the buyer, and tracking a location of the goods during the shipment thereof. Only after verification by the shipping entity of the receipt of the goods by the buyer is the payment released to the seller.