US Patent:
20110313895, Dec 22, 2011
Inventors:
Danny K. Choi - Costa Mesa CA, US
Melinda A. Choi - Costa Mesa CA, US
International Classification:
G06Q 40/00
Abstract:
A method for discounting costs of credit card processing for merchant participants is disclosed. A first account is associated with a first one of the merchant participants, and a unique referral identifier may be assigned thereto. A request to process one or more credit card transactions on behalf of the second one of the merchant participants is transmitted along with the referral identifier. The credit card transactions have a cost differential, from which a first fee reimbursement value is derived. The first account is credited based upon the first fee reimbursement value.
