Party payment system
Systems and methods are disclosed herein which that enable a first party, such as a child, to selected one or more items offered by an online retailer and to send a request to a second party, such as a parent or guardian, to request that the second party purchase the item or items for the first party. The systems and methods provide the second party with the ability to view requests received from the first party, to set limits on the number of requests and the amounts of the requests that the first party may make. The second party may also designate the parties to whom the first party may submit purchase requests. The child may also submit request to one or more non-parental contributors who may contribute money toward the purchase the one or more items for the child.
1. A computer-implemented method for processing payment requests from a first person to a second person and a third person, the payment request requesting that the second person or the third person pay for an item being offered for sale by an online retailer for the first person, where one or more processors are programmed to perform steps comprising:
receiving an electronic third party payment request at the one or more processors from the first person to request that one or more of a plurality of third persons fund the purchase of an item from an online retailer for the first person, wherein the second person can be one of the plurality of third persons;
sending an electronic payment authorization request to each of the plurality of third persons from the one or more processors;
receiving a first authorization to pay a first portion of the purchase from a first of the plurality of third persons;
holding the first authorization in a pending status until a second authorization to pay a remaining balance of the purchase is received from a second of the plurality of third persons; and
processing the first authorization and the second authorization at the one or more processors to purchase the item from the online retailer by charging the first of the plurality of third persons and charging the second of the plurality of third persons.
2. The method of claim 1 further comprising
processing a payment for an amount identified in the third party payment request using a funding source provided by the first of the plurality of third persons;
receiving the funds in an escrow account; and
transferring the funds from the escrow account to an account associated with the online retailer; and
notifying the online retailer to process a suspended transaction associated with the third party payment request.
3. The method of claim 1 , further comprising
declining the third party payment request to purchase the item if the payment authorization response indicates that the first of the plurality of third persons has declined to pay for the item.
4. The method of claim 3 , further comprising
notifying the online retailer to cancel a suspended transaction associated with the third party payment request.
5. The method of claim 1 wherein the third party payment request includes a message from the first person to the plurality of third persons.
6. The method of claim 1 wherein the third party payment request is received from the online retailer, and wherein the online retailer is configured to suspend a transaction for purchasing the item until a response to the third party payment request is received.
7. The method of claim 1 wherein the retailer is a service provider and the item is a service.
8. A computer-implemented method for processing payment requests from a first person to a second person and a third person, the payment request requesting that the second person or the third person pay for an item being offered for sale by an online retailer for the first person, where one or more processors are programmed to perform steps comprising:
receiving an electronic third party payment request at the one or more processors from the first person to request that one or more of a plurality of third persons fund the purchase of an item from an online retailer for the first person, wherein the second person can be one of the plurality of third persons;
sending an electronic payment authorization request to each of the plurality of third persons from the one or more processors;
receiving a first authorization to pay a first portion of the purchase from a first of the plurality of third persons; and
holding the first authorization in a pending status until an authorization to pay a remaining balance of the purchase is received.
9. The method of claim 8 further comprising
processing a payment for an amount identified in the third party payment request using a funding source provided by the first of the plurality of third persons;
receiving the funds in an escrow account; and
transferring the funds from the escrow account to an account associated with the online retailer; and
notifying the online retailer to process a suspended transaction associated with the third party payment request.
10. The method of claim 8 , further comprising:
declining the third party payment request from the first person if the payment authorization response indicates that the first of the plurality of third persons has declined to pay for the item.
11. The method of claim 10 , further comprising:
notifying the online retailer to cancel a suspended transaction associated with the third party payment request.
12. The method of claim 8 wherein the retailer is a service provider and the item is a service.
13. The method of claim 8 wherein the third party payment request is received from the online retailer, and wherein the online retailer is configured to suspend a transaction for purchasing the item until a response to the third party payment request is received.
14. A system for processing payment requests from a first person to a second person requesting that the second person pay for an item being offered for sale by an online retailer for the first person, the second person having the authority to make purchasing decisions for the first person, the system comprising:
a computer readable storage device for storing computer executable programmed modules;
a processor communicatively coupled with a computer readable storage device for executing programmed modules stored therein;
a request processing module configured to
receive an electronic third party payment request from the first person to request that one or more of a plurality of third persons fund the purchase of an item from an online retailer for the first person, wherein the second person can be one of the plurality of third persons,
send an electronic payment authorization request to each of the plurality of third persons,
receive a first authorization to pay a first portion of the purchase from a first of the plurality of third persons, and
hold the first authorization in a pending status until an authorization to pay a remaining balance of the purchase is received; and
a payment processing module configured to
process received authorizations to pay for the purchase.
15. The system of claim 14 wherein the payment processing module is further configured to
process a payment for the first portion of the purchase authorized by the first of the plurality of third persons using a funding source provided by the first of the plurality of third persons;
receive the funds in an escrow account; and
transfer the funds from the escrow account to an account associated with the online retailer; and
notify the online retailer to process a suspended transaction associated with the third party payment request.
16. The system of claim 14 , further comprising
an account manager module configured to
create a user account for the first person, the account having associated therewith a set of permissions that impose limits on the number of third party requests over a specified period of time and an upper limit on an amount of each third party request that the first person may make, and
create a supervisor account for the second person, the supervisor account having the ability to set the permissions associated with the first person's user account.
17. The system of claim 16 , wherein the supervisor account can also limit which people to whom the first person may send third party payment requests.