UNIFIED SUBSCRIPTION SYSTEM AND METHOD FOR REWARDING LOCAL SHOPPER LOYALTY AND PLATFORM FOR TRANSITIONING PUBLISHERS
A purchase-transaction-settled online consumer referral and reward system and method using real-time specific merchant sales information is provided for the advertising publishing industry. The system provides a pay per transaction platform that allows advertising publishers to monetize online and offline print media advertising by tracking and linking ad acceptance events to consummated consumer purchases and reward loyalty of consumers with subscription credits.
1 . A computer implemented system for tracking and reporting offline sales transactions comprising:
an online advertising system;
a computing device comprising:
a memory;
a computer processor;
a service provider component associated with the online advertising system and further comprising a merchant unit, a transaction unit and a consumer unit;
wherein the merchant unit, transaction unit, and consumer unit of the service provider component each contain instructions stored in the memory, that are configured, when executed on the computer processor, to perform a method comprising:
receiving from the online advertising system associated with the service provider component, a sales offer from a particular merchant to a consumer;
tracking a plurality of offline sales transactions;
validating each offline sales transaction to determine if the sales transaction is a validated referral sales transaction for the particular merchant;
charging a commission fee for the validated referral sales transaction to the particular merchant; and
rewarding the consumer for the validated referral sales transaction with a subscription credit.