One of the things I like about my website is that transactions are clean and simple without that tiresome bargaining that goes on at my market stall. But that may all change if Amazon has its way.
is that incredibly successful website that sells just about anything and often
at the cheapest price available. They have just patented a method of online
haggling that will attempt to mirror a face to face exchange. The system allows
buyers and sellers to make offers and counter-offers until a deal is reached or
abandoned. To keep things in line a points system measures how each participant
conducts themselves, so as to avoid things like false claims from suppliers and
time-wasting from buyers.
The idea is only at patent stage but would add a
new dimension to online buying if introduced.