This document describes a system that matches consumers seeking discounts on purchases with credit cardholders seeking cash. The system works as follows: 1. A consumer requests to purchase an item from a merchant for $1,000 and seeks a discount. 2. Credit cardholders bid on providing the $1,000 purchase by accepting a discount (e.g. accepting $949 for a $1,000 purchase). 3. The system selects the credit cardholder providing the largest discount. That cardholder makes the $1,000 purchase using their credit card, the consumer pays the cardholder (e.g. $949), saving money while the cardholder receives cash.

1. System and method for
making a synthetic cash
advance using a purchase
payment exchange
Everything online for less.

2. This
is You,
the
Matchmaker.

3. The Parties.
An online merchant, utility,
etc., who accepts credit card
payments.
A credit cardholder in need of cash.
.
A consumer who wants a
discount on a purchase, or bill
payment.

4. Online
merchant
Credit cardholder in need of
cash.
Consumer seeking
a discount.
The Parties.

5. You could require that the parties have a "verified PayPal
account" to insure that the parties are using their true
identities.
The transmission of funds may be done peer-to-peer, or
outsourced to a licensed money.

6. 1.Consumer wants to buy a ring from the
merchant for $1,000.00.
2. Consumer has $1,000.00 available to
purchase the ring with an electronic funds
transfer (EFT), online checking, or PayPal
account.
3. Consumer wants to get the ring at a discount.
4. Consumer sends you the purchase
information on the ring.
Example

7. YouYou
Customer gives you the purchase
specifics of the item (e.g. Ring)
to buy.
The customer may specify a
minimum acceptable discount.
For example "I do not want to
spend more than $975.00 for the
$1,000.00 ring."

8. YouYou
Who want's to bid on aWho want's to bid on a
$1,000.00 purchase.$1,000.00 purchase.
You email pre-registered money
seekers, purchased leads, or
otherwise advertise the available
cash on your website.
General details can be posted
publicly (e.g. Purchase amount,
type of item (i.e. Ring), time left,
etc.). Persons who are interested
can log on to the website for
further information.

9. YouYou
I will acceptI will accept
$950.00.$950.00.
I will acceptI will accept
$980.00.$980.00.
Credit cardholders bid.
I will accept
$949.00.

10. Alternatively
One or more cash seeking credit cardholders can leave credit
card information with you with standing orders.
For example: The cash seeker may submit "For the next 24
hours, I allow my credit card to be used for any purchase of up to
$500.00. I will accept a 10% discount."
So, in this case, any incoming consumer order that matches that
range can be filled immediately.
Likewise, a consumer with a reoccurring bill (car payment) can
place a standing order and discount amount (e.g. I will pay
$775.00 to the cash seeker who makes my $800.00 car payment).

11. YouYou
You select and notify
the winner (e.g. Credit
cardholder who will accept
the least amount of money)
and the consumer.
$$949.00949.00 Wins!Wins!Terms met !Terms met !

12. YouYou
Online
merchant
You make the
$1,000.00 purchase for
the consumer using the
cash seeker’s credit
card or PayPal account
information.
Credit cardholder may
provide credit card, or
PayPal account, info to
you.
Info given

13. YouYou
Online merchant.
Cashseeker
cardholder makes
purchase for the
consumer.
ALTERNATIVELY
Merchant provides
verification of
payment to you.

14. YouYou
Notify consumer of
completed transaction.
Online merchant
ships ring to
consumer.

15. YouYou
Consumer pays $949.00 to
Credit cardholder (e.g. via
PayPal).
Consumer saves $51.00.
Credit cardholder receives
$949.00 at his credit card's
purchase interest rate, at an
overall cost that is less than a
payday loan or cash advance.

16. Alternatively, instead of you giving $51.00 to the
consumer, you could give $25.00, because the consumer
only requested a discount of $25.00 and you keep
$26.00.

17. ALTERNATIVELY
YouYou
Pay Credit Cardholder
with Consumer's money
previously received.

18. Conclusion
You earn revenues (e.g. membership fee, listing fee,
etc.) from matching consumers and cash seeking credit
card holders via an online exchange. You incur no bad
loan risk.
Credit cardholders can receive cash in exchange for use
of their credit cards (i.e. a synthetic cash advance) that
is cheaper than other short term loan products/services.
Credit card issuers can capture a portion of the payday
loan industry's clientele (a multi-billion dollar a year
industry).