Searete LLC (Bellevue, WA)

A method and system allows for the use of credit arrangements in simulated environments. Participation in credit transactions which are based on virtual products, services, or virtual items can be done by the user. The customer is able to receive feedback about the outcomes of the credit transaction. Multiple users may be able to make simulated purchases, incur credit obligations and make compensation for owed debts or balances. The user is also offered the possibility to participate with real-world financial transactions related to the virtual credit arrangement. Multiple players can use the same system and method to resolve or arrange a virtual credit transaction. One of the advantages of a virtual charge account service accessible to use in a fictional world scenario, wherein a credit statement is a source of various fees that can be valued in fictional money, real-world money, or non-monetary fictional world value tokens.

Modern financial systems in the world have many methods of purchasing things of value. Checking accounts, charge accounts, credit cards, and debit cards are all standard methods of engaging in financial transactions and not needing toexchange cash or currency as part of the financial transaction.

Many virtual worlds have imaginary characters who take part in fictional transactions, activities, and events. There are educational and entertainment benefits to creating innovative and challenging ways to relate virtual worlds to real-world ones.

Different embodiments described herein offer the system and procedure for creating credit transactions within a fictional world environment wherein the virtual credit account service is available to any person who is a participant in the fictional environment.Virtual transactions are accepted and credited to a virtual credit account for purchases in the fictional world, and a billing statement can be issued to the person who has the virtual credit account.

Based on the situation the billing statement could be permitted to be sent to a genuine world address of the participant. Also such billing statement may be allowed to be sent to an imaginary address outside the world of the participant.

One aspect provides a virtual charge account service available for use in a fictional world environment that includes a billing statement, which charges various fees to a user who purchases the virtual charge account. Such virtual charge account feesmay be valued in fictional money, real world money or non-monetary fictional world value tokens.

Some embodiments are implemented in the form of a computer program that includes at least one computer program for executing a computer process providing a virtual charge account service in a fictional world environment in which an authorized fictional world transaction using the creation of a virtual credit account can be completed. A statement of billing for charges due to an authorized transaction in a fictional world is sent.

A system that handles virtual credit transactions can include additional features. This virtual world could allow virtual transactions to involve purchase activities. The fictional world environment mayinclude the possibility of a virtual credit card for use with the purchase. The system includes a database record to record the purchase as well as an output device which can be coupled with the database record to communicate obligations arising out of the purchase to the person or entity accountable for virtual credit account obligations.

One system embodiment includes an output device which transmits the billing statement in a fictional world environment to the entity or person responsible for payment obligations for the credit card virtual account. The output device might deliver a statement of billing to the virtual credit card account’s owner or organization for receipt in the real world.

These virtual credit transactions, described herein for illustration, may be concluded and concluded by a variety of people and/or entities depending on the advantages that could be gained from the designs and implementations that could be desirable by the parties as well as the credit institutions as well as the participants.

Additional characteristics, features, and advantages will be understood by those who are skilled in the art by the following drawings and detailed description of the various examples and preferred examples.

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