eBay tweaked its Make an Offer ("Best Offer") feature. Sellers typically have 48 hours to accept an offer, but now buyers can limit their offers to sellers to 12 hours or 24 hours if they feel 48 hours is too long - at least in some listings spotted on eBay.
eBay explains Best Offers on this page
where it wrote:
"Best Offer lets you offer the seller a price you're willing to pay on Buy It Now items. The seller decides whether to accept, reject, or counter your offer."
And, it explains, "The seller has 48 hours to decide whether to accept or reject your offer, or suggest another price. If they choose not to respond to you in that time, or if the listing ends before they respond, then your offer expires."
A reader sent us a link today to an eBay listing where Best Offers are accepted that shows the additional options; clicking a Help icon displays a pop-up that explains, "You can now select how long your offer remains valid for. If you’re in a rush, select a shorter time to get an answer faster!" It offered buyers the option to limit their offers to 12 hours or 24 hours.
He described his reaction from buyer point of view: "As a buyer I view this as a small benefit; though I would prefer the option to specify a number of hours less than 12 (though I'm sure many sellers would not care for that option at all)... 48 hours can seem like an eternity when you're waiting around for a seller response."
He also reminded us of the "Name your price" feature eBay had hinted at during the eBay Open seller conference in July - there's more about it in this August 5th Blog post
Let us know what you think of the new Best Offer durations from the seller point of view - good or bad?
PS: I also found this post
which should be of interest.