|Wed Mar 20 2019 10:54:37|
eBay Gives Buyers Greater Flexibility when Haggling
By: Ina Steiner
eBay buyers are able to haggle with sellers through the Best Offer feature, and eBay announced Tuesday it will give buyers the ability to specify the expiration of their offer. "We believe this change will increase the use of Best Offer and create additional sales opportunities for sellers that use it," eBay said.
The expiration periods (12, 24, and 48 hours) will require a seller response prior to expiration in order for the transaction to remain valid.
"This will benefit buyers who have to make a decision on their purchases within a shorter time frame, and allow them to consider listings they may otherwise have passed over," it further explained.
Because eBay is rolling it out to a "select group" of buyers as it prepares to launch the new feature, it advised sellers that they might begin to see offers with shorter expiration periods.
eBay also reminded sellers they can set up auto accept and decline thresholds. "You can automatically accept any offers that are above a $ amount or automatically decline offers that are below a $ amount. You can set automation options for your listings with the listing tools and on the "manage offers" page."
Sellers who use the Quick Listing tool have had to accept offers; do you think eBay will eventually make it mandatory for all sellers?
Let us know what you think of Best Offer and of the new functionality eBay is providing buyers.
During today's eBay Weekly Chat session, a seller asked, "If I receive a 12 hour offer from a buyer, do I have a choice of duration for my counter offer?" An eBay moderator responded
, "this is a good question we've been looking for an answer on today - we're still waiting to get more detail but I'll update you as I hear back on this one!"
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