Offers for Buyers

What is a Binding Offer?

A binding offer is an agreement between the buyer and the seller to purchase the listing and to ship the listing, respectively. When a buyer makes a binding offer and the seller accepts, the sale is finalized and the buyer is charged for the item.

The offer minimum now compares the offer, including the shipping cost, to the listing price. 

How do binding offers work?

When you send a binding offer, you are committing to pay if the seller accepts. If the seller accepts, your payment will be automatically processed (barring certain circumstances) and the item will be yours! 

Binding offers let sellers know you’re serious. Because you’re committing to purchasing the item, the seller is more likely to accept your offer—which means you’re more likely to get your item for a better price.

How do I benefit from Binding Offers?

Binding offers streamline the buying and selling process by allowing buyers and sellers to negotiate more effectively. Why are binding offers better than non-binding offers?

• Binding offers encourage serious, well-balanced negotiations 
• Binding offers streamline transactions
• Buyers receive the items they want for better prices

How long does the seller have to accept?

The seller has 24 hours to accept your binding offer or make a counteroffer. After 24 hours, if the seller hasn't responded, countered, or accepted, your binding offer will expire and you will not be locked into the sale.

Can the seller still accept my binding offer after countering it?

If the seller sends you a counteroffer, your previous binding offer is automatically voided. When you receive a counteroffer, you can either purchase the item at the counteroffer amount or continue negotiations and make a new counteroffer back to the seller.

Can I cancel a binding offer at any point?

 No—it is not possible to cancel an active binding offer. An offer becomes active as soon as it is sent.

The seller accepted my binding offer, but my payment could not be processed.

If your payment cannot be processed, the order cannot be completed. Your binding offer will be voided and the seller cannot accept your offer again. You’ll have to make a new binding offer.