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***Updating Best Offer***

02 November, 2007 | 02:02PM GMT

We thought you’d like to know that we’re updating the Best Offer feature next week.

If you’re a seller listing items in ‘Buy It Now’ format or ‘Shop Inventory Format’, Best Offer is a free feature you can use that lets buyers offer a price they’re willing to pay for your items.

Here’s how we’re making Best Offer even more useful:

• Increased Number of Offers – Buyers in all categories will be able to make up to 3 offers per item (up from 1 offer). This means there’s more chance of agreeing a price. (Buyers of vehicles will continue to be able to make up to 10 offers per item.)

• Counter-Offer – Sellers can make a counter-offer to a Best Offer, instead of simply accepting or declining the original offer.

• Auto Decline – Sellers can set a minimum Best Offer price that they’ll consider for each of their items. All offers below that price will be declined automatically.

• Auto Accept – Sellers can set rules for each of their items to accept offers automatically if they’re above a certain price. You can manage offers much more efficiently by using this with the ’auto-decline‘ option.

We’ve also made a couple of minor changes after getting your feedback. Firstly, the offer counter now resets when an item ends. Secondly, we’ve fixed the problem with the way we show the expiry time of a Best Offer made within 48 hours of the end of a listing, so that the expiry time matches the listing end time.

Regards,

The eBay Team

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