Post #146755 by WillTiki on Mon, Mar 14, 2005 2:38 PM

Best Offer is essentially a Buy It Now where the buyer sets the price, terms etc and the seller has right of refusal. Another way of looking at it is a hidden reserve combined with buy it now but with right of refusal. So, you are correct; it is the way ebay gets their cut from the end it early via email transaction crowd. The plus side is that if you offer a high enough price and you offer is accepted, there is no sniping to worry about.