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Help > Exchange Offer Types
Types of Exchange Offergo to Help:Contents 
There are 2 types of exchange offer (see What is an Exchange Offer?):
  • Cash Offer: Interested buyer(s) specify the cash amount that they are willing to offer for the item. Buyer and seller have the ability to negotiate this offer by making counter-offers. See details.
  • Exchange Offer with an Item or a Listing: Interested buyer(s) specify an item they are willing to exchange for the listed item. This can be done either by specifying the details of the item or by specifying an item that the interested buyer currently has listed on KidMax. Interested buyer(s) have the ability to add/subtract cash with this type of offer to negotiate a fair deal. See details.
Seller specifies the type of offer he/she is willing to consider from interested members for the listing.
Both types of offers can be accepted for 'Exchange Offer' listings and 'Fixed Price Sale / Will consider offers' listings.
 
Cash Offer
  • Seller selects 'Cash Offers' as a type of offer he/she is willing to accept. Seller has an option to specify the minimum cash offer for the listing.
  • Interested members/buyers submit cash offer to the seller. This offer and all fields specified in the offer are per 1 (one) unit of the item specified in the listing.
  • An cash offer thus submitted becomes a pending offer.
  • Seller and interested buyer can Comment/Question on and make counter-offer(s) to the negotiate the final offer price.
  • Seller can reject a pending offer anytime. Buyers can also cancel/withdraw their pending offer anytime.
  • If the party to whom the offer/counter-offer is made, accepts the offer, offers becomes accepted and the both parties are obligated to complete the transaction.
  • The final/accepted price of the offer is the value of the last offer made to the trading partner who accepts the offer. For example, a member (Buyer) makes a cash offer for US $10. The seller makes a counter-offer for US $11. At this point, if the seller accepts the offer, the final/accepted price would be US $10 (last offer made to the seller). However, if the buyer accepts the offer, the final/accepted price would be US $11 (last offer made to the buyer).
  • A pending cash offer expires when the listing for which it was made expires.
  • If at the time of accepting an offer, the item in listing is not available in the quantity specified in the offer, the offer will become invalid and no further action can be taken by the seller or the buyer.
 
Exchange Offer with an Item or a Listing
  • Seller selects 'Exchange Offers' as a type of offer he/she is willing to accept.
  • Interested members/buyers submit exchange offer to the seller. Exchange offer can be submitted by:
    • writing details of the offered item (Exchange Offer with an Item) or
    • with an active listing of interested buyer (Exchange Offer with a Listing)
    This offer and all fields specified in the offer are per 1 (one) unit of the item specified in the listing.
  • Note that only listing of interested buyer that are currently active and are listed for sale of types 'Exchange offer' or 'Fixed Price Sale / Will consider offers' are allowed to be sumbitted in 'Exchange Offer with a Listing'. Interested buyers can select from these listings from a dropdown in 'Make an offer' page.
  • Submitting an 'Exchange Offer with a Listing' is the preferred way to submit an exchange offer. This is because:
    • It allows interested buyer to submit exchange offers to as many listings as he/she pleases after writing details of the item once.
    • If the number of units of the offered item run out (either because they are sold or because the exchanged offers submitted with the listing are accepted), the exchange offers where the units can not be reconciled will become invalid.
  • Seller and interested buyer can Comment/Question on the offer.
  • Buyer can add/subtract cash to the offer. This facilitates in negotiating the final offer.
  • Seller can reject a pending offer anytime. Buyers can also cancel/withdraw their pending offer anytime.
  • If the seller accepts the offer, offer becomes accepted and the both parties are obligated to complete the transaction.
  • A pending 'Exchange Offer with an Item' expires when the listing for which it was made expires. A pending 'Exchange Offer with a Listing' expires either when the listing for which it was made expires or when the listing with which it was made expires, whichever comes first.
  • If at the time of accepting an offer, the item in listing can not be reconciled with the quantity specified in the offer, the offer will become invalid and no further action can be taken by the seller or the buyer.
See also
Exchange Offer
How to Sell?
Types of Sale
 
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