All offers are "verified offers". A verified offer is essentially like making the Dealer an "All Cash! Sell it now!" offer.
As the buyer, your credit card will be charged for the full sale price when the offer is made and, if the seller accepts the offer, the deal is done. We have found that when presented with a confirmed offer, sellers are often compelled to sell things even cheaper!
To make verified offers as attractive as possible to Dealers, we require:
- All verified offers be at least 50% of the listing price.
- All offers be paid in full by charging your credit card at the time the verified offer is made. If the offer is accepted, the charge stands. If the offer is not accepted or countered, we automatically refund you in full immediately. Upon receiving a verified offer, the Dealer has 72 hours to accept, decline or counter the verified offer.
When an offer is not accepted or countered we release the funds back to the buyer's account immediately. Typically the pending offer charges will simply disappear from your bank or credit card statement vs. showing as a charge and credit. Please note: Depending on your financial institution, the release may take up to 5 days to appear on your account.