Home Shady Lane

Retailers, Manufacturers, ePay, AudiogoN, Paypal or whatever. Buying and selling advice.

Re: I am not going to advise you one way or the other, BUT ...

"I have received several of these legitimate second chance offers, have bought them all and have not had a problem yet."

Dean:

I have never been involved in a "Second Chance Offer", but I'm a little skeptical of them. As someone mentioned above, how does one know that the original high bidder was not just a shill? I would guess that this is just as likely as a non-paying bidder.

Also, how is the Second Chance Offer price determined? Example, if the original "winning" amount is $1000 and your bid was $990 and the next high bid was $500, what is the Second Chance Offer price? IMO, it should be much closer to $510 (one bid increment over the third highest bid), then $990.

I assume the seller sets the Second Chance Offer price, but it should be based off the third highest bid, not your second high bid.

Gerry


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