All offers on Grailed are Binding Offers (other than offers made through PayPal Guest Checkout, if the seller is on PayPal Adaptive Payments, or if both the buyer and the seller are located in the EU), which means a buyer is obligated to purchase an item if their offer is accepted.
What is a Binding Offer?
A Binding Offer is an agreement between the buyer and the seller. When a buyer makes a Binding Offer and the seller accepts, the sale is processed instantly.
How do I benefit from Binding Offers?
Binding Offers streamline the buying and selling process by allowing buyers and sellers to negotiate more effectively. Why are Binding Offers better than non-Binding Offers?
- Binding Offers encourage serious, well-balanced negotiations
- Binding Offers streamline transactions
- Buyers receive the items they want faster, and at a price they feel good about
- Sellers make sales quicker
What is the difference between a Binding Offer and a non-Binding Offer?
- When a buyer makes a Binding Offer on an item, they’re committing to purchase that item, at the amount offered, if the seller accepts. Accepting a Binding Offer completes the purchase.
- When a buyer makes a non-Binding Offer, they are not committed to purchasing the item if the seller accepts. Accepting a non-Binding Offer does not complete the purchase and requires the buyer to pay for the item afterward.
Can anyone make a Binding Offer?
There are certain situations in which we cannot support Binding Offers:
- PayPal Guest Checkout
- If the seller is on PayPal Adaptive Payments
- If both the buyer and the seller are located in the EU
In the above situations, offers will continue to be non-binding.