Amazon is the new eBay … sort of.
Amazon (Tech30) has a new feature called “make an offer” that allows customers to place bids, rather than buy outright. But unlike Ebay, ( , Tech30) it’s a one to one bid where the customer haggles privately with the seller.,
“The ‘make an offer’ feature is not an auction format,” said Amazon, in a press release. “The intention is to lower prices, and a customer negotiating with a seller will never pay more than the listed price.”
This works in the opposite of an auction, where the price goes up as multiple customers bid on an item.