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Reply to "Anyone do best offer?"

I'm pretty curious about this feature. I really like the idea of having the ability to haggle with the seller a bit. But I've got a couple of questions:

1. What does eBay charge to use Best Offer?

2. Is it really as simple as one click to deny? I guess what I'm really wondering is is it set up so that you can add a personal note and does it seem impersonal if you don't? I think if I made an offer to a seller and got a canned rejection I might be a little put off (although I've never tried it to see how it works).

3. Can you set it so that offers below a certain minimum get an automatic decline and you don't have to mess with it? And, if so, is that on a per-item basis or can you set an across-the-board percentage?

Thanks!
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