| I'm guessing (since I never tried it, or at least don't remember) that "counter" is what you'd use if you like to make a different offer/ change something in the offer that has been made. Like if the person who sent the trade chose the wrong item or amount of money or something, and you see it and want to modify it instead of just denying it. Or something like that. And then your trade partner will need to accept the new/modified trade, if I'm correct.
"Accept" will just confirm that the trade is, well, accepted, and send their part to each person involved.
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