what is BIN

Discussion in 'General Chat' started by mydeuter, Jun 18, 2007.

Thread Status:
Not open for further replies.
0
  1. #1
    sorry if i ask stupid question .

    what is the definition of BIN ?? :confused:

    i'm newbie
     
    mydeuter, Jun 18, 2007 IP
  2. MeetHere

    MeetHere Prominent Member

    Messages:
    15,399
    Likes Received:
    994
    Best Answers:
    0
    Trophy Points:
    330
    #2
    Buy It now - no need to bid on an auction.
    Take it away with BIN price. :)
     
    MeetHere, Jun 18, 2007 IP
  3. sachin410

    sachin410 Illustrious Member

    Messages:
    6,422
    Likes Received:
    573
    Best Answers:
    0
    Trophy Points:
    410
    #3
    It is an auction term.

    BIN = Buy It Now.

    In case, an seller puts in a BIN price in an auction, any buyer bidding the BIN price wins the auction.

    The seller will stop accepting bids if BIN price is reached.

    A seller usually put a BIN price a little higher than what he thinks is the fair value of the item.
     
    sachin410, Jun 18, 2007 IP
    MeetHere likes this.
  4. Creativity11

    Creativity11 Banned

    Messages:
    207
    Likes Received:
    1
    Best Answers:
    0
    Trophy Points:
    0
    #4
    Its Buy it now ....You can place your bid if anyone wants to sell his item and you are interested in buying that thing.
     
    Creativity11, Jun 18, 2007 IP
  5. Smyrl

    Smyrl Tomato Republic Staff

    Messages:
    13,740
    Likes Received:
    1,702
    Best Answers:
    78
    Trophy Points:
    510
    #5
    Question answered. Thread closed.
     
    Smyrl, Jun 18, 2007 IP
Thread Status:
Not open for further replies.