What is bin?

**Robin** · 11-07-2008, 11:10 AM

I have seen this word on various domain selling pages. People asked seller about its "bin". But i don't know its meaning.

Can somebody tell me?

Coopey · 11-07-2008, 11:24 AM

'Buy it now'

If a seller quotes a buy it now price and buyer agrees then they're both legally bound (almost everywhere) to complete the sale at that price.

i.e. if a seller says BIN= $500 and a buyer offers the $500 the seller must complete. (He/she would be able to try and negotiate the price upwards).
????: NamePros.com http://www.namepros.com/domain-newbies/531299-what-is-bin.html

Some sellers are afraid of advertising with BIN prices as they feel they may miss out (they think a seller may be prepared to offer $1000 for a name and then see it advertised for less, getting themselves a bargain). In reality, buyers much prefer seeing a BIN price- as even if they're not going to pay it, it is a good basis to begin negotiations...

http://www.namepros.com/domain-newbi...they-mean.html

budhi1976 · 11-09-2008, 11:29 PM

If I am a buyer, BIN is something I will look first, if the number is still within my budget then I will start to bid however if I really want the product (domain / website) then I'll just go with BIN price. The thing is if BIN Price is way out of my budget then I won't even give it a second thought.

11-07-2008, 11:10 AM	THREAD STARTER #1 (permalink)
Robin Along with BatMan.. Join Date: Oct 2008 Location: Web Posts: 1,243 Follow @talkabhi	What is bin? I have seen this word on various domain selling pages. People asked seller about its "bin". But i don't know its meaning. Can somebody tell me?

11-07-2008, 11:24 AM	#2 (permalink)
Coopey Member of the Year Join Date: Aug 2006 Location: London or Casnewydd Posts: 1,777	'Buy it now' If a seller quotes a buy it now price and buyer agrees then they're both legally bound (almost everywhere) to complete the sale at that price. i.e. if a seller says BIN= $500 and a buyer offers the $500 the seller must complete. (He/she would be able to try and negotiate the price upwards). ????: NamePros.com http://www.namepros.com/domain-newbies/531299-what-is-bin.html Some sellers are afraid of advertising with BIN prices as they feel they may miss out (they think a seller may be prepared to offer $1000 for a name and then see it advertised for less, getting themselves a bargain). In reality, buyers much prefer seeing a BIN price- as even if they're not going to pay it, it is a good basis to begin negotiations... http://www.namepros.com/domain-newbi...they-mean.html __________________ For sale on NP: ISA.tv \| 5.gy I was formerly S~, but now I have a proper name. I kept the scone avatar to reassure you. Generate a random password (Want to buy the script/site? PM me) Last edited by Coopey; 11-07-2008 at 11:28 AM.

11-09-2008, 11:29 PM	#3 (permalink)
budhi1976 NamePros Member Join Date: Sep 2008 Location: Indonesia Posts: 164	If I am a buyer, BIN is something I will look first, if the number is still within my budget then I will start to bid however if I really want the product (domain / website) then I'll just go with BIN price. The thing is if BIN Price is way out of my budget then I won't even give it a second thought. __________________ Free Glype Theme Collection, Diabetic Menu Plan, Essential Cooking Spices

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