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Old 03-06-2005, 07:17 PM   · #1
skyraider
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What's BIN?
Hey,

I assume BIN stands for Bidding Identification Number? If not, what does it stand for? You should add this to the FAQ here IMO.

Thanks.


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Old 03-06-2005, 07:19 PM   · #2
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Buy It Now.

If you are prepared to pay the BIN price consider the name sold (provided you pay up, that is).

ST
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Old 03-06-2005, 07:19 PM   · #3
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BIN = Buy It Now

This is the price at which the seller immediately stops the auction, and sells to the one who bid the BIN price.
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Old 03-06-2005, 07:28 PM   · #4
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It it also a good estimate of what the seller's reserve price is. Usually the reserve is within a certain percentage (below) the BIN price in my experience (not going to calculate the percentage right now, but i know how much when i see a bIN price
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Old 03-06-2005, 07:32 PM   · #5
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Originally Posted by Coastalguy
Buy It Now.

If you are prepared to pay the BIN price consider the name sold (provided you pay up, that is).

ST





Originally Posted by armstrong
BIN = Buy It Now

This is the price at which the seller immediately stops the auction, and sells to the one who bid the BIN price.



Both terrific answers!

Also, from a Snipers point of veiw...............Nice work!
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Old 03-06-2005, 07:36 PM   · #6
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Originally Posted by robertjr
Also, from a Snipers point of veiw...............Nice work!



Indeed, BIN is the sniper's worst enemy.
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Old 03-06-2005, 07:40 PM   · #7
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Originally Posted by armstrong
Indeed, BIN is the sniper's worst enemy.






OK...OK....That's enough of the definitions for the day!
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Old 03-06-2005, 08:45 PM   · #8
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Old 03-06-2005, 09:18 PM   · #9
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Bidding Identification Number?
Hm... sounds complicated, lucky no one developed such a system yet

Originally Posted by skyraider
Hey,

I assume BIN stands for Bidding Identification Number? If not, what does it stand for? You should add this to the FAQ here IMO.

Thanks.

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Old 03-06-2005, 10:02 PM   · #10
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BIN, as stated.. is the same as if you've ever used Ebay

It's a Buy it Now price, meaning bidding is over at that price, and it becomes an instant purchase.
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Old 03-06-2005, 10:13 PM   · #11
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In most live auctions they usually use a bidder identity number or code, although I've never heard it referred to as a BIN. Here, or at most of the online auction sites, its as described above BIN = "buy it now".
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Old 03-07-2005, 02:42 AM   · #12
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Better Invest Now

of course its also our most wanted osama's middle name which means "son of"
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Old 03-07-2005, 09:34 AM   · #13
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Originally Posted by kw31
Bidding Identification Number?
Hm... sounds complicated, lucky no one developed such a system yet



ebay did - ebay listing number.........

lol
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