What does bin mean on eBay?

What does bin mean on eBay?

Buy It Now
For Ebay Sellers, Buy It Now (BIN) May Be The Costliest Mistake.

What is a bin listing?

The first 6 digits of a credit card number are known as the Issuer Identification Number (IIN), previously known as bank identification number (BIN). These identify the institution that issued the card to the card holder. Online merchants use bin list to help validate credit card transactions.

How do you deal with Lowballers?

How to deal with lowballers

1. Just decline and block them.
2. Don’t respond at all.
3. Nicely tell them that their asking price is too low, and make a counter-offer.
4. Always be respectful.
5. Put a note in your listing and make it clear that “no negotiations are allowed” or “lowballers will be blocked”.

What is scammed on eBay?

Broken/fake/counterfeit scam You don’t always get what you pay for. Perhaps the largest scam on eBay is the scam of shipping a falsely advertised item. Examples include fake, counterfeit, broken, or damaged items. “As with most things, if it’s too good to be true, it probably is.

What does bin mean on buying and selling?

Commonly used in Auctions, a Buy It Now is set at the sellers desired asking price. When a buyer makes an offer through the Buy It Now (BIN) the seller can accept that offer and the listing is considered sold to that buyer.

What is bin price?

BIN means “Buy It Now “. When an item is being offered with a BIN price and in an auction, buyers can choose to either pay the BIN price to purchase the item immediately, or to place a bid and compete in the auction.

What does pre bin mean in thrifting?

What does bin mean in auctions?

Buy-It-Now
Buy-It-Now (BIN) auctions, or auctions that allow bidders to buy a product at a posted price, are ubiquitous in online auction markets.

What is considered a low baller?

A low baller is someone who offers so much less than something is listed for that it can be an insult, sometimes in the hopes that the seller will take a slightly higher price that’s still less than the listing price.

Can you lowball on Poshmark?

For Poshmark sellers, these features include different ways to adjust pricing which is convenient when you have to deal with the unfortunate fact that you’ll get lowball offers when you sell clothes, accessories, and home goods on retail marketplaces like Poshmark, Mercari, and eBay.

Is it possible to sell items on eBay with a bin?

Selling is not a priority at ebay, LISTING is. WHAT IS THE PURPOSE OF A BIN ON AN AUCTION? 10-24-2013 06:33 AM The 1450 items ended with “ONE” BIN sale and a half dozen auction sales at the starting price. WAY down from what I used to sell when the BIN was 10%, WAY DOWN.

What is a bin price and how does it work?

Actually, the purpose of placing a BIN price on an auction listing is to give potential buyers the choice of either engaging in an auction where the item is sold for the price arrived at through competitive bidding or by purchasing it outright at the asking price set by the seller.

Do bids make the bin disappear with first bid?

It would not be so bad if the BIN did not disappear with first bid, but you can alwasys pay the $3 for a Reserve (not smart on a ten dollar item) Example Start $70 BIN $100 Reserve $99. Bids will now not make BIN disappear and you can always lower the reserve. WHAT IS THE PURPOSE OF A BIN ON AN AUCTION?

How much should I bid on bins?

BIN should be your goal price. Sart should be your absolute bottom, When these are closer than 30% go fixed. It would not be so bad if the BIN did not disappear with first bid, but you can alwasys pay the $3 for a Reserve (not smart on a ten dollar item) Example Start $70 BIN $100 Reserve $99.