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What
is the Buy It Now Option on eBay?
Buy It Now, also commonly referred
to as BIN, is an option sellers can add to their auction. In addition
to the opening bid price (and the reserved price, if applicable) sellers
can add a Buy It Now price for a small additional fee.
The BIN price is a fixed price
- if a bidder comes along and decides she would rather pay the BIN price
to guarantee herself the item, rather than try her luck and bid at the
lower price, she clicks the BIN, and when she confirms her username, password
and auction details, the auction will automatically end and she declared
the winner.
The Buy It Now price is only
available until the first bid is made, or if it is a reserved auction,
it is only available until the reserve price is met.
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