posted on December 8, 2000 06:15:37 PM new
I have 2 questions related to the Buy it Now (BIN) feature. If anyone knows the answer or has encountered a similar situation, I would appreciate your input.
As you should know, if you bid on an auction where there is a BIN price, the BIN option goes away and it becomes a regular auction. My questions are:
1) What happens if the first bid is withdrawn? Does the BIN price comes back on?
2) If it does, is "ethical" or even "legal" as a buyer to withdraw your bid and then use the BIN?
posted on December 8, 2000 09:24:46 PM new
I had a similar situation:
Bidder placed BIN bids on 2 of my auctions & meant to do the same on a third, but placed a regular bid & asked me what to do. I cancelled her bid, which restored the BIN price & option & she was able to use BIN.
(I figured that if the BIN option was not restored I could always cancel the auction, but I didn't have to.) Not sure what happens if the bidder retracts, though...
posted on December 9, 2000 09:01:25 AM new
Thank you both for your answers. Now I know how it works on the technical side (the first question).
Since the BIN price comes back after a bid withdrawal, what do you think as a seller, if a buyer withdraws his bid in order to Buy it Now?
For myself, as a seller, I think it would be fair, since when I use a BIN price, I accept it as a fair price to sell. But now, as a buyer, do you think you should contact the seller first? Is it allowed by eBay?
posted on December 9, 2000 02:03:33 PM new
I bid on an item....and then saw that the same seller has BIN on other auctions of the same thing, for the opening bid price, but not on the auction I bid on.
Well, I cancelled my bid (first time ever for me!) and did the buy it now on another of her auctions for the same thing. In the explanation for the bid cancellation, I stated the above. She emailed me, and said, not a big deal.
That's kind of similar to what you are asking.
Karen
PS I got the item before the first auction would have ended, and its a Xmas gift, so I'm glad.
