What is a Bid and BIN price in an auction?

[Nemanja]

When joining of few auction sites and I see they noted about Bid price and BIN price, I want to know what is it.
For example what I am mentioning about



Since I am new to this so needing someone help me.

 

[Rob Whisonant]

Bid = the current amount bid on the item.

BIN = by it now price. You can pay this price and purchase the item without bidding on it.

 

[Nemanja]

Bid = the current amount bid on the item.

When can I get the item after bidding?
if Bid the item but someone BIN it, can I get the money back?

BIN = by it now price. You can pay this price and purchase the item without bidding on it.

I will get the item immediately after BIN?

 

[Rob Whisonant]

If you are bidding on it, you have to be the high bidder at the end of the auction. Then you have to pay for it, then it is shipped to you.

If you use the BIN option, you pay for it right then and the seller ships it to you.