What is a Bid and BIN price in an auction?

Nemanja

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Nov 23, 2012
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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

bid-bin-price.png

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

Rob Whisonant

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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.
 

Rob Whisonant

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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.
 
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