Auction what is bin

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In the context of stock trading on a stock exchange , the bid price is the highest price a buyer of a stock is willing to pay for a share of that given stock. The bid price displayed in most quote services is the highest bid price in the market. The seller gives you the opportunity to purchase the item right away without waiting for an online auction to end. This means in theory if one buyer agrees to pay this price he is automatically the winner.

For manual auctions you can choose to manually accept BIN it can be useful if you have doubts about the quality of some bidders, and you first want to check them out, or have a chat. Buy It Now can be very useful to shorten auction time. Once choosen, the BIN Buyer becomes the winner and the auction closes. Proxy Bidding is an implementation of an English second-price auction used on eBay , in which the winning bidder pays the price of the second-highest bid plus a defined increment.

It differs from a Vickrey auction in that bids are not sealed; the "current highest bid" defined as second-highest bid plus bid increment is always displayed. I really really wanted to buy something I agree. I used to start auctions at the lowest I would take and then put a BIN price for a little more hoping someone would pay more right away for the item.

I used to be sucessful for the 1st method I mentioned. No wonder they are giving out free BIN things on the auction. Probably no one is using it except for stores. And then ebay has the nerve to state that auctions are way more successful than BINs to boot.

Turn on suggestions. Auto-suggest helps you quickly narrow down your search results by suggesting possible matches as you type. Showing results for. Show only Search instead for. Did you mean:. If the purpose is to encourage bids, that's NOT working either.

I have ONE bid. Message 1 of All forum topics Previous Topic Next Topic. Message 2 of In response to etvideo1ataol. Message 3 of This sig intentionally left blank. Message 4 of In response to fruitacres.