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Accepting and then refusing a BIN

13

Comments

  • lulu650
    lulu650 Posts: 1,158 Forumite
    Part of the Furniture 1,000 Posts Name Dropper
    Crowqueen wrote: »
    If you had wanted more for the item you should have waited not accepted the first offer made

    Or used an auction since with a BIN you sell at the fixed price rather than accepting offers anyway.......

    It was an auction but I accepted a BIN offer. The second person is a dealer who told me exactly what the item was and I went "internet exploring" to find out more information.

    I understand what pseudopensioner means, but the bank crediting you with someone else's money is a completely different scenario.
    Saving money right, left and centre
  • Crowqueen
    Crowqueen Posts: 5,726 Forumite
    lulu650 wrote: »
    It was an auction but I accepted a BIN offer. The second person is a dealer who told me exactly what the item was and I went "internet exploring" to find out more information.

    I understand what pseudopensioner means, but the bank crediting you with someone else's money is a completely different scenario.
    Then by accepting the BIN offer that's a legal contract.

    There's a lot of nonsense spouted about contracts and legality on eBay, as if normal rules don't apply "because it's only eBay", but basically if you accept payment for something, then that's a legal contract.

    Again, not getting at you, it's just that people think eBay is somehow exempt from normal standards of trading behaviour, and it's not.
    "Well, it's election year, Bill, we'd rather people didn't exercise common sense..." - Jed Bartlet, The West Wing, season 4

    Am now Crowqueen, MRes (Law) - on to the PhD!
  • macfly
    macfly Posts: 2,728 Forumite
    Your wages you have earned are legally entitled to, you therefore have legal redress with which to claim payment. Possible/potential gain is a completely different ball game.

    I think you just like picking holes and argueing for arguments sake.

    I do live in the real world, and as such I abide by the law and by the moral standards which are common to most decent people.

    .

    The comment wasn't aimed at you.
    We were talking about loss or gain, not legalities. The ball game is the same. You wouldn't sell me a house you bought thirty years ago for the same amount you paid or anywhere near that. This Pollyanna statement "you haven't lost anything, just sold it for less than you could have" is tripe. The OP had an actual offer of more money. Her conscience told her to refuse the better offer. That deserves credit, not a comment of "you never really had the money anyway".
    Your £25,000 example is just fluff. You would have been comitting a criminal offense and would have been caught.
    I would have sold to the second bidder, with a clear conscience. The first bidder will have known exactly what they were buying and have deliberately taken advantage of your lack of knowledge.
    How is that moral?
  • macfly
    macfly Posts: 2,728 Forumite
    Crowqueen wrote: »
    Then by accepting the BIN offer that's a legal contract.

    There's a lot of nonsense spouted about contracts and legality on eBay, as if normal rules don't apply "because it's only eBay", but basically if you accept payment for something, then that's a legal contract.

    Again, not getting at you, it's just that people think eBay is somehow exempt from normal standards of trading behaviour, and it's not.

    That is speculation. It has never been tried in a court. Good luck to the first person who does. There are many cases of large internet retailers not honouring purchases when they have made a pricing error, they just refund the money. By refunding, they demonstrate the payment has not been accepted.
  • Sublime_2
    Sublime_2 Posts: 15,741 Forumite
    For your own conscience honour the contract then.

    I always have, but would never offer a BIN for less tham my item was worth.
  • pseudopensioner
    pseudopensioner Posts: 638 Forumite
    Part of the Furniture 500 Posts Combo Breaker
    edited 11 January 2011 at 3:10PM
    macfly wrote: »
    Your £25,000 example is just fluff. You would have been comitting a criminal offense and would have been caught.
    I would have sold to the second bidder, with a clear conscience. The first bidder will have known exactly what they were buying and have deliberately taken advantage of your lack of knowledge.
    How is that moral?

    It was £20,000 to be precise, and yes, had I been tempted, ultimately I would have paid a price, albeit I may have made a little profit meantime, I wasn't tempted although I still wonder " if only".

    I hope that you are as understanding to the next person who 'diddles' you because they got a better offer, then again, from your posts I'm sure you are used to that sort of behaviour. "As ye sow, so shall ye reap" comes to mind.

    Ebay is a strange market at times, but some things remain constant, some buyers /sellers win and some lose. As long as the dealings are honest, I don't have a problem. Maybe the occasional regret for a loss tempered by the euphoria of a gain. Don't suppose it's much different to a bricks and mortar auction house in many respects, exept that there, you have the opportunity to physically examine the items.
  • macfly
    macfly Posts: 2,728 Forumite
    From my posts???? I've never complained about being "diddled". Don't go all biblical on me either. Anyone who thinks there is some sort of balance in the universe needs to get out more.
    My point is that the OP deserves credit for going through with the sale, not some moral lecture or ill informed legal advice.
  • George666
    George666 Posts: 527 Forumite
    Hi OP the old saying a bird in the hand is worth two in the bush comes to mind here.
    You say your second buyer the helpful dealer offered you more than your buy it now buyer who had paid you.
    The second buyer only offered money who is to say that they would have paid you what they offered.
    That is why I would think about it this way if I made a profit from the buy it now buyer and had that money in my hand then I would be happy with my very real profit.
    Real money in your hand is always worth more than an offer of money that may never end up in your hand.
    Dealers always say one thing then will ask a million questions then say the item is not what they thought it was or there is a problem with its quality and knock the price down knowing you have lost a very real customer who paid and therefore will now want a sale.
    You have done the right thing OP as you now have real money in your pocket not just the promise of money at a later date that you may not have got.
  • lulu650
    lulu650 Posts: 1,158 Forumite
    Part of the Furniture 1,000 Posts Name Dropper
    Thanks George, my family have pointed that out to me too. :)
    Saving money right, left and centre
  • terra_ferma
    terra_ferma Posts: 5,484 Forumite
    macfly wrote: »
    If I get bad service in Boots, it doesn't put me off shopping in Marks next door.

    Exactly, if you get bad service in Boots it will put you off shopping in Boots. If a buyer gets bad service on ebay, they will stop buying on ebay.

    How many people do we hear saying: I bought this in macfly's ebay shop or bought this from terra and they scammed me...
    .... and how many people ever here do we hear saying 'ebay is a joke, full of cheating lying dishonest scammers....

    most people buy on ebay, not from individual buyers, they come on ebay looking for something and will buy from any seller that provides what they want (low price/good service/high fb).
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