Buyers asking for BIN price

Ivy27

Haven't been on ebay for quite a few years. Over the weekend as it was free listing I listed around 30 items (auction), I had a fair bit to sell after spring clean. At lunch I checked out of curiosity to see if I had any watchers and have received around 20 messages all asking if i'd consider a BIN price. Is there any advantage in doing this that i've missed? Funnily enough not one has yet to put forward a price with there question. Am I right in thinking they are hoping i'll end the auction early, possibly with a cheaper price than I might otherwise have got? How do I politely decline these requests?

Gary123456790

Hi,

Advantage is you could get the cash earlier, but you never know what it might have got. Usually happens on popular items and you would generally get more by letting the auction run.

Just reply to the email or in ebay messages, I usually just say:

'Thankyou for your offer, I havent got a Buy it Now price because I'm not sure what they will fetch and to be fair to all buyers I will just let the auction run. Please bid if you are interested'

or similar.

They usually know what its worth and are hoping you dont and you want the cash quick!

Gary.

Jen_Jen1985

I would reply with something along the lines of:

Thank you for your interest, but I have decided to let the auction run. Good luck if you decide to bid.

If you've had around 20 messages I would definitely let it run and not end early.

xemmax

When I normally get messages like that I invite them to make an offer, and if it's more than I expected then I'll put a BIN on for them. If it's something I'm not sure what price to expect then I tell them I'd prefer to let the auction run.

graspthenettle

Don't forget that if you do go for the buy it now option it has to be at least 40% more than the auction price. Might be worth pointing that out to persistant questioners too.

Ivy27

Thanks, I guess i'm just a bit wary as it's been a while since I tried to sell anything on eBay. 40% more is a decent amount and I don't think that's what they have in mind? Unless it's common knowledge?

techspec

Nearly everything i listed had a BIN until the stupid 40% rule. Now i get pestered daily to add one. So who's gained?

People are happy to pay a bit extra to get it early - but not 40%.

I let one have an item early yesterday. I just upped the start price to the offer price and ended it early. I always ask them to make an offer - don't you state a price - they might really want it.

Todays offer is on an item with bids - like im going to remove the bidders for them.

Some ask if i will sell early - lower than the start price :rotfl:

Ebay - get rid of the stupid 40% rule.

Rhymsta

If you are talking about a 99p start auction with no bids as yet then you can surely set the BIN at anything above £1.40. If you've got a high starting price the 40% rule obviously has more of an impact.
Also, as far as I'm aware you can't add a BIN price once a bid has been placed.

thriftymanc

I had a "question" earlier today for an item I'm selling that just said:

"TENNER?"

Eh? Why are you shouting at me? Tenner what? Of course, silly me, I can only assume that they wanted to know if I would possibly find it within myself to accept a buy-it-now price of ten of your finest English pounds for this delightful item, please and thank you kindly.

I replied with "NAH."

timbo58

Nah ta geezer
lol

Goldiegirl

thriftymanc wrote: »

I had a "question" earlier today for an item I'm selling that just said:

"TENNER?"

Eh? Why are you shouting at me? Tenner what? Of course, silly me, I can only assume that they wanted to know if I would possibly find it within myself to accept a buy-it-now price of ten of your finest English pounds for this delightful item, please and thank you kindly.

I replied with "NAH."

Like it! :rotfl:

I would also have put the questioner on my blocked bidders list, if they're like that just asking a question, heaven knows what they'd be like if things didn't go right