A Buy It Now or 'BIN' enables a listing to be sold immediately.
- Sellers: Place a Buy It Now at your desired asking price to enable an immediate purchase at that value
- Buyers: Make an offer via a Buy It Now to purchase the listed asset or business immediately at that value
By placing a Buy It Now, sellers are able to make a listing immediately purchasable for a specific amount.
Commonly used in Auctions, a Buy It Now is set at the sellers desired asking price.
When a buyer makes an offer through the Buy It Now (BIN) the seller can accept that offer and the listing is considered sold to that buyer. If there is an auction currently in progress that auction will end and the payment process will start.
Please not that you cannot make a BIN offer via PayPal over $1000, this will automatically cancel.