Summary

  • 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
  • Accepting and Rejecting BIN bids

Details

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.

Accepting and rejecting BIN bids

The process for accepting or rejecting BIN bids depends on whether the seller's willing to accept instant payment via PayPal.

If the seller accepts instant payment through PayPal, BIN bids must be accompanied by an immediate PayPal payment.

The buyer will be prompted to make this payment at the time they make the bid, and the BIN bid will be accepted automatically as soon as Flippa confirms that payment has been made. Note that in the case of e-check payments, the BIN bid is accepted immediately even though the payment will take several days to clear.

If the seller doesn't accept instant payment through PayPal, they'll have 72 hours in which to accept or reject the BIN bid. During this time, other bidding on the property will be suspended.

If the seller doesn't take any action within 72 hours, Flippa will automatically reject the BIN bid and the auction will continue as normal.

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