what does BIN mean?

[leonusst]

Dear All,
Sorry,I don't know where is suitable to open this thread....

what does BIN mean?

I often found it on domain with traffic forum....

 

[Rockefeller]

"BUY IT NOW"

The price that you can buy the domain at immediately.

 

[longbiao]

"BUY IT NOW"

The price that you can buy the domain at immediately.

exactly

 

[Deleted member 111831]

What are the rules regarding BIN? I have searched and cannot find them.

If somebody sets a BIN, I accept it, and they receive a higher offer, are they allowed to accept the higher offer?

What if I accept the BIN, are they allowed to post that they will accept higher offers for a period of time before accepting the BIN offer?

Or is the BIN binding?

 

[jdk]

No, if the seller posts a BIN "Buy it now" price for a domain and you post or PM them saying SOLD meaning you will take it at the BIN price, they are obligated to sell it to you at the BIN price.

Most sellers will sell it to you even if someone goes behind you and offers them higher. On this forum you do not see much of that. The only way a seller could resell it is if you say you will buy it now and do not respond for several days. Just be sure to complete all transactions in a decent amount of time and not put them off if you are buying or selling a domain. Most tend to like things completed within 24 hours (due to different time zones).

Best of luck and :welcome:

(And buy the way, this thread is from 2007)

 

[Deleted member 111831]

Ya I found it searching Google and didn't see the need to start a new thread for such a simple question.


Can you or somebody please clarify what you mean by 'obligated'?

The reason I posted this is because on another forum I chose the BIN option and the seller then got a higher offer via PM. He then posted in the thread:

'Thank you for the BIN offer, however I have received another higher offer via PM. If anybody wants to beat this offer in the next day you can submit a new bid, or I will sell it to the highest bidder'

He is just some n00b with 4 posts and does not understand I think. The problem is the moderator on that forum is telling me there is nothing wrong with what he is doing. I'm banging my head against the wall because to me, there obviously IS something wrong with that!

 

[jdk]

First, I would report him to the moderators of the forum. If he still refuses to sell it to you at the BIN price, give him negative feedback.

You are right. There is something wrong with it and most forums do not enforce the rules. The best thing to do is to report it to a moderator to see what they do. If nothing leave him negative feedback and move on. There is nothing you can do. It is not worth your time to pursue unless we are talking about a $xx,xxx or higher sale and you wish to get a lawyer involved. Anything less a lawyer is going to tell you it is not worth the time, effort, or costs involved.

obligated - Adjective - being morally or legally bound to do something:

Best of luck

 

[Deleted member 111831]

thanks for your help

 

[TheLegendaryJP]

According to google images, this is a Bin

 

[nubhost]

buy it now lol

 

[sng]

According to google images, this is a Bin

:lol:

 

[rianvisser]

lol

 

[anatoly]

According to google images, this is a Bin

Good one !

 

[typist]

What are the rules regarding BIN? I have searched and cannot find them.

If somebody sets a BIN, I accept it, and they receive a higher offer, are they allowed to accept the higher offer?

What if I accept the BIN, are they allowed to post that they will accept higher offers for a period of time before accepting the BIN offer?

Or is the BIN binding?

there are no "rules". If a seller sets a bin, and you post "sold", he can do anything he likes.

but if I was you, I wouldn't bother spending more time on such a seller. that way you make your own "rules".

 

[Dorian]

there are no "rules". If a seller sets a bin, and you post "sold", he can do anything he likes.

legally - maybe
morally - definitely not

 

[typist]

legally - sure not
morally - maybe for some, but that depends entirely on whose moral values you're talking about. people tend to disagree on morality issues. if you explain to random people on the street that you're dealing in domain names, most will think you're immoral. they imagine you're involved in porn, cybersquatting, phishing, click fraud or whatever. even selling plain domain names like madeiraforum.com (nice one) will seem immoral to most. many people think asking for anything above reg fee is immoral.

 

[Dorian]

legally - sure not

Quite contradictory to what you said two posts above. But I think I know what you mean.

morally - maybe for some, but that depends entirely on whose moral values you're talking about.

Mine. In this case adopted from The Bible, James (Jacobus) 5:12
"Let your 'Yes' mean yes and your 'No' mean no! "

even selling plain domain names like madeiraforum.com (nice one) will seem immoral to most.

Don't tell them I also own the .net/.info/.org/.eu/.de

 

[typist]

Quite contradictory to what you said two posts above. But I think I know what you mean.

no, only contradictory to your logic. mine is the other way around as you figured

 

[nameadvertising.com]

there are no "rules". If a seller sets a bin, and you post "sold", he can do anything he likes.

but if I was you, I wouldn't bother spending more time on such a seller. that way you make your own "rules".

What a bunch of crock? This not the wild wild west dude. This place has rules. Do not open a page from the 16th century on the noobs.

There is enough upheaval here anyways....

 

[typist]

huh?