BIN is an abbreviation of 'Buy It Now', an eBay listing option that lets you sell an item for a fixed price. Buy It Now was introduced by eBay as part of their endeavour to make eBay more convenient and resemble more of a traditional retail experience.
Rather than waiting for an auction to end, a buyer can use the BIN option and make an immediate purchase. Using the BIN format costs sellers an insertion fee and a final value fee, when eBay takes a commission of the sale price of the item.
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