"BIN" in trade listings

Quick question - I saw someone using "BIN" (i.e., Buy It Now, with the same meaning as it has on eBay) in a trade listing, and really liked the idea of it, so I've started using it a lot. But I don't see that many people using it, so I want to know if I'm confusing people.

When you see "Make me an offer, BIN

Ist" in a trade listing, is the meaning clear, or do I need to explain it in more detail?

Some ppl understand it, some not, thats why most dont use it. Secondly, sometimes trader dont know the value and wait for offers.

The more you give a price (and if only one is given it's normally the BIN), the more you'll get answers.

Therefore, whenever possible put a price in your trade threads. Even if not sure, even a low sale is usually better than no sale at all.

Necrarch wrote: 6 months ago

The more you give a price (and if only one is given it's normally the BIN), the more you'll get answers.

Therefore, whenever possible put a price in your trade threads. Even if not sure, even a low sale is usually better than no sale at all.

Yeah, that's my thinking. It gives people a starting point for prices, it signals that I'm willing to negotiate, and it means that if you just want to buy it in a hurry, you can.

I suppose people who just put the price in without "BIN" usually mean it in the same way - negotiating is generally accepted, after all. Maybe I'm overthinking this. (It would not be the first time for me...)

That's how most people do it, I believe

I always throw a BIN on my listings. And if I'm impatient the BIN is slightly less than market rate. Listing doesn't last > 24 hours. Anything that doesn't sell below market rate in < 24 hours I list for free.

There will always be some folks who are confused, no matter how you phrase things. Though BIN is fairly well known and largely understood terminology.

From my own experience, I found it rather beneficial overall to add pricing to trades as it seemed to (on average) facilitate suitable offers. Though it obviously isn't a guarantee of offers and will also drive away some activity as lower offers are actively discouraged by adding it. But since you wouldn't want to accept those anyways, that doesn't matter, it merely makes it feel slower on occasion.

Short of those items that are really open for any sort of bid and sky's the limit (unknown value rares and such), I'd suggest adding both, a starting bid and a BIN to trades. Seemed to work best for me.

E.g.:
<intro sales text, item description and all that jazz>
LF

Ber+
BIN = 2x

Ber

Sometimes, i feel like some ppl who put ‘BIN’ yet when that is met, and someone else offers higher, the seller sells it to the higher offer, which totally defeats the ‘BIN’ term. Either use “will accept

Jah or better” phrasing as an example, instead of putting BIN and not Honor it

Yes, strictly speaking if this were an auction site then once someone offers the BIN price then it would be sold to that person. But thats fundamentally not how this site works. And I certainly dont begrudge someone taking a higher offer

Anyway, yes, I always try to put a "price" on listings, to give a guide of what I am looking for, but also open to negotiation. And when I am looking to buy something, I do look at posts with a listed price first

Kakumba wrote: 6 months ago

Yes, strictly speaking if this were an auction site then once someone offers the BIN price then it would be sold to that person. But thats fundamentally not how this site works. And I certainly dont begrudge someone taking a higher offer

Anyway, yes, I always try to put a "price" on listings, to give a guide of what I am looking for, but also open to negotiation. And when I am looking to buy something, I do look at posts with a listed price first

If you’re thinking fundamentally this is not how this site works then i guess the seller shouldnt use an auction term ‘BIN’ in their listing? Since like you said, the term ‘BIN’ losely associated with auctioning an item.

So if the seller dont want to Honor the BIN, best not to use that term at all or clarify so in their listings.

So my take - dont put BIN if you not going to sell at the BIN price, or clarify it in the listing.

We all know and well aware of what BIN(buy it now) and HOW it should work.

Its the same thing for when people put perf roll tag on items that have multiple variations, very misleading where only 1 of 3/4/5 variations is perf, the rest have bad rolls. but in the end, to each their own take on what BIN is

I was meaning more like an auction site, when someone hits the buy it now button, it removes the listing/ marks it sold so there is no option for further bids. Thats not how this site works. The literal implementation in code, as opposed to a communal understand

Kind of embarrassed to admit but I didn't know what BIN meant until it was explained in this thread. I got the gist of it ('such and such item, BIN

Ist' Ok, so that means they want an

Ist rune) but I didn't know what the actual acronym was.

Stofsk wrote: 6 months ago

Kind of embarrassed to admit but I didn't know what BIN meant until it was explained in this thread. I got the gist of it ('such and such item, BIN

Ist' Ok, so that means they want an

Ist rune) but I didn't know what the actual acronym was.

Same. It's fairly easy to get the meaning from context, but sometimes people phrase it oddly and then you just go "huh?" and wonder if you really got it right.

In a past life in another game, vocabulary was :
R/b : reserve bid
C/o : current offer
B/o : buy out

Really depends the game you're from.