Buy It Now on eBay is a feature on eBay's auction pages that allows a bidder to purchase a product for a set price at or above the minimum bid (or start) price. eBay Inc is an American Internet company that manages eBaycom an Online auction and shopping Website in which people and businesses buy and "Auctioneer" redirects here For the DC Comics supervillain see Auctioneer (comics. It is an optional feature, available to sellers for a small fee. If a person decides to purchase an item with a Buy It Now price, they must be willing to pay that price, and in return the auction ends immediately with them as winner.
There are certain times when the Buy It Now (or BIN) feature is not permitted or is rendered moot. Among other instances, if a person has multiple items to offer via a Dutch auction, the feature may not be used, and if a bidder offers less than the BIN price (e. A Dutch auction is a type of Auction where the auctioneer begins with a high Asking price which is lowered until some participant is willing to accept the auctioneer's g. , the actual start price), the bidding and auction run as normal, and the BIN option disappears.
Other sites, such as Bidville and Yahoo, host auctions with similar features. The online auction business model is one in which participants bid for products and services over the Internet.
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