Quote:
Originally Posted by AustinMike
It sounds to me like it's "a buy it now if nobody else is interested or a head-to-head auction if someone else is interested."
In other words, the seller puts the item out there at the lowest price they want for it. Buyer 1 sees it and hits the "BIN" button. The seller waits to respond and before he has to respond, Buyer 2 comes along and hits the "BIN" button. A message now goes out to both "buyers" that someone else is interested and asks for the maximum each buyer is willing to pay. Whoever is willing to pay the most gets the item at that higher price. I would assume if no interested buyer submits a higher price that it would go to the first "BIN" buyer at the "BIN" price. But in any case, I agree with you, it's not a BIN.
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i believe the buyer is shown the amounts that were offered in the past as well. Thats better than outside heritage where theres always a local guy seemingly thats going to the house of the seller to make an offer if you dont close a deal with him or some other guy thats making an offer but they wont tell you the amount