auction v BIN on ebay

JK · #1 05-20-2009, 08:11 AM

I realize that BINs have been historically high, but I wonder what effect the Microsoft Cashback program has had on BIN prices. My sense is that as more and more sellers realized that buyers were getting cashback discounts, they began raising their prices even though the cashback wasn't coming out of their pockets - the thinking being that they could list it for more and still make a sale since the buyers would ultimately net out around market price after receiving their cashback.

I also wonder whether ebay has had the desired results after shifting to a more store oriented business. It seems to me that the more overpriced BINs you have, the more you have buyers contacting sellers and trying to make "off line" deals for which ebay ultimately gets no cut.

hanksta · #2 05-20-2009, 08:41 AM

One thing about BIN vs. auctions is the final value fee, with an auction the fee is 8.75% and a BIN (fixed price) is 12%.

Either way eBay seems to get their money, the lower fee to list a BIN but a higher cost when it sells.

Leon · #3 05-20-2009, 09:21 AM

Quote:

It seems to me that the more overpriced BINs you have, the more you have buyers contacting sellers and trying to make "off line" deals for which ebay ultimately gets no cut.

My guess is that this situation is happening far more than ebay realizes.

Matt · #4 05-20-2009, 09:26 AM

I think eBay has some message filtering in place that is preventing people from receiving such communications. They may have a filter out there for messages including terms such as "fees" and "email" that cause those messages to never get delivered.

Kehfee · #5 05-20-2009, 11:18 AM

Quote:

Originally Posted by Matt

I think eBay has some message filtering in place that is preventing people from receiving such communications. They may have a filter out there for messages including terms such as "fees" and "email" that cause those messages to never get delivered.

I doubt it. Or if they do its not very good. I set up some BINS. (I actually wanted to sell mine so they went fairly fast)

Anyways, I had a number or requests to take the item off Ebay and do it privately.

smtjoy · #6 05-20-2009, 11:35 AM

I have had good luck with my BINs/Store Items, to me it all gets down to how you set your price. Price it near VCP and it will sell within a few months, price it a lot higher and it might never sell or could take 1+ years (the only cards I would price this high are very scarce cards that maybe come to market once every 2-3 years or 1/1 highest graded cards) or price it too low and it sells in less than 24 hours. Just seems like thats how my sales work out.

If you list 30+ cards having a store is the way to go as it only cost me .03-.05 a month to list them with the same value fee as the BINs and I only have the store monthly fee to pay.

I also have best offers on nearly all my cards and that seems to help a lot. I get a good amount of offers on them. I have even made trades with the cards I have in my store based on ebay messages I have gotten.

alanu · #7 05-20-2009, 12:04 PM

Just in my personal experience with listing with BIN's:

If listed somewhat above the amount I would actually accept I usually get the item sold with a BIN, a "Best Offer", or an off ebay offer. As mentioned above, if I don't get it sold in the first day or so, it rarely sells later.

If the items don't sell and I list them as an auction, it's about 50-50 whether they sell for more or less than my BIN.... the conclusion is:

I have no clue what is best.