What Does BIN Mean?BIN means "Buy It Now ". The abbreviation BIN, meaning "Buy It Now", is principally used on online shopping and auction sites, such as eBay, to indicate that an item is available at a fixed price.
When an item is being offered with a BIN price and in an auction, buyers can choose to either pay the BIN price to purchase the item immediately, or to place a bid and compete in the auction.
Of note, according to the terms and conditions of eBay, the BIN price must be at least 30% higher than the starting price. According to regular users of eBay, there are very few bargains to be had when paying the BIN price.
Summary of Key Points"Buy It Now" is the most common definition for BIN on Snapchat, WhatsApp, Facebook, Twitter, and Instagram.
|Definition:||Buy It Now|
|Type:||Acronym and Abbreviation|
Adults and Teenagers
Image for BINWhen I write BIN, I mean this:
BIN usually means paying over the odds.
Examples of BIN in SentencesHere are examples of BIN being used in conversations:
- Tom: I am going to look for a new printer on eBay.
- Russ: Whatever you do, don't pay the BIN price for one.
- Neil: Did you bid for that camera online?
- Sam: Yes. I got it for $50 less than the BIN price.
An Academic Look at BINBIN is both an initialism abbreviation and an acronym. Although it can be pronounced using its individual letters (i.e., Bee Eye Enn), it is more likely to be pronounced as a word (i.e., Bin).
Example of BIN Used in a Text