What’s the difference between buying bids and Buying It Now? Read on to find out more from DealDash…
DealDash has many different terms, abbreviations, and acronyms. If you’re a newbie, you might be wondering what the difference between “Buying It Now” and buying bids. The answer is easy, but let’s look a little deeper into the explaination.
Buying It Now (BIN)
DealDash has your back covered no matter if you win or lose – that’s why they created BIN – Which means “Buy It Now.” People often say they are going to “BIN” an auction, which just means that they are going to pay the full retail price for the item and receive their bids back from DealDash.
Buy It Now (BIN) is how many people that use DealDash are able to participate so often. All auctions are availible for you to BIN, as long as you placed at least a bid before there was a winner. It’s a smart idea to always BIN the auction if you don’t win.
What Do I Get When I BIN?
If you’re wondering how much it costs to BIN an auction, it’s different for each one, depending on the retail price of the item. The BIN price is located at the top of the auction’s individual page. When you BIN an auction for the retail price you’ll get each and every bid back from DealDash that you placed, in addition to free shipping on the item. After you have paid for your BIN auction you will receive all of your bids back that you have placed to use right then or to use later on.
An Example of a Successful BIN
Let’s look at an example of a successful BIN on DealDash. If you are bidding on a necklace that has a BIN price of $85 and you have already placed 575 bids, assuming you paid around .15 per bid, it would make sense for you to BIN this auction and get all of your bids back, because .15 x 575 = $86.25. So if you BIN this necklace for $85, you will receive free shipping as well as all of your bids back to try again on a different auction. DealDash has given you a wonderful gift with BIN, because if you are willing to BIN an auction you will never lose – you will get all of your bids back when you BIN it for the retail price.
Buying Bids
Now that you know what a BIN is, let’s talk about buying bids. Because, after all, bids are the currency that you use to participate on DealDash. Bid packs come in many different amounts of bids. You can get a pack of 60, 300, 600, 1200, or 2400. Bids cost between .13-.60 per bid. The most common price for bids is around $.15-.17, so if you see them for less than that, you should definitely buy some right away. The price of bids changes daily, there will always be a sale around the corner. Stock up on bids for a rainy day.
Thanks for Reading the Blog
I hope that this article was helpful for all of you new bidders out there. DealDash has everything that you need with one-stop shopping. Go check out the site and bid on some great items. Good luck and happy bidding everyone!
This sponsored blog article was written by Dawn E, a mother of 3 who loves DealDash. Dawn was compensated for writing this article. Read even more at DealDashTips.com, DealDashReviewed.com, or on her own blog, DawnBlogtopus.