oladayo042: I'm sure you understood what "Bido price" meant before setting it. You can choose not to go on with the sale at the risk of getting your account closed. When you choosed to list your domain for auction, you agreed that you will abide by auction rules. Not going on now will be a violation of those rules. If you click the "Recent Sales" tab on Bido homepage, you'll find your domain there. Not selling will make them look stupid and will reduce buyers' trust in their marketplace. This is why all marketplaces frown against uncommitted buyers/sellers.

oladayo042: I'm sure you understood what "Bido price" meant before setting it. You can choose not to go on with the sale at the risk of getting your account closed. When you choosed to list your domain for auction, you agreed that you will abide by auction rules. Not going on now will be a violation of those rules. If you click the "Recent Sales" tab on Bido homepage, you'll find your domain there. Not selling will make them look stupid and will reduce buyers' trust in their marketplace. This is why all marketplaces frown against uncommitted buyers/sellers.

dotcom_na_me_na_me:

@ Oladayo, can you please explain or define: BIN Price in Auction?

My own understanding about BIN PRICE means: It is the least amount of money you will accept to sell an item. It also by passes the auction process if someone agrees to that price.

never2late:

BIN Price simply mean BUY IT NOW.

dotcom_na_me_na_me:

@ Oladayo, can you please explain or define: BIN Price in Auction?

My own understanding about BIN PRICE means: It is the least amount of money you will accept to sell an item. It also by passes the auction process if someone agrees to that price.

oladayo042: Every part of your post except the bold is correct. Buy it now (BIN) price is for anybody who want to buy without waiting for the auction to end.

What you have in bold is the Bido price (or reserve price). If the highest bid for your domain is higher than the Bido price, good for you; if the highest bid is lower than the Bido price, you can choose either to sell to the highest bidder or walk away.

However, if your Bido price has been met, you are obligated to sell at that price, since "the least amount you will sell it for" has already been offered by somebody.

samee72: I am not selling, i rather close my account with Bido, if i dn't get a better offer i will just develop it and use it for my business

wisyno:

I understand how u feel but you have to sell it. If you refuse to sell when the reserve price, which you willingly set before the auction has been met by a buyer, you will simply be sending a wrong signal to bido about Nigerians. They may see your action as dishonest/fraudulent and this could make them to stop accepting Nigerians into platform. I appeal to you to not jeopardize the future opportunities of other upcoming Nigerian domainers. Just sell and take it as a learning experience. As Oladayo mentioned, u ticked the 'I agree' box when you were signing up with them. Pls abide by their rules for the sake of our nation's reputation.

dotcom_na_me_na_me:

Can u sell all your domains for $1, pls i will pay right now?

It is optional to sell or not! How can u just say she should sell a domain for the price that does not acceptable to her, even though she mistakenly set the price there and got to know the meaning of the bido price later. Haba.... if na ur own u go sell am? Even if u go sell am, fingers are not equal na

samee72: I am not selling, i rather close my account with Bido, if i dn't get a better offer i will just develop it and use it for my business

My advice is to sell it. You listed it for auction and you have an avenue to continue selling there. You don't want to be blacklisted. Remember the domain is as good as someone is willing to pay for it.

samee72: I am not selling, i rather close my account with Bido, if i dn't get a better offer i will just develop it and use it for my business

Please sell okay? The domain is not worth a bad reputation, epecially to the other countries. Let people know you can keep to your side of a deal. Please keep us updated. Thanx.

dotcom_na_me_na_me:

Can u sell all your domains for $1, pls i will pay right now?

It is optional to sell or not! How can u just say she should sell a domain for the price that does not acceptable to her, even though she mistakenly set the price there and got to know the meaning of the bido price later. Haba.... if na ur own u go sell am? Even if u go sell am, fingers are not equal na

wisyno:


If my wrong action has the potential of spoiling the road for my countrymen coming behind, I would avoid such action even at great personal loss to me. That is why we shld always read properly and understand any official or business document before we sign. Ignorance is no excuse in the court of law. My sister, Samee72 pls sell it. God has a much bigger sale ahead for you.

samee72: ok no qualms will sell it only to avoid getting a bad reputation, but still waiting for the guy to make payments

2sexy.us:
Smh...

Just re-read what you wrote. I wish una good luck sha.

samee72: ok no qualms will sell it only to avoid getting a bad reputation, but still waiting for the guy to make payments

dotcom_na_me_na_me:

SMH ITK, u don start abi

dotcom_na_me_na_me: Rick Schwartz turned down $150k for 899.com

oladayo042: Rick is crazy, you know. He's always fixated on the long run. If I get such a deal (pipe dream?) I will retire from domaining and invest in the real world.

wisyno: 899.com? That means guys gat try register some number domains o . You might just get LUCKY.

oladayo042: Rick is crazy, you know. He's always fixated on the long run. If I get such a deal (pipe dream?) I will retire from domaining and invest in the real world.