Receiving bids higher than the Buy It now price

[colinw404]

I am surprised to see that an item which I offered at a Buy It Now price of £35 as now been sold for £47. I dont understand why the bidder didnt just buy it at the BIN price. I have had the cash paid into my bank by Ebay and the item has been delivered.

If this is some sort of scam I don't see where the scammer is benefitting. I will not send the item until the money is in my bank.

Am I being conned?

[red_magpie · Accepted solution]

It's very simple. When you list an item with a buy-now option, it's open to the first bidder whether to pay the buy-now price to get it, or to place bid in the hope of winning it for a lower price.

Once any bid has been placed, eBay removes the buy-now option and it continues as an auction.

You are the lucky one, as in this case bidding took the price to well over what you had originally been willing to sell it for!

[pixiesen2012]

once the first bid was placed the buy it now was removed,

so future bidders had no idea what your buy it now price was,

and bid up to what they thought the item was worth.

[john1297576]

The moment a bid is placed the BIN disappears and continues as an Auction.

You must post as soon as ebay tell you you have been paid, delaying posting is rather foolish as late deliveries go on your record when there is no reason for amaging your account. Too many late delveries and you would soon be below standard.

You seem to contradict your self,  saying you will not post and also that it has been delivered.

There is no scam involved, apart from the possibility of something going wrong. at a later stage,which can always happen.