Hello Gil,
Thank you for your question about bidding on a BIN. You are mistaken. It is possible to place items on a Buy-it-Now. However, there has to be a pre-existing bid on the item, which converts it into an auction. This is explained on both our website as well as eBay's.
In these situations, the customer just buys the item outright instead of offering to pay more.
I hope this has been explained to your satisfaction. We are happy to answer any other questions you have.
bidslammer