The payment will be held, once the buyer leaves feedback it will be realeased.
You won't be able to put it on BIN, I think a new user with 0 feedback registered the day before will struggle to get the proper price for it.
I actually think creating an account and not selling for a month isn't what a normal person would do.
I mean, they sign upto eBay. They know which items they want to sell and list them.
Not, sign up, and a month later "oooo I still haven't sold on eBay, will do it now!"
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