I usually make my binding, if you want to do that let us know. Myself or someone else can help you or better yet direct you to sites with picture instructions. But I have bought binding when I need a specific color and can't find it in fabric. Wrights double fold is the only binding I buy. The lace idea sounds good though. When you turn your placemat inside out you really do not need binding or lace. You can just top stitch and Wa La. Done. Hope this helped.