8mm Forum: Ebay bid retraction

This is topic Ebay bid retraction in forum General Yak at 8mm Forum.

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Posted by Brian Stearns (Member # 3792) on February 25, 2014, 08:23 PM:

I can't believe a bid can get retracted, I thought a bid was a binding contract. Someone retracted a bid on one of my auctions the reason given was:Entered wrong amount

Whats stupid is his bid amount retracted was exactly the opening bid amount.

Its appearing ebay is better for buyer then sellers, sellers have no rights

Posted by Winbert Hutahaean (Member # 58) on February 25, 2014, 08:45 PM:

Brian,

Don't forget, however, on the other side sellers can also cancel someone's bid or cancel a listing.

The rule says retracting or cancelling a bid can only be done before 12 hours of the end of a listing.

cheers,

Posted by Bryan Chernick (Member # 1998) on February 25, 2014, 09:40 PM:

I've had a seller just refund my money after I won and not send the item. I assume they didn't think they got enough for the item. They got pissed off when I gave them average feedback but how could I have given any more than that when I didn't get my item.

Posted by Dino Everette (Member # 1378) on February 26, 2014, 01:01 AM:

Yes ebay does have some weird allowances for both buyers and seller...I have had more than 10 bids on auctions that were cancelled in just the past 6 months....I think some sellers have figured out a weird loophole where they can use ebay as some sort of free advertising by listing high priced items, their email and then cancelling the auctions.....

I have also had buyers cancel bids on me, so I think it is just one of those unfortunate annoyances we all have to deal with on ebay..

I almost had a meltdown last week with a seller where I won an auction on an extremely rare item (only one I have ever seen in all the years ebay has been around), the seller immediately filed a cancel transaction request and messaged me saying that he was approached by someone locally and sold the item for more money...I went ballistic and told him it was unethical, blah blah blah and that there was no way I would agree to cancel the transaction and that I would fight it til the end. Thankfully he came back with "Oh turns out I had another, so I'll send yours right out." I think sometimes you can appeal to their better judgement and get them to still act ethically even when they try to pull a fast one, so don't ever give up...

Posted by John Yapp (Member # 2873) on February 26, 2014, 03:14 PM:

About 2 years ago I was the winning bidder on a set of three projectors, all top end models, that I reckoned were worth around £300. The winning bid was £80. The seller then did the old cancel the transaction routine citing the fact that he had meant to place a reserve on them, he was selling them for his father, and other nonsense. I let it go but it did upset me. A more recent puzzle (only last week) is that i listed a camcorder which didn't sell with a starting price of £20. I then received an email from someone claiming to live near me asking me to accept £25 if he could collect the item in person. I informed him that I have relisted the item with a starting price of 99 pence. Three days later, he still hasn't placed a bid. A con of some sort? Ebay is getting to the point where it's hard to make a profit and leaves one wondering whether it's worth the hassle.

Posted by Terry Sills (Member # 3309) on February 27, 2014, 07:27 AM:

John
I have to agree with you there. By the time Ebay have taken their cut and Paypal too, It does make you wonder whether it's all worthwhile, especially when you get a buyer that expects a plug in and play machine which we all know is not the case with old projectors. The problem is where else would you get such a wide audience to sell stuff like ours?

Posted by Dino Everette (Member # 1378) on February 28, 2014, 01:46 AM:

yep it is hard to imagine how much money actually disappears once both places take their cuts, but I still think they shouldn't be so forgiving of cancelled bids, and cancelled auctions...

There should be some sort of tally, so that if a seller or buyer cancels 2 or 3 in a 6 month period, they get a suspension or something, because the only time I ever cancelled something was an auction from ebay France and I failed to notice that the seller only accepted wire transfers, and since it was a pricey 35mm print that I was going to have to pay a boatload of shipping, I did not want to pay extreme wire transfer fees on top of it, so the seller agreed to let me cancel my bid..

Posted by Vidar Olavesen (Member # 3354) on February 28, 2014, 02:06 AM:

Only reason (at the top of my head) I can think of to allow a cancellation would be if the item(s) they're selling turns out to be defective. If you "must" have 100 dollars for it, don't set the start bid at .99 if you won't let it go for less. Or put a reserve on it. It's legally binding, I believe, once you put the item up for auction

Had this cancellation happen to me a couple of times

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