Anyone had an eBay buyer back out of a purchase,,,,,,

GRANDAM

Due to the fall in Silver prices? I have

I had a Hockey Puck sell April 30th. Until this afternoon no word from the buyer until I get this message via eBay:

"I have been financially devastated by the collapse of silver prices the last week. I would like to cancel this order which would avoid a return later. Thank you for your understanding and I am terribly sorry for the inconvenience."

I have of course blocked the guy from future transactions with me.

GrandAm

dontippet

I would contact ebay and make it known that the buyer is backing out and make sure he gets an unpaid strike. Also, make sure you get your fees back. I, too, have taken a hit by buying silver on ebay last weekend, but I am doing my part of the contract.

GRANDAM

I already tried to file a non-payment claim to get my $29 selling fee back but it won't let me until May 8th

dontippet

If you want everything wrapped up quicker, you may be able to expidite the process by calling ebay.

gdavis70

Nope... but I am waiting on about 5 feedbacks from people who, by the time they got their silver were down dramatically.

I did sell $25 in mercury dimes to a guy on Sunday. On Sunday I thought he got them for too little...

By the time he paid on Wednesday I thought for sure he was going to try to get out of it. Happily, he honored his bid.

edmundfitzgerald

I put in a gold order Sunday night with Apmex. In other words, I just bought at the top, and gold dropped $100.00 bucks since my order.
Now only $80 bucks with today's rise.

In other words, the buyer should have paid.

tresgatos

A deal's a deal.

jeremym

To the OP: If the buyer is legit, he would agree to your dispute and then you'd get your final value fee credit very fast. I've done this a few times and I basically tell the buyer that if they're going to back out, they have to agree to cancel the transaction within 24 hours so I get my fee's back. Granted, this is just a scare tactic but it works most of the time.

Tell the buyer you understand and if they could please cancel the transaction (after you request to cancel it through eBay) that you would be glad to cancel the transaction. This typically works better because the buyer, who is backing out of a legit transaction because he's losing money, thinks they got the jump on you. When in reality, you know the truth and just want your fee's waived and are humoring said scumbag buyer.

FullCameo

I think I predicted this scenario in this thread, my second post . I'm sure there are many thousands of stories like his.

I bought gold last week at 1530. By the time it was time to pay, I knew it was heading down, I knew the risk, and I met my promise. People like GrandAm's buyer suck, and ebay protects them.