Anyone having Bid Retraction Issues?

gemint

I've received 3-4 bid retractions in the past few days from different bidders. The reason stated in all cases is 'entered wrong amount'. I can't recall the last time I had a bid retraction let alone this many in a short time. The bidders have won and paid for items from me before and they have decent feedback, although one bidder does seem to have a higher bid retraction history than typical. I was just wondering if there's a system glitch or something.

llafoe

Nope, I'm still young... Wait, BID retraction... Nevermind!

itzagoner

i had a guy retract his bid when he realized he'd forgotten to include the decimal point.

woulda been cool getting over a thousand bucks for a high pop '69 Topps baseball common, though.

PeteZaria

I almost wish I was having bid retraction issues, because that would mean I'm at least getting bids. Ebay has been dead for me since Christmas.

orioles93

Didn't try to cause any waves. My bad. Never had any bad feedback. Sorry

llafoe

<< <i>I'll be honest, I retract my bids a lot. Often, I'll bid on something, then later think to myself, that's too much, so I just retract it and stop bidding on the item. I guess I bid on an impulse too much and then later regret it. I don't see the problem with bid retractions. They don't bother me. I figure people can do what they want until the item is purchased. People who win and don't pay really get to me though. >>



A bid is a legal contract... that's the issue with bid retractions.

llafoe

Here's a scenario for you... let's say you bid $1,000 for a card and another bidder bids $975 and another bidder bids $950. You're the highest bidder and you decide to "retract" your bid. The bid is now at $975. The underbidder KNEW they weren't going to win, since you were high bidder and decided to bid on another card for $975 (the amount they had to spend). Once you retract your bid, they're now obligated to pay $1,950, but they only have $975 to spend. Now do you see the problem with bid retractions?

From eBay:

Policy overview

A bid is a binding contract that's active until an auction-style listing ends. Once you place a bid, you need to pay for the item if you're the winning bidder.

Examples of when you can't retract a bid:

You changed your mind about buying the item.
You wanted to find out the reserve price.
You wanted to find out how high another buyer bid on an item.
You only wanted one item but placed bids on multiple identical items. You should only bid on multiple items if you intend to buy all of them.

BruceinGa

Similar to itzagoner, I retracted a bid only once, because I omitted the decimal point. I've been active on eBay since 2000, not big time, but just the same, too active according to my wife. This is my only retraction.

PeteZaria

<< <i>I'll be honest, I retract my bids a lot. Often, I'll bid on something, then later think to myself, that's too much, so I just retract it and stop bidding on the item. I guess I bid on an impulse too much and then later regret it. >>



You know this, but you keep on doing it over and over? Sounds like you need to hit "add to watch list" instead of bidding. And, then bid only at the last second.

LeonLuckey

<< <i>I'll be honest, I retract my bids a lot. Often, I'll bid on something, then later think to myself, that's too much, so I just retract it and stop bidding on the item. I guess I bid on an impulse too much and then later regret it. I don't see the problem with bid retractions. They don't bother me. I figure people can do what they want until the item is purchased. People who win and don't pay really get to me though. >>



What is your ebay id so I can just block you now? That is a very unacceptable practice to me.

detroitfan2

<< <i>

<< <i>I'll be honest, I retract my bids a lot. Often, I'll bid on something, then later think to myself, that's too much, so I just retract it and stop bidding on the item. I guess I bid on an impulse too much and then later regret it. I don't see the problem with bid retractions. They don't bother me. I figure people can do what they want until the item is purchased. People who win and don't pay really get to me though. >>



What is your ebay id so I can just block you now? That is a very unacceptable practice to me. >>



I'm sure you won't be the only one doing some blocking. It's unbelievable isn't it? We wonder why there are issues on ebay, and you have someone just flat out bid and retract whenever they feel like it and see nothing wrong with it. Bizarro.

TheZodiacCollection

Your bids affect how other users bid for an item and the item's final selling price. ebay carefully investigates all bid retractions to determine whether they are appropriate and conform to the rules for buyers. Abuse of bid retractions can result in the suspension of your account.

Bids retracted within the last 24 hours of a listing can be viewed as an example of shill bidding, which is a serious violation of eBay policy.

I would like to know what your ebay id is as well, so I can block you too!

mygotta

I;m sure its buyers remorse.

MilehighHOF

<< <i>What is your ebay id so I can just block you now? . >>



Click on his "Ebay page" link in his post and you can see his ebay ID.

GB5HOF

I've never had any, but had a couple in the past month. Both were bids from smart phones...where I think the user honestly messed up the bid amount (decimal point, or whatever). Tougher to use that little screen and keypad for some of us old timers.

ReggieCleveland

<< <i>Your bids affect how other users bid for an item and the item's final selling price. ebay carefully investigates all bid retractions to determine whether they are appropriate and conform to the rules for buyers. Abuse of bid retractions can result in the suspension of your account.

Bids retracted within the last 24 hours of a listing can be viewed as an example of shill bidding, which is a serious violation of eBay policy.

I would like to know what your ebay id is as well, so I can block you too! >>



No offense, but this is hilarious. Ebay doesn't give a rats behind about bid retractions or shill bidding. Probstein has people bidding in his auctions that have 80% activity with the seller and 50 bid retractions. Bid retractions and shill bidding are what they want. It creates more revenue for them and they'll only do something about them if they think they're going to be found liable.

llafoe

<< <i>

<< <i>Your bids affect how other users bid for an item and the item's final selling price. ebay carefully investigates all bid retractions to determine whether they are appropriate and conform to the rules for buyers. Abuse of bid retractions can result in the suspension of your account.

Bids retracted within the last 24 hours of a listing can be viewed as an example of shill bidding, which is a serious violation of eBay policy.

I would like to know what your ebay id is as well, so I can block you too! >>



No offense, but this is hilarious. Ebay doesn't give a rats behind about bid retractions or shill bidding. Probstein has people bidding in his auctions that have 80% activity with the seller and 50 bid retractions. Bid retractions and shill bidding are what they want. It creates more revenue for them and they'll only do something about them if they think they're going to be found liable. >>



Careful, you just libeled Probstein. Unless you know for a fact that Probstein has people shilling his auctions, you may want to withdraw your "facts".

PeteZaria

<< <i>Bid retractions and shill bidding are what they want. It creates more revenue for them and they'll only do something about them if they think they're going to be found liable. >>



Except when there is shill bidding involved, bid retractions COST ebay money.

ReggieCleveland

I wasn't implying he was doing it himself, but that it was occurring in his auctions. The bid history of people bidding in his auctions is a fact.

ReggieCleveland

<< <i>

<< <i>Bid retractions and shill bidding are what they want. It creates more revenue for them and they'll only do something about them if they think they're going to be found liable. >>



Except when there is shill bidding involved, bid retractions COST ebay money. >>



How so? Shill bidding increases FVFs, putting more money in their pocket.

ReggieCleveland

I misunderstood your post. Bid retractions by honest buyers do cost ebay money, but bid retractions also reveal the underbidder's max which can then be shilled up by the bid retractor or a third party. I'd say the ratio between BRs by shillers and BRs by someone making an honest mistake is significant.

Dpeck100

Orioles93,

You don't honestly feel that way do you? Are are just trying to get the board worked up?

I just can't imagine anyone with a pulse thinking that way.