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on 12-08-2013 08:21 AM
As a general rule, you can't retract or cancel a bid. Once you place a bid, you agree to pay for the item if you're the winning bidder. However, honest mistakes sometimes occur.
If you want to retract a bid:
If you feel you have a valid reason for canceling a bid, fill out the Bid Retractions form.
If you want to cancel a Best Offer, use the Best Offer Cancellation form.
Under what conditions can I retract a bid?
Whether you can retract a bid depends on the circumstances and timing of the bid. You can retract a bid for the following reasons:
You accidentally entered the wrong bid amount due to a typographical error. For example, you bid $99.50 instead of $9.95. If this happens, you need to reenter the correct bid amount right away. Changing your mind does not qualify as accidentally entering a wrong bid amount.
The item's description changed significantly after you entered your last bid. For example, the seller updated details about the item's features or condition.
You can't reach the seller by telephone or email.
How long do I have to retract a bid?
If you meet any of the above conditions, consult the following table to determine if you meet the time restrictions for retracting the bid.
Time restrictions for retracting a bid
What if I can't retract a bid?
If you can't retract a bid, you can contact the seller to request that your bid be canceled. The decision to cancel a bid is up to the seller.
Please remember that every bid is binding, unless the item is listed in a category covered by the non-binding bid policy or the sale is prohibited by law or by our User Agreement. Bidding on multiple identical items should be done only if you intend to buy all of the items.
Your bids affect how other users bid for an item and the item's final selling price. We carefully investigate 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.
You cannot retract a purchase made through a Buy It Now listing. Once you confirm your purchase, you are obligated to pay the seller.
on 12-08-2013 08:46 AM
That is NOT a valid reason to retract your bid. You may ask the seller to cancel it, but s/he is not required to do so nor to acknowledge your request (and neither of those are valid reasons to retract or not pay either).