Locked
Discussions in this board are limited to the original poster and Community Mentors
Bid retraction
This has happened to me too many times now. I bud on an item, them im out bid so i bid on similar item and win only to find out bid on original item has been retracted and niw im highest bidder on an item i no longer want or need. Do i have to buy it and if so why? I was previously told i was out bid and moved on
2 comments
inceptions
Mentor3 years agoYour active bid is binding until the auction ends as circumstances can occur that make you the ultimate winner (as you know from repeated experience). Don't bid on another item until the first auction ends unless you need two as you are required to complete the transaction. If you don't, you can earn an unpaid item strike on your account which can limit your ability to buy in the future.
woodland_gnome
·3 years agoThe winner and price are determined from the active bids (i.e. not cancelled or retracted before the end) at the end of the auction. Until then any bid could win, even if it has been outbid (if the higher bid is cancelled or retracted; exception: if there is a Reserve Price that remains "Reserve not met" AFTER you place your bid that bid CANNOT win the auction no matter what anyone else does).
If cancellations/retractions put you back as high bidder when the auction ends, you are the winner (unless your bid was "Reserve not met" after you placed it) and are obligated to pay, so don't go looking for a replacement item unless you are willing and able to pay for both.
Once the auction ends without you as the winner (if you are watching the countdown give a hard refresh after a few seconds to what appears to be a final result before relying on the results--a last second but still timely bid might not have been processed and the new results available to all servers for a few seconds) then you owe no more obligation to that auction. The seller might send you a Second Chance Offer if the winner backs out (and you have not opted out of receiveing such SCOs in your My eBay: Account: Communication Preferences) but you are under no legal or moral obligation to accept it.