Buyers keep cancelling the bids/sales Ongoing issues..Ebay does nothing

[g_ab-46]

Ive seen this happen more and more everyday. When the seller sees there not getting enough they take the item off cancelling all bids. I have also notice they have others bidding up there items to get more money and when it gets close to the end they cancelled the fake bid and give it to the person with the next highest bid. Ebays fees get higher and higher but allow the sellers to get away with this. Start charging the sellers a 20.00 cancellation fee and see how fast the stop doing this practice! IT"S not rocket science it easy to see the pattern. For years they have allowed people to state diamond on there ads but when you read down below it in fact not a real diamond, they have after many many yrs are going to stop this practice that misleads the buyer.  Those who sell Gold may not like this article but it is oh so true!!!

[woodland_gnome]

eBay DOES charge a fee for that.  It has for years.

It is specifically against the rules for a seller to cancel all bids and end the auction early without a winner IF it is because s/he deliberately set the Starting Price lower than s/he was willing to sell for, and it hasn't reached that high.  This is considered fee avoidance because eBay charges a substantial fee for sellers to have a Reserve Price so they aren't promising to sell as low as their Starting Price.

But there are legitimate reasons why a seller would have to do so, and a few years ago eBay got tired of having to divine the subjective intent of a seller who took that action, so it adopted some procedures that make it less attractive to do so with that intention:  it may only be done before the countdown reaches 12 hours  AND it charges a fee (the FVF% for that seller in that category times the highest cancelled bid) when s/he does so (with the first such fee per calendar year waived to allow for the very occasional legitimate reason for doing so).