Cancelled bid for stupid reason

[vilkau]

This has happened to me more than once. Someone makes a bid and before the end of auction retracts the bid because "Entered wrong amount." This is an auction, folks, not a flee market! In an auction, once you enter a bid, it's final! Your bid wins or not, but you cannot retract a bid. Besides, if you enter the wrong amount and you retract your bid, you can always bid again with the "right amount". But it never happens. What a place! Ebay caters to buyers, not sellers. But without sellers it would not have any buyers. But I guess they don't care.

[mipatt_22]

For same reason I would not do bids. I do fixed allow best offer in.

[adsta22]

Would you rather have them win it pay for it you ship it to them they claim that it's damaged in some way so they ship it back on your dime?

[ohnojoey]

That option to negate a bid based on "Entered wrong amount" is available to buyers, and then they are supposed to enter the corrected amount, but does ebay enforce this if buyer never enters another amount? It seems like a "loophole" for the buyer to cancel their bid and it is manipulated as such. It's annoying but consider that they are doing you a favor and "weeding themselves out" of you life.

Besides, do you really want a buyer who changed their mind and doesn't want something to later file a claim? You can block them too.

[vilkau]

This is what eBay says about retracting a bid:

You can retract a bid if:

• The seller significantly changed the description of the item
• You accidentally bid the wrong amount. For example, you meant to bid $20, not $200. In this case, enter the price you intended to bid as soon as you've retracted the incorrect bid.

The last sentence does not force the bidder to do anything. And there is no penalty if he fails to do so.