Is there a policy against canceling an item with bids to sell it BIN to another buyer?

[plasticmemories]

I am frequently asked by potential buyers to cancel auctions and instead sell them items at a set BIN price (or Make An Offer for an agreed price). Most often, this happens when there is already a high bid from another user on an item, and that is the reason I give for declining such an offer. It does not feel right to sell an item out from under bidders to take an immediate offer, unless MAYBE that person was the current high bidder.

BUT, is there an eBay policy that disallows this practice?

For one thing, I don't want to cancel an item with bids, so can I create a separate auction for the same item with a BIN or Best Offer price and hope the interested buyer quickly comes through? (I did this once for the high bidder on an auction who was in a hurry, and lo and behold, they did not buy the item, forcing me to cancel the second listing, and ended up trying--and failing-- to win the auction at a lower price.

Thanks for your help!

[ziggylab]

Your accepted answer is wrong. There absolutely is an Ebay policy for ending an auction (that someone else posted a link to). Ending it to sell it to someone for a fixed price is against that policy.

[heckofagame]

The policy discourages it, but does not prohibit it. 

[justafemster]

So glad you held out and waited for the auction to end and got $300 more.  

I'm sure that was a lesson in patience.  

My own personal experience is if someone wants it "NOW", there will be other bids, normally higher than what the person messaging me is offering.  Then there's the "end it now and get a fake paypal" scam.  Which costs me another 5 days.