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How to cancel eBay bid – When you want to withdraw your bid on eBay

Posted by ebayprofitmaster on September 13, 2010

How to cancel eBay bid is the question asked by many when they are looking to withdraw their bids on eBay, and the reason that they are struggling to find the answer is because eBay wish to hide the information.

The reason for this is simply because they would much prefer that every transaction ends in the successful sale of the listed item, and they do not really want to encourage people to retract their bids.

However, if you really do wish to know how to cancel your eBay bid, then it can be done provided you meet certain conditions that they set out.

For example you will be allowed to cancel your bid if you have simply entered the wrong amount into the bid box. If you had only planned to bid $120 put typed in $1200 then you would be able to withdraw your stated bid.

You could even bid again the correct amount if you so wished.

Another good reason why you would be allowed to cancel your eBay bid would be if the item’s description had changed since you placed your bid.

It can happen where a seller updates their information, and you realise that the item is now no longer suitable for your requirements, which is something that eBay realises. In this situation eBay will allow you to withdraw your bid.

Even not being able to contact the seller after the end of the listing would be a good enough reason to cancel your eBay bid. After all it’s not your fault that they will not reply to your attempts to find out how to pay for the item.

Someone else placed the bid using your account: This situation can occur either if your account has been hacked or if a family member places the bid using your account. Again in this situation, eBay allow you to cancel eBay bid by withdrawing it.

How to retract your bid.
EBay have created an eBay bid retraction form, which you can find simply by searching the eBay help area for “bid retraction” (without the quotes). You will need to fill in this form in order to withdraw and cancel your eBay bid.

You should of course only retract your bids when you have good reason to do so, as eBay keep a publicly visible record of every time you cancel a bid. Your feedback profile will list all the bids you have withdrawn, which might make future transactions less easy.

It’s not just the possible difficulties of not looking like a troublesome eBay member that you have to deal with. There is also the possibility that if you use the eBay bid retraction feature too often, eBay might just ban you!

Frankly, to get your eBay account banned, you would have to really abuse the eBay bid retraction feature by choosing to cancel eBay bids quite often, but its certainly something to be aware of before filling in that form.

Of course, if you contact the seller and both of you agree to a mutual withdrawal of the sale, then that should be fine, as the seller would not wish to risk getting negative feedback from a buyer that is not happy with the item they receive.

They will also get a refund of their listing fees, so it is not going to cost them anything of than time to relist the item.

The process is called an “unpaid item dispute” but as both of you is agreeing to cancel the transaction; the name is really more alarming than needs be.

Provided you explain your situation to the seller, and be polite to them, you should find that all ends well, with no penalties incurred on your part.

Next time we should go back to basics by looking at what you can do after winning an auction.

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