Ebay bid retraction

Paul Tergat

I accidentally bid £104 for an item i meant to bid £1.04 for so i then retracted and bid the correct amount of £1.04, stating the reason that i entered the wrong amount.

After going to the help section it said you can do this as long as you re-bid for the item instantly which i did but the other bidder has a max bid so i have not won the item...

does anyone know if you have to actually win the item or just make the corrected bid for the retraction to be ok, i.e. he has no comeback?

All help appreciated

Cheers

A Dub in Glasgo

The retraction has worked, ebay keep a rolling 6 monthly total on your feedback page like the one below. The seller cannot do anything about the retraction (other than block you from bidding on their items)

Bid Retractions (Past 6 months): 0

Paul Tergat

Nice one Dub, cheers for that

why do they keep a tally of your retractions? just to make sure you're not doing it too much to get bidding advantage? (i.e. finding out someone's max bid)

and do we have access to this? so we can see how many retractions we have made over the 6 months again

Cheers

A Dub in Glasgo

They keep a total so sellers can see if the buyer is messing about. A number of retractions over 6 months will ring alarm bells ringing. It is also a good way of spotting shill bidding.

Everybody has access, click on your feedback number and the retractions is under the 'Recent Rating' table

Here is my feedback

Paul Tergat

Nice one cheers again!

JJ

p_larkin99 wrote:

does anyone know if you have to actually win the item or just make the corrected bid for the retraction to be ok, i.e. he has no comeback?

It's OK as long as you re-bid. It doesn't matter whether you win the item or not.

rubadub

As well as shill bidding it can be done to discover the reserve price in an auction, a tactic that I have no problem with

A Dub in Glasgo

rubadub wrote:

As well as shill bidding it can be done to discover the reserve price in an auction, a tactic that I have no problem with

I presume you ask the seller what the reserve is before you start your bidding spree?

JJ

rubadub wrote:

As well as shill bidding it can be done to discover the reserve price in an auction, a tactic that I have no problem with

eBay does and your account can be warned or suspended for invalid bid retractions or shill bidding.

JJ

A Dub in Glasgo wrote:

I presume you ask the seller what the reserve is before you start your bidding spree?

You can ask a seller what their reserve price is but they're under no obligation to reveal it.