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Julie Vognarand when i win, I contact seller IMMEDIATELY (I know ebay says buyer and seller have 3 days to get in touch with each other). I don't want seller to get a higher offer out of the blue (since my snipes catch some people by surprise, and they think, "hey, I would have paid that much, I just didn't know... "), to change his mind, to forget that i won, etc. I DON'T WAIT. On the other hand, I am a model of patience, waiting for seller to get back to me.
I also email seller when (and how) I've sent my payment. I leave feedback immediately when item is received. Maybe people don't like this (or why don't more do it?) but I try to leave feedback about the item itself, not just "smooth transaction," etc. Like, today I got my 1991 Sotheby's Copeland catalogue, and besides "mint" and "gorgeous," I managed to get in "Look Ma, no slabs!"
After all, they've got something you want. All you have is stupid green money!