I don't see how Fraudbay can legally do this. I thought that making a bid was a legally binding contract? I even thought that when you placed a bid that their was a notice saying as much.
Now, how can they say it is a legally binding contract and then turn around and OK canceling your bid? To me, either it is a contract or it isn't. What eBay now seems to be saying is that it is neither. Or it is until it isn't.
At least with the current system, if a buyer bids , wins and then doesn't pay they can get some type of negative against them when a seller reports them as non-paying. With the new system this seems to not be the case as much (if the buyer backs out within an hour).
Also, if Fraudbay is going to enforce returns no matter what and make the seller pay for the postage, does that also mean they are going to return the fees they originally charged when the buyer paid the postage or are they going to keep those and the seller is going to be out the difference?
David
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