OT: ebay's Retraction Policy Doesn't Stand

[GeoPoto]

Originally Posted by thecatspajamas

I'm not aware of ebay themselves ever having a policy of having to rebid after canceling a bid (not really sure how that could be enforced),

eBay's system "looks" at every bid retraction. If you rebid (particularly if you bid $556.00, retract it and 30 seconds later bid $5.56, or something similar), the computer will be more inclined to "overlook" the retraction. If you bid higher in $20 increments, become high bidder on your fourth try, and then retract the last bid made, you will probably get "disciplined". It has more to do with the plausibility of "an honest mistake" versus the appearance of intentional deceit.