OT: Ebay Policy Change

[Mountaineer]

It's a buyers market out there.

Ebay makes their money from people buying things and getting that percentage of the sale so it is no wonder why they cater to the buyers. Sellers are going to have to just adapt or find a different site/place to sell their goods. It sucks because the protection should be equal toward the seller and the buyer instead of it being lopsided.

[Exhibitman]

That's an interesting change. Not sure what to think of it. it would seem to be a partial solution for shill bidding. If you get run up by a shill at the end you can bail out rather than trying to get the seller to mutually rescind. There is definitely a potential for abuse.

I don't think sellers need the same rescission right because they are able to set the open and set a reserve if they don't want to risk a low bid auction.

[bobbyw8469]

I can see it working the other way. What if a card is at $50 with 30 seconds left. Two bidders come in with snipes, one at $200, the other at $205. The card is sold the one of the snipers for $202.50. He is pissed because he is thinking he was going to steal the card for around $50-$60. Instead he winds up at close to his max bid. I can see him trying to bail out of the deal. If a buyer thinks he is not getting a deal, he is not going to want a pay. If he winds up stealing the item, then he is wanting to pay every time. I don't think this is a good deal at all!

Originally Posted by Exhibitman

That's an interesting change. Not sure what to think of it. it would seem to be a partial solution for shill bidding. If you get run up by a shill at the end you can bail out rather than trying to get the seller to mutually rescind. There is definitely a potential for abuse.

I don't think sellers need the same rescission right because they are able to set the open and set a reserve if they don't want to risk a low bid auction.

[Exhibitman]

I didn't say it was good I said it was interesting. An ancient Chinese curse is "may you live in interesting times."

[1880nonsports]

who is accidently the "winning bidder" because he was too aggressive can now more easily decline the sale with no loss of time or fees to the seller? Likely more profitable for the miscreants as even more of the risk is out of the equation.