Lesson learned; Max bid on eBay

[vintagetoppsguy]

Originally Posted by packs

Let's say you auction off a card. The winning bidder retracts their bid in the morning. Do you expect the second highest bidder to pay for the item? Or would you think it's their choice?

Once the auction is over and there is a 'winning bidder' the winner can no longer retract their bid. They are the winner, they are locked in. Whether they choose to pay or not is a whole different topic.

I hope I understood your question correctly.

[packs]

I thought you had 12 hours to retract your bid. I didn't read every reply. Was that misinformation?

[vintagetoppsguy]

Originally Posted by packs

I thought you had 12 hours to retract your bid. I didn't read every reply. Was that misinformation?

You can retract a bid any time during an auction, except within the last 12 hours. You can't retract a bid within the last 12 hours. Also, you can't retract a bid after the auction.

There are certain protections you still have after the auction, but eBay has to be involved. For example, if you realize you 'won' a fraudulent card, eBay can cancel the auction (even after it's over).

[Bocabirdman]

Originally Posted by vintagetoppsguy

You can retract a bid any time during an auction, except within the last 12 hours. You can't retract a bid within the last 12 hours. Also, you can't retract a bid after the auction.

There are certain protections you still have after the auction, but eBay has to be involved. For example, if you realize you 'won' a fraudulent card, eBay can cancel the auction (even after it's over).

That might explain why I never had a problem. I either put in a token bid, trying to steal it, which got outbid early and often most of the time or I bid strong enough to hold the bid into the final 12 hours....

[smtjoy]

Different card, but more of the same, half price on the second time listed, my guess is its still not sold.....

3/9/15
http://offer.ebay.com/ws/eBayISAPI.d...p2047675.l2565

2/18/15
http://offer.ebay.com/ws/eBayISAPI.d...p2047675.l2565

[bnorth]

Originally Posted by smtjoy

Different card, but more of the same, half price on the second time listed, my guess is its still not sold.....

3/9/15
http://offer.ebay.com/ws/eBayISAPI.d...p2047675.l2565

2/18/15
http://offer.ebay.com/ws/eBayISAPI.d...p2047675.l2565

LOL This is why even thought that seller has an item I would really really like I am not going to bid.

[Bocabirdman]

Originally Posted by vintagetoppsguy

Once the auction is over and there is a 'winning bidder' the winner can no longer retract their bid. They are the winner, they are locked in. Whether they choose to pay or not is a whole different topic.

I hope I understood your question correctly.

Yes that is a different circumstance. Still, I would have been screwed as I usually spent my entire card budget and then some. I guess I was lucky that I never got burned by a retracted bid.

[trdcrdkid]

As I understand it, you have 12 hours to retract your bid, but you can only do so as long as the auction is still going on. Once it's over, if you're the winning bidder you're obligated to buy the item for the winning amount.

[packs]

Ah that is my confusion. I thought you had up to 12 hours after you placed the bid, auction over or not.