Coin Community Family of Web Sites Join Thousands of Coin, Bullion, & Money Collectors
Royal Estate Auctions - $1 Coin AuctionsJoin Thousands of Coin, Bullion, & Money Collectors Royal Canadian Mint products, Canadian, Polish, American, and world coins and banknotes. Specializing in Modern Numismatics 300,000 items to help build your collection! Vancouvers #1 Coin and Paper Money Dealer Coin, Banknote and Medal Collectors's Online Mall








Username:
Password:
Save Password
Forgot your Password?


This page may contain links that result in small commissions to keep this free site up and running.

Welcome Guest! Registering and/or logging in will remove the anchor (bottom) ads. It's Free!

Bid Retraction Another Ebay Thorn.

To participate in the forum you must log in or register.
Author Previous TopicReplies: 14 / Views: 5,250Next Topic  
Pillar of the Community
Learn More...
nohope587's Avatar
United States
5953 Posts
 Posted 05/15/2012  5:44 pm Show Profile   Bookmark this topic Add nohope587 to your friends list Get a Link to this Message Number of Subscribers
I have several items on ebay at the moment and a few of then were bid fairly high and have been since day one. Then today the high bidder retracts his bids and the prices all plummet. Its been almost three days since he bid How can e-bay allow a retraction after that amount of time. I'm not happy at all I am sure its going to affect the final outcome of the auction and bargain hunters would not be watching the items due to the initial high bids.
Three bids from the same persona all retracted today for the same reason "entered wrong amount" Surely this should not be allowed.
Rest in Peace
dave700x's Avatar
United States
10625 Posts
 Posted 05/15/2012  5:59 pm  Show Profile   Bookmark this reply Add dave700x to your friends list Get a Link to this Reply
Sounds like a tactic to knock your coins off other peoples radar in an attempt to pick them up cheap. Can you end the auctions and re list? And then block that bidder?
Bedrock of the Community
United States
10284 Posts
 Posted 05/15/2012  6:21 pm  Show Profile   Bookmark this reply Add TNG to your friends list Get a Link to this Reply
Bid retractions are permitted up to 12 hours before the listing ends and also less than 12 hours with some conditions. The reasons the bidders can give may not be true but it is a way out.
This is a trick some people use to jump in with a second account to get an item cheaper.

It is ONLY OK to retract a bid if...,

1. You accidentally enter a wrong bid amount (for example, you bid $99.50 instead of $9.95). If this occurs, re-enter the correct bid amount immediately.
2 .The description of an item you have bid on has changed significantly.
3. You cannot reach the seller. This means that you have tried calling the seller and the seller's phone number doesn't work, or you have tried emailing the seller and it comes back undeliverable.

From ebay
"How long do I have to retract a bid?"

Time restrictions for retracting a bid

Listing ends in more than 12 hours
When you retract the bid, we remove all bids you placed on the item. If you are correcting a bidding error, you must bid again.

Listing ends in less than 12 hours
Only if you retract the bid within one hour of placing it
When you retract the bid, we remove only your most recent bid. Bids you placed prior to the last 12 hours of the listing are not removed.
Pillar of the Community
Learn More...
nohope587's Avatar
United States
5953 Posts
 Posted 05/15/2012  6:24 pm  Show Profile   Bookmark this reply Add nohope587 to your friends list Get a Link to this Reply
Well he did not rebid that's for sure.. So to me that means the wrong amount argument does not fly..
Bedrock of the Community
United States
10284 Posts
 Posted 05/15/2012  6:33 pm  Show Profile   Bookmark this reply Add TNG to your friends list Get a Link to this Reply
That is not surprising.
You can look at the ebay members profile and see if they abuse this.
Look at the feedback file under FEEDBACK AS A BUYER
You will see off to the right, how many bids they retracted in the last 12 months.
I have 2 myself but as I recall, I had questions about the items I was buying and never got an answer.
Probably about combined shipping costs.
If this person seems to be a problem bidder, I wouldn't mind adding them to my blocked bidder/buyer list.
Pillar of the Community
Canadian-Banknotes's Avatar
Canada
4944 Posts
 Posted 05/15/2012  6:43 pm  Show Profile   Bookmark this reply Add Canadian-Banknotes to your friends list Get a Link to this Reply
People are always abusing the bid retraction option. I had a guy say that he entered the wrong amount on my listing (even though he only bid the starting price), he never re-bid even though you are supposed to.
Pillar of the Community
Learn More...
nohope587's Avatar
United States
5953 Posts
 Posted 05/15/2012  7:22 pm  Show Profile   Bookmark this reply Add nohope587 to your friends list Get a Link to this Reply
Bid retractions (last 12 months): 21 seems a little too high for my liking I guess I should ban him from bidding though he has 100% feedback
Bedrock of the Community
basebal21's Avatar
13014 Posts
 Posted 05/15/2012  8:22 pm  Show Profile   Bookmark this reply Add basebal21 to your friends list Get a Link to this Reply
I would immediately block him.

Contact ebay to see what you can do about getting the listing relisted or end it yourself and start over.

He almost certainly did hurt your final value price as he drove up the price.

If you do relist it yourself I would suggest contacting the people who bid on it (aside from them) explain that your auction had been tampered with with someone consistently bidding and retracting and that you were relisting the item with the person blocked and they are more than welcome to ask any questions or rebid on the item
Pillar of the Community
Learn More...
nohope587's Avatar
United States
5953 Posts
 Posted 05/15/2012  8:36 pm  Show Profile   Bookmark this reply Add nohope587 to your friends list Get a Link to this Reply
Unfortunately I have time limitations I am only going to be in country for another 5 days so I have to let the auctions run. I will block the guy though My first ever blocked buyer on ebay
Pillar of the Community
larsdog's Avatar
United States
593 Posts
 Posted 05/15/2012  11:45 pm  Show Profile   Bookmark this reply Add larsdog to your friends list Get a Link to this Reply
I agree that bid retractions SHOULD only be allowed in two circumstances:
1. You accidentally made the wrong bid. You should have to report that within one hour.
2. You can't reach the seller to discuss a serious issue, like a fundamental change in the listing or legitimate concerns about the authenticity of an item.

I have been buying on ebay for over 12 years with feedback of 857. I have NEVER used a bid retraction. I have had more than one auction cancelled because I raised concerns about authenticity, etc. and the seller did a second look and agreed to cancel the auction. One bid retraction per year may be OK, but anyone with more than one bid retraction in a 12 month period should have their account suspended, IMHO.
Pillar of the Community
wheatiefan's Avatar
United States
507 Posts
 Posted 05/16/2012  07:24 am  Show Profile   Check wheatiefan's eBay Listings Bookmark this reply Add wheatiefan to your friends list Get a Link to this Reply
Of course he has a feedback rating of 100%!

If all he does is buy, there's no way for him to receive negative feedback from sellers!



Best case scenario is he is a deadbeat; worst case is he is a scammer and your auction will suffer for it. . .

:(
Bedrock of the Community
basebal21's Avatar
13014 Posts
 Posted 05/16/2012  4:40 pm  Show Profile   Bookmark this reply Add basebal21 to your friends list Get a Link to this Reply
I understand why they dont allow bad feedback from sellers, but part of me wishes they did. If the transaction is particularly painful they should get bad feedback so other sellers know.

I had a lady buy from me and I shipped it with tracking. The post office left her 3 notices that her package was waiting. As she told me she didnt feel it was her responsibility to go to the post office to pick up her own mail and the package was returned to me. I gave her the money back for the item but not the shipping (which I had already lost money on) and she made a huge deal about it to ebay and the credit card ect. Long story short I lost money and lost a day dealing with that.

Ive since blocked her from buying from me but really wish I could have written about it on her feedback so other people dont run into the same issue with her
Bedrock of the Community
United States
10284 Posts
 Posted 05/16/2012  5:05 pm  Show Profile   Bookmark this reply Add TNG to your friends list Get a Link to this Reply
You can use follow up on feedback left basebal21 but them they will most likely follow up as well and state the usual excuses or point blame to you.
Pillar of the Community
joeturbo26's Avatar
United States
1193 Posts
 Posted 05/19/2012  10:37 am  Show Profile   Bookmark this reply Add joeturbo26 to your friends list Get a Link to this Reply
Off coin topic, but I once was in a similar situation. Was selling my old iPhone 4, right after I purchased the 4S. I really didn't mind taking a fair amount, I just didn't want/need the phone anymore. At the time the iPhone 4 was a HOT ebay item selling quick, immediately I had almost 400 views and about 100 watchers (Crazy)!

I had sold internationally on ebay in the past, but had wanted to only ship this nationally, so I wrote in my description, NO INTERNATIONAL SHIPPING!

Ultimately, someone in China bid and won. Never paid... Contacted ebay about the payment issue, they relisted it free and deleted the fees.

Again, it gets watched, viewed a ton of times... sells this time to Italy. She then retracts her bid... ebay allows it...

After all this hoopla, ebay tells me, if the sellers "settings are wrong, buyers can retract". In other words, to only ship domestic, I need to have that in my setting, not in my listing.

The outcome... After fees, shipping, and relisting, it cost ME money to sell my iPhone

ebay is a buyers world, end of story!
Pillar of the Community
BuffalosRock's Avatar
United States
500 Posts
 Posted 05/25/2012  4:31 pm  Show Profile   Bookmark this reply Add BuffalosRock to your friends list Get a Link to this Reply
I'd agree that it should be "within an hour" period.

I've thunderthumbed a couple - but retracted them within seconds each time. I just looked and it says ZERO for retracted in my profile. I know I've done at least 3 or 4 in the last year. I wonder if they only "count them against you" if it is past an hour - which is fair.

I saw another thread where a guy was insinuating he'd sue for someone having made a $1000 bid on a $4 coin ( who claimed someone else did it and it wasn't intentionally done ). You have to be reasonable!
  Previous TopicReplies: 14 / Views: 5,250Next Topic  

To participate in the forum you must log in or register.



    




Disclaimer: While a tremendous amount of effort goes into ensuring the accuracy of the information contained in this site, Coin Community assumes no liability for errors. Copyright 2005 - 2026 Coin Community Family- all rights reserved worldwide. Use of any images or content on this website without prior written permission of Coin Community or the original lender is strictly prohibited.
Contact Us  |  Advertise Here  |  Privacy Policy / Terms of Use

Coin Community Forum © 2005 - 2026 Coin Community Forums
It took 0.45 seconds to rattle this change. Forums